MND Q&A

Can you use a gift as a partial source for the down payment on an investment purchase (1-4)?

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Duplex purchase with part of the 25% down coming from a family memeber…Thanks!


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No. If the buyer is not occupying the property, a gift is not an acceptable source of funds for down payment on a conventional, conforming loan, using either Fannie Mae or Freddie Mac guidelines.

Answered 2 months ago
Harlan Cooper ✎
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