Generally speaking, the answer is no for most types of financing. The most reliable source of information regarding borrowing or gifts of down payment money is your real estate agent or mortgage lender.

This will be determined by the lender based on your repayment ability and the appraised value of the home. For information on how lenders determine repayment ability, click here. See similar questions...

Is it possible to borrow against (or liquidate) my 401(K) or IRA for a down payment and if so is this a good idea? Finding an Agent See similar questions...

However, any loans that you take out must be secured by an asset that you own. If you own something of value that you could borrow funds against such as a car or another home, it's a perfectly acceptable source of funds. If you are planning on obtaining a loan, make sure to include the details of this loan in the Expenses section of the application. See similar questions...

CalSTRS does not offer a program where members can borrow against their retirement account. However, CalSTRS does offer two types of mortgage programs that may meet your needs. The Zero-Down Preferred Program and the 80/17 Program both provide down payment assistance. For more information on the CalSTRS Home Loan Program, visit the Home Loan Program Summary page. See similar questions...