Can a gift from family cover my down payment?
Answered
0
Yes, and it happens more than people think. The part that trips folks up isn't whether it's allowed — it's the paperwork. We need a gift letter and a clear paper trail showing where the money actually came from. Skip that step and it can hold up your closing right when you don't want any surprises. Set it up right from the jump and it's a total non-issue.