Down payment.

CFR · 2024-01-01 · US · Title 7

Elderly families must use any net family assets in excess of $20,000 towards a down payment on the property. Non-elderly families must use net family assets in excess of $15,000 towards a down payment on the property. Applicants may contribute assets in addition to the required down payment to further reduce the amount to be financed.

official document · source cfr-2024 · id 7:§ 3550.64