Gift Funds For The Down Payment on a Home Purchase
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Gift Funds For The Down Payment on a Home Purchase

BySapna Sharma
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Gift funds for the down payment on a home purchase are allowed on government and conventional loans for the down payment and closing costs. FHA, VA, USDA, Fannie Mae, and Freddie Mac allow gift funds to be used. However, there are rules and regulations with regard to gift funds. Each loan program has its own…

Gift of Equity Home Purchase By Family Members
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Gift of Equity Home Purchase By Family Members

ByAlec Finn
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This guide covers the mortgage guidelines for buying home from family members. Gustan Cho Associates get many calls from home buyers about buying home from family members. There are many benefits to buying home From Family Members. Many home buyers often want to purchase a home from their parents. They were often raised in the…