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Gift Letter VAFHAConventional Kitcrowne Com  Form

Gift Letter VAFHAConventional Kitcrowne Com Form

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Instructions and help about Gift Letter VAFHAConventional Kitcrowne com

it with me we get by with Little Help from our friends [Music] today we're covering free stuff or more technically FHA gift funds if you're fortunate enough to have been gifted money for a down payment you'll want to take some notes okay real quick I know you may not have watched our wonderful video on mortgage loan types FHA stands for the federal housing Administration FHA Loans don't have as many requirements as conventional loans this means you could have a lower credit score to qualify and that you can carry more debt than with a conventional mortgage these loans are government-backed and designed to get more people into homes they also come with some restrictions the loan has to be for your primary home and meet some certain inspection standards but generally a good option for people in particular Financial situations FHA gift funds are any gifts that people give you to help you pay for your new house and FHA loan the thing is you have to accept and disclose these gifts in a spec

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