sangfnsgfsd
Categories: Brett's Mortgage Blog

Important Tip When Using A Gift For Your Down Payment…

Good Morning!

 

 If you are planning on using a gift as the down payment on an FHA mortgage – here’s a tip for you…

The underwriter will very likely ask for a recent bank statement or verification of deposit from the gift giver to show that they had enough money in the bank to give the gift.You will want to prepare the gift giver for this.

They may feel it’s a bit intrusive for them to have to show their bank balance, but it’s just part of the documentation required in the mortgage industry.

That’s it for today!

 

Have a good day today!  …and thanks for reading.

Brett

To see if you qualify for a mortgage right now – CLICK HERE  and fill out this simple application.

 

To sign up for my weekly mortgage quick tips – CLICK HERE.

To download this report “4 Easy Ways To Get Someone Else To Pay Your Closing Costs!” – CLICK HERE.

 

Brett Sampson

Recent Posts

Here’s A Cool Calculator That Can Help You Decide If It’s The Right Time To Buy A House…

If you are thinking about buying a house, but you aren’t really sure if it’s…

1 day ago

Maximum Amount The Seller Can Help You By Loan Program…

Here is a breakdown of the maximum seller help amounts by loan program… Program: Conventional…

3 days ago

Two Ways To Help Pay Your Property Taxes…

Your property tax bill usually comes out in late November, or early December. There are…

1 week ago

How To Buy Rental Property Without Proving Income…

If you want to acquire rental properties, but you are having issues proving your income…

1 week ago

How To Get A Loan With Foster Care Income…

If you receive money from the State or a County sponsored organization for providing foster…

2 weeks ago

Who Can And Can’t Give A Gift On FHA Loans…

FHA gift questions come up often. I wanted to give you the rules on FHA…

2 weeks ago