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Can I use gift funds for my down payment?
Posted : 28/04/2024 2:48 pm
Yes, you can use gift funds for your down payment, but there are specific requirements and documentation needed. The gift funds must come from an acceptable source, such as a family member or other eligible donor, and you'll need to provide a gift letter and proof of the gift. It's best to check with your lender for their specific policies and procedures regarding gift funds. You can also search online for more information on using gift funds for a down payment.
Posted : 30/04/2024 9:41 pm