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Private Lending & Conventional Mortgage Advice

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Doron Rice
  • Closter, NJ
19
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72
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Lender doesn’t allow down payment money to be a gift

Doron Rice
  • Closter, NJ
Posted Sep 21 2015, 10:39

Hi,

After contacting a few lenders I’ve realized that the down payment money can’t be a gift. Does anyone have an idea how rigid is this rule and if there is a way to work around it. I did receive funds from my parents to purchase investment properties and would like to use a mix of my saving and their help.

Thanks.

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