DSCR Gift Funds

[Account Closed]

I am planning on purchasing a $350k property with DSCR loan. I seen online gift funds can be used with after 10% of my own money. Does being a first time investor change the amount of my required contribution?

I have $35k of my own money to go towards the purchase. My son will be gifting the remainder to me. Can gift funds be used for reserves? Or will i need to have $35k + reserves of my own money to make this happen?

[Mike Grudzien]

I'll join in and repeat: "It depends on the lender"