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"Gifted" and "Seasoned" Down Payments

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StartingOver10
Moderator Emerita

Re: "Gifted" and "Seasoned" Down Payments

Tax refund deposits aren't an issue because there is documentation.

 

Since it is a new construction type home, why don't you deposit the funds in a new account and let them sit there until closing like frugalQ suggested. I would still check with the LO and u/w to make sure you are following procedure for documenting the wedding gift funds. I am sure this is not the first time they have seen cash wedding gifts Lol...Smiley Wink

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