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gift money

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crm0720 Joined: 26 Jul 2010 Posts: 1 1.27 Dollars($)	Posted: Mon Jul 26, 2010 11:57 am    Post subject: gift money Like 0 Dislike 0 Does gift money for a down payment have to come from a family member? If the gift does not come from a family member, what additional stipulations are required for this?
loansuperstore Joined: 15 Jul 2010 Posts: 16 3.89 Dollars($)	Posted: Mon Jul 26, 2010 12:09 pm    Post subject: Like 0 Dislike 0 No. The down payment can be a gift from a family member or long term family friend which must be documented. _________________ 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!
tfaulhaber1 Community Expert Joined: 17 Dec 2009 Posts: 562 75.68 Dollars($)	Posted: Tue Jul 27, 2010 8:21 am    Post subject: FHA Like 0 Dislike 0 yes, he/she would require a documented and clearly defined interest in the property. _________________ Theo (Ted) Faulhaber 516-403-9116 516-634-4417 tfaulhaber (at) vanguardfunding.net

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