Can I use an annuity for my down payment?

Profile picture for hotjack
I have an annuity that I would like to use for my down payment. Is there a problem? 
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June 02 2010 - Bullhead City
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Answers (2)

Profile picture for LUXURY HOME LOANS CA
As long as it has been established for two months you shouldn't have a problem, if contractually you have immediate access. ..... Happy funding, Rudi
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June 02 2010
Profile picture for Desert Dream Team

there are a lot of factors, is it a primary residence or investment?  How is the annuity set up?  To be 100% sure I'd check with your tax professional or financial planner since there could be implications I don't know about.

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June 02 2010
 

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