Gift Tax on Down Payment

[Travis Hafer]

Hello BiggerPockets,

My wife and I are about to qualify for a home loan through Quiken. This will be our first investment property. To add to the story my brother and his wife will also be partners in this process. They will be on the title but will not have any of the loan in their name. Can they contribute 50% of the down payment and closing costs without it going through me or being taxed as a gift or anything else? My Lender says yes it is doable but I would like to hear other facts before I commit to it. Also, is there any other fees or taxes that anyone can thing of that would come from doing a partnership like this?

Thanks