Tag: Gift Requirements

VA – Acceptable Source of Gift Funds: Who is allowed to give a VA borrower gift funds? [Gift Funds & Gift of Equity Chart]

Answer: As long as you can satisfy the document requirements listed, the gift funds should be acceptable to the VA underwriter.  VA has always allowed gifts, they just relied on VA underwriters to use basic industry practices to underwrite files. Documentation Requirements: Evidence of the borrower’s deposit, or A copy of the donor’s funds by […]

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