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My mother's awesome LOE(Greatest LOE for downpyment gift EVER)

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Chbraswell
Regular Contributor

My mother's awesome LOE(Greatest LOE for downpyment gift EVER)

SO my mom gifted me $2000 from her home stash, because she doesn't like banks.  I thought it was going to be a 2 liner, but she ended up writting thing.  Would this be okay? Or too strong?

 

Beginning:Explus 630 eq 573 tu 593
Current: EXplus:677 Eq 642 TU 727
Goal: Explus 700 eq 700 tu 800

Merrick: 1550 Capital One:1150 Barclay: 2000 Walmart: 300 Chase Freedom: 500
Message 1 of 5
4 REPLIES 4
Chbraswell
Regular Contributor

Re: My mother's awesome LOE(Greatest LOE for downpyment gift EVER)

Beginning:Explus 630 eq 573 tu 593
Current: EXplus:677 Eq 642 TU 727
Goal: Explus 700 eq 700 tu 800

Merrick: 1550 Capital One:1150 Barclay: 2000 Walmart: 300 Chase Freedom: 500
Message 2 of 5
Chbraswell
Regular Contributor

Re: My mother's awesome LOE(Greatest LOE for downpyment gift EVER)

wont upload sorry!

Beginning:Explus 630 eq 573 tu 593
Current: EXplus:677 Eq 642 TU 727
Goal: Explus 700 eq 700 tu 800

Merrick: 1550 Capital One:1150 Barclay: 2000 Walmart: 300 Chase Freedom: 500
Message 3 of 5
Matt6995
Regular Contributor

Re: My mother's awesome LOE(Greatest LOE for downpyment gift EVER)

The underwriter at my lender required proof our gift money existed in the givers account.

 

Seems like a standard deal. Cash not in her account may cause an issue.

 

Good luck.

Message 4 of 5
ezdriver
Senior Contributor

Re: My mother's awesome LOE(Greatest LOE for downpyment gift EVER)

My recommendation is that you let the money season in your account for 60 days and then you won't have to worry about all the documentation requirements for gifted money.

Message 5 of 5
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