Re: Question regarding seasoned funds and a mortgage
02-21-2013 09:01 AM
Bumping to see if we can get an answer to OP's question since I'm curious as well.
How are gift funds seasoned? Do they need to be in one's account (from the gifter) for a period of time before they can be used for a down payment?
Starting Score: 707 (Experian); 702 (Equifax); 740 (TransUnion)
Current Score: 776 (Experian); 753 (Equifax); 780 (TransUnion) as of 09/11/2014
Goal Score: 800
Take the myFICO Fitness Challenge