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20% down on house Question

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ba6412
Established Member

20% down on house Question

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,

 

J

Message 1 of 2
1 REPLY 1
DallasLoanGuy
Super Contributor

Re: 20% down on house Question

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

 

Retired Lender
Message 2 of 2
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