Knowing what is expected from a gift donor is important to prevent any last-minute issues right before closing. All of my clients receive counsel regarding the documentation the gift-giver will need to provide at the time of application to avoid any problems. Trust me with your business!

Related Article Title:  FHA – Donor Gift Funds – Alternative to Bank Statement:  Will FHA accept a statement from the donor’s bank letterhead with the account number, owner of account, and a statement that the balance is greater than “X” which is the amount of the gift? [Gift Funds and Gift of Equity Chart] Answer: […]

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