Fannie Mae – Gift Funds Received as Bank Check: If a gift donor provides a bank check vs. a personal check, do we have to provide the donor’s bank statement?
Answer: See highlighted text below from FNMA selling guide. You will notice that there is NO requirement to provide bank statements from the donor. Any lender/underwriter requiring one would be asking for more than what the selling guide requires. Reference: B3-4.3-04: Personal Gifts (09/29/2015) Documentation Requirements Verifying Donor Availability of Funds and Transfer of Gift […]