FHA – Gift Funds from Real Estate Agent: Can a real estate agent who is related to the borrower gift commission towards down payment and closing costs?
Answer: FHA does allow a family member real estate agent involved in the transaction to gift commission to the buyer. Just be sure that the “family member” fits the definition of a family member by FHA. See the full guideline below. Reference: 4000.1 II.A.4.d.iii.(Q) or II.A.5.c.iii.(Q) Real Estate Commission from Sale of Subject Property refers to the […]