USDA – Gift Funds – Familial Status: What is considered a family member under USDA for the purpose of receiving gift funds? [NEW CHART – Gift Funds and Gifts of Equity – All Agency Chart]

Answer: USDA and VA do not require donors to have familial ties to borrower like the other agencies.  Anyone that does not have an interest in the sale of the property (seller, builder, real estate agent, etc.) can be an eligible donor. Reference: 3555, Chap 9, Att 9-A Social Media Post: Did you know that [...]