Frequently Asked Questions

Is a gift from someone else an acceptable source of my down payment?

Gifts are an acceptable source of down payment, if the gift giver is related to you or your co-borrower, fiancé or a friend treated as family. We’ll ask you for the name, address, and phone number of the gift giver, as well as the donor’s relationship to you. Finally, we will need to source the wire/check from the donor’s account arriving in your account or escrow, whichever is applicable. Gift funds are not acceptable in an investment property transaction, only owner occupied.

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