CAN YOU USE GIFTED FUNDS FOR DOWN PAYMENT OR CLOSING COSTS?

I'm often asked if you can use gifted funds for a down payment or closing costs? YES but watch to learn a few things you should know. Ready to get started? ➡️ Schedule a FREE Personalized Mortgage Consultation 📞 with a Kelly Zitlow Group team member today! ☎️ https://bit.ly/3wERfRV or 📞 call or text 480.725.0150

👉 👉 NOTE: Gifting funds on a FHA loans is now EASIER! Check-out this update:    • GIFTING FUNDS NOW EASIER ON FHA LOANS!  

We lend in 45 states + Washington D.C. Our mission is to provide honest, well-communicated, and knowledge-based lending experiences.

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KELLY ZITLOW, NMLS 164330
Sr. Mortgage Advisor
[email protected]
www.kellyzitlowgroup.com
☎️ CALL or TEXT 480.725.0150

Kelly Zitlow is a Sr. Mortgage Advisor with Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB. All information presented is for educational purposes only and is used to help you as the viewer in your home-buying process.

Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB. Cornerstone Capital Bank, SSB. Member FDIC. NMLS ID# 2258 | Equal Housing Lender | Production Office = 14635 N Kierland Blvd Ste 140, Scottsdale, AZ 85254

CHAPTERS:
00:00 - Gifted Funds for Down Payment and Closing Costs
00:24 - Loan Type Requirements for Gifted Funds
01:16 - Gift Letter Requirements Explained
03:31 - Timing for Receiving Gifted Funds
04:55 - Stating Amount of Gifted Funds in Letter
05:14 - Share Your Questions and Video Ideas

#giftedfunds #downpayment #mortgage