Gift vs private money

[Dan Desler]

Hi everyone Another question for you guys My lender told me that the down payment and closing costs have to be your own money they cannot be gifts. For the Down payment I was planning on using a loan from a family member. Would this be considered a gift if they gave me the lump sum and I was paying them back. How is it considered a private loan instead of a gift Thanks in advance for any input Cheers! Dan