| Title | : | CAN YOU USE GIFTED FUNDS FOR DOWN PAYMENT OR CLOSING COSTS? |
| Lasting | : | 5.37 |
| Date of publication | : | |
| Views | : | 4,1 rb |
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Thank you This is very helpful Comment from : @yemarican |
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Is there a maximum amount of money for the gift? Comment from : @JuanN270 |
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I think it’s the opposite Conventional loans allow friends fha are more strict ? Comment from : @DDudemann |
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My son got married this past November and is in the process of doing a loan assumption, they received a substantial amount of money from over 200 guests how do they document that? Comment from : @MrLakerfan44 |
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Do I have to pay taxes on gifted money from s relative toward a home purchase Comment from : @susansuzieclaussenparham3931 |
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what if the lender says that they can be a business partner? Comment from : @RealEstateDealsOnly |
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If I give my son the money as a gift for his home down payment and closing cost, does he need to pay the gift tax at the tax year of buying the home Comment from : @JimmyLD666 |
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If gifted stock via transfer is sold 'years' later for a down payment require the same reporting? Even if It wasn't earmarked for anything when gifted? If original stock was sold/traded for other stock negate the requirement? Such an odd rulebrThanks btw subbed Comment from : @izmark671 |
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Can I sell personal items and have a handwritten receipt? Comment from : @bobingalls4643 |
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Hmmmm nicequestions I'm short 3grand on the investment loan for the down payment can completely forgot of this process and spend the money on money on other things etc 😬😬 I do have the money or ways to getting the 3 grand but it's money I have in cash right now I haven't spoke to the lender yet but what are my options? Any creative thinking what's the worst that can happen? Comment from : @miguelducasse |
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Hello can down payment and closing assistance cost be utilized at the same time ? Comment from : @Davion_savant |
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I have closing for my house within 30days Can I still get gift money into my bank account?brAlso can I get gift money from my three brothers separately or it should be only one gift money?brThanks Comment from : @furqanahmed5868 |
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