Most know that FHA allows Gifts and Gifts of Equity for Down payment and closing costs purposes, but documenting the many ways Gifts can be used can be a little complex. Call me 1st to discuss the expectations with your clients to avoid any issues.
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Answer: [tweet-start]Just in, Who Can Give a Gift on an FHA loan? Contact me for your free copy![tweet-end] MortgageCurrentcy™ offers several Gift Funds Reference Charts which are attached below for your convenience. The documentation requirements vary depending on the status of the gift funds. In your case it sounds like the funds are already verified […]