I just wanted to warn everyone about this fraud that happened to me.

You would not put both or your names on the loan, and you would not commit mortgage fraud with false gifts.

There, no one committed fraud because neither you nor the person you're working with knowingly lied. 

i have sold a few buildings in burlington and held a second mortgage on two and a first on two others . i also purchased a 5 unit ; with owner holding a first for us , cuz she didn't want to lose the income , but we did put a chunk down . as a seller , i am looking for a good credit score and maybe 10% down and then maybe i would hold  a second of 10% or 15% . you will need to find a bank that will allow this , if its done on the low down without telling the bank, its bank fraud !   

Here are the numbers.SFR (classified) 2/1 up stairs and down stairs, Identical Floor plan. 1728 square ft.  

My intent is not to commit mortgage fraud, but to simply to see if this is legal.

@Michael Rojas all three of us can meet up together, if you wish.Desiree, one thing you will encounter relates to the most common type of mortgage fraud -- saying you intend to move in, and then not moving in, and renting it out instead.

If you take out an FHA loan but don't meet the residency requirements, you could (in theory) end up being prosecuted for fraud.  

Not NC.At least if it is not, there is an identical in Blacksburg that has been "available"for ~2 years now.Started out asking $249kThe seller will take $99k and it still isnt a deal at that price.

Signing these documents knowing that your downpayment is borrowed (in whole or in part) is mortgage fraud.