Down Payment. The borrower has contributed at least 5% of the Purchase Price with his/her own funds.
Appears in 17 contracts
Sources: Mortgage Loan Purchase and Sale Agreement (Sequoia Mortgage Trust 2013-6), Mortgage Loan Purchase and Sale Agreement (Sequoia Mortgage Trust 2013-4), Mortgage Loan Sale and Servicing Agreement (Sequoia Mortgage Trust 2013-3)
Down Payment. The borrower has contributed at least 5% of the Purchase Price with his/her own funds.;
Appears in 5 contracts
Sources: Mortgage Loan Flow Purchase, Sale & Servicing Agreement (Sequoia Mortgage Trust 2013-1), Mortgage Loan Flow Purchase, Sale & Servicing Agreement (Sequoia Mortgage Trust 2012-3), Mortgage Loan Flow Purchase, Sale & Servicing Agreement (Sequoia Mortgage Trust 2012-2)
Down Payment. The Except as otherwise indicated on the Mortgage Loan Schedule, the borrower has contributed at least 5% of the Purchase Price with his/her own funds.
Appears in 1 contract
Sources: Mortgage Loan Sale and Servicing Agreement (Sequoia Mortgage Trust 2011-2)