Q: If I need help with my down pmt…can my parents or a family member gift me the money needed for the down pmt, closing costs, & pre-paid items?

A: On FHA, VA, RD (the government loans)…..YES!
On Conventional…yes but the first 5% must come from and directly be sourced from the actual buyer(s).

Credit: Russ Ogden, Nola Lending Group LLC