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Mortgage Gift Letter PDF Form

Mortgage Gift Letter PDF Form

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Video instructions and help with filling out and completing Mortgage Gift Letter Pdf Form

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Instructions and help about gift letter pdf

hey y'all jen hernandez loan with jen what are the rules for down payment a gift uh you're using a gift for the down payment so we will be right back to go over that [Music] okay we're back so gifting there's a lot of people that need a gift for the down payment so a couple of things i want to go over is the rules around the different types of programs so you've heard me talk before about there's two types of loans there's a fha federal housing administration loan and there's a conventional loan which is conventional conforming loan that's the fannie mae freddie mac loan so that's where the majority of the loans go between those two entities so let's talk about fha first you can have a gift from a relative for the down payment not a problem at all it can all be a gift closing costs down payment the whole thing so let's flip over to the conventional conforming loan there are some different ru

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