2007-03-17 03:35:27 · 4 answers · asked by brenna0725 2 in Business & Finance ➔ Renting & Real Estate
No, you cannot. And last I knew, there were restrictions on how much money could be gifted. Check with your specific lender. It all depends, really, on the type of loan program that you are going with, whether it is private or government. The lender will likely want to see the financial sources if you're receiving a gift towards downpayment.
2007-03-17 04:18:07 · answer #1 · answered by Heather N 5 · 0⤊ 0⤋
Probably not, but you might be able to get a first time homebuyer program along with a HUD downpayment assistance program if you are purchasing in HUD designated "blighted" areas.
2007-03-17 10:55:17 · answer #2 · answered by Anonymous · 0⤊ 0⤋
My guess is no the lender will want to see how much the gift is first i Wish you good luck on your new home
2007-03-17 12:46:39 · answer #3 · answered by pattibcacl 6 · 0⤊ 0⤋
Why don't you save the money yourself instead of getting in the sub prime real estate game.
2007-03-17 10:43:33 · answer #4 · answered by Anonymous · 0⤊ 0⤋