Downpayment Lender Recommendations
Currently a new real estate investor looking to source my financing. I'm for advice and recommendations for my current lending situation. I'm looking to buy a STR in MD, and i've run into a bump in a road for my financing. I received a gift for the downpayment and closing costs however my lender has stated that gifts are not acceptable forms for the downpayment etc. He suggested that I wait (2) months for the money to season in my account prior to moving forward. Has anyone else encountered this problem and what was the workaround they utilized?
Thanks in advance