Posted on: 26th Jul, 2010 11:57 am
Does gift money for a down payment have to come from a family member?
If the gift does not come from a family member, what additional stipulations are required for this?
If the gift does not come from a family member, what additional stipulations are required for this?
No. The down payment can be a gift from a family member or long term family friend which must be documented.
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_________________
http://www.loansuperstore.com
"Your one-stop-shop for every type of loan!"
Check out loansuperstore.com for loan information, and get a free quote and free pre-approval on all loans!
or Call (800)365-8787 and talk to a professional who can hep you with any questions!
yes, he/she would require a documented and clearly defined interest in the property.
