You can use a conventional loan and have your dad gift you the equity in the property so that you dont come out of pocket with the 20% or you can use FHA to reduce your cash outlay and only need to come up with 3.5% if you occupy.Student loan calculations for lenders are actually pretty generous.

We ended up getting part of the money gifted to us before closing, we told the bank this and before we closed they essentially gave us a number of what had to be in the account for us to close.With the extent of work required the bank rolled 6months of mortgage payments into the loan.

Is there a transfer or gift tax? 

Is there anyway we can gift the estate in its entirety without paying hundreds of thousands of dollars?

All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserved. 

christina, unless he is throwing in a bunch of money you dont have/ have access to or giving u the ability to refinance, you are giving Jason a gift of 1/2 your houses for something you could have done yourself.

In fact she will be able to write off half of the value of the house on her taxes as a gift to you. 

The gift of giving is year round on this site.

Nothing more joyful than mold build up due to insufficient airflow in a space that has a lot of humidity generated.Remember, rent is not a gift to you.

The best.I feel like I am the one who got a birthday gift today.