20% down on house Question

ba6412 — Wed, 10 Aug 2016 20:30:48 GMT

My fiance and I just had our offer accepted on a home for $215,000. My boss is giving me the 20%, as I am cashing in on my bonuses early.

I then have to gift it to my fiance. The lender would then want to know how I got the money.

Is this going to pose an issue with our lender? The mortgage is in her name, not mine.

Please any advice.

Thank you,

Re: 20% down on house Question

DallasLoanGuy — Thu, 11 Aug 2016 02:24:01 GMT

lender can get documentation from you as of the acceptability of your funds. no problem.