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, or is a fiancé. 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.

Related FAQs