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Using gift funds for a loan

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outofthemoney
New Member

Using gift funds for a loan

Hi again  

Are there any loans at all that will allow you to use gift funds from places like Ameridream?  On the FHA site they had a huge list of providers, but a note at the bottom saying that each program was no longer available.   Thanks for your help (again)  Smiley Happy

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DallasLoanGuy
Super Contributor

Re: Using gift funds for a loan

'seller funded' dpa is dead. ameridream and others are trying to revitalize it.

bill currently being re-introduced into congress now. the bill died last time.

 

 city/county/local dpa is still available to those who qualify.... usually income contingent.

 

Retired Lender
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