“Gift Funds” from Partner (unmarried)

[Paris Williford]

I’ve been doing some reading on “Gift Funds” as part of a down payment but it seems that only immediate family members are allowable sources. My partner and I are unmarried and I plan to apply for the mortgage on my own, but would like to use his funds as part of the down payment.

Any thoughts on this?

[Chris Mason]

Originally posted by @Paris Williford:

I’ve been doing some reading on “Gift Funds” as part of a down payment but it seems that only immediate family members are allowable sources. My partner and I are unmarried and I plan to apply for the mortgage on my own, but would like to use his funds as part of the down payment.

Any thoughts on this?

 For owner occupied real estate, your fiance can gift you down payment funds with most lenders and loan programs. 

For investment property real estate, no down payment gifts are allowed.

Video related, and grats to the lucky guy or lady or person! .... also, nopressure.jpg