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Скачать или смотреть What Are The Rules For A Down Payment Gift

  • Loan With Jen
  • 2021-06-02
  • 3670
What Are The Rules For A Down Payment Gift
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Описание к видео What Are The Rules For A Down Payment Gift

So there are 2 sets of rules for down payment, one applying to FHA Loans and the other to Conventional Loans.

So the first set of rules applies to the FHA loan, which is, as long as you get your gift from a family member, it doesn't matter who or where or how the gift is received and applied to the loan.

However, for a Conventional Loan, although you do need a family member for the gift to be applicable, it cannot be on an investment property, but the same rules apply just as on the FHA Loan with the exception of that caveat.

Oh and one more thing while you’re down here, go ahead and hit that subscribe button and turn up notifications as I release 2 new videos a week that you won’t want to miss out on. Stay tuned, for I will be the first to update you on any changes or modifications that there will be on forbearances and other changes related to COVID-19. My goal is to help you understand how to obtain mortgage(s) to help grow your portfolio!

Also check out our playlists that feature various topics about homebuyer’s tips that will help you grow both as a homeowner and on a consumer/producer level. If you’re seeking more information on specific topics that follow, check out our specific playlists that follow up on topics like, Down Payments, Interest Rates, and more!

Be sure to checkout our locations which we service to: https://drive.google.com/file/d/1VwOZ...

Have any questions? Feel free to drop a question down in the comments on one of our videos or contact me and my team anytime at www.loanwithjen.com Equal Housing Opportunity Lender NMLS #514497

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