Advice PLEASE! Can't use gift money for investment property??

[Jessie Niu]

My mortgage broker just told me that I can't use gift money from my parents as down payment for investment property due to the rules from FHLMC and FNMA. What? I never knew this!

The mortgage company can't give me the loan, so I either have to use my own funds as down payment or buy the investment property with a cash offer without loans from mortgage company.

Unfortunately I don't have much cash myself, but my parents are willing to help and give me cash. There must be an alternative way to make is happen!  

Please help!!!!!