How to use gift money for a down payment

Attention, future homebuyers!

If you're planning to use a gift for any part of your down payment or closing costs, here's a crucial tip: make sure to discuss it with your lender.

Different loans have specific parameters regarding who can give you a gift and the allowable amount.

Before taking any action, have a conversation with your lender to ensure a smooth process. Stay informed, be proactive, and make your home loan journey a smart and successful one!

The Spiegel Group
Best mortgage team in Texas!
713-961-5363
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