Can someone “gift” you money for a down payment utilizing HML?

[Kyle Brodwater]

Quick question, can I borrow $20k from my mother and have her gift it to me? I would then use that $20k as a down payment for a property utilizing a HML. Basically is there a seasoning period for that money with a HML, to be in your account like a bank or no? Thank you!

[Dennis Folk]

@Kyle Brodwater HML are private banks, so each one could likely make that call independently and my guess is that they would likely be just fine with gift funds not being seasoned, if the LTV, etc on the deal otherwise made sense and met their requirements.