Home Buyer FAQ: Is a Gift an Acceptable Source of my Down Payment?

Home Buyer FAQ: Is a Gift an Acceptable Source of my Down Payment?

Gifts are an acceptable source for your required down payment, as long as the gift meets one of the following requirements:

 

  • The gift is provided by a relative
  • The gift is provided by the co-borrower
  • The gift is from a nonprofit or government organization such as TSAHC.

 

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