Gift Fund (Part I)

You can always choose to use gift fund for your downpayment. Here is a list of general guidelines for regular conventional loans and FHA home loans. Remember, all banks have different guidelines. Their requirements can be slightly different from one bank to another. Conventional Loans: If Read more ›

Gift Fund (Part 2)

Gift letter: This letter needs to be signed by the gift donor (the one who gives the gift fund) and our borrower who receives the fund. It indicates (1) the amount of fund, (2) relationship with the borrower, (3) Donor’s Read more ›