New Contributor
Elcid89
Posts: 567
Registered: ‎10-04-2012
Re: Starting the fha loan process!

Sorry, you are correct. Looks like I was given bad info by a loan officer (imagine that ...)

 

FHA allows gifts to be used as downpayments IF they come from a relative, employer or labor union, a close friend with a clearly defined and documented interest in the borrower, a charitable organization or a government agency / public entity which provides home ownership assistance to first time buyers or low to moderate income buyers.

 

My apologies for the bad info.

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