In a situation that basically goes like:
Buying a home, can afford the down payment on my own but was advised by the loan officer that I have more in reserves. Parent is giving me a one time $5000 gift, but the deposit will not be seasoned—only in my account for a few days prior to going into underwriting. Is the $5000 not considered legitimate due to how recently it was placed into my account?
[link] [comments]
source https://www.reddit.com/r/RealEstate/comments/fr2w8j/what_happens_if_a_gift_for_part_of_a_home_down/
Comments
Post a Comment