FHA – Gift From Parent Seller: If a client is purchasing a home from their parents, can the parents give them a gift for the down payment? [Chart – FHA Gift Funds – Donors & Documentation]

Answer: The short answer is that the parents can give a gift, either personal or of equity, even when they are the seller. (See second set of guidelines below regarding gifts.) Family members are the exception to the rule stated in 4000.1, II, A, 4, d, ii, (B) that says that a seller cannot be the source […]

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