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Updated over 6 years ago on . Most recent reply

Shawn Rogers's profile image
Shawn Rogers's profile image
Shawn Rogers
  • Rental Property Investor
  • from Calimesa, CA
  • Member since Jun 12, 2019

User Stats

4
Posts
1
Votes
Shawn Rogers's profile image
Shawn Rogers's profile image
Shawn Rogers
  • Rental Property Investor
  • from Calimesa, CA
  • Member since Jun 12, 2019
Shawn Rogers
  • Rental Property Investor
  • Calimesa, CA
1
Votes |
4
Posts
Personal Finance

Down payment funds for loan

Shawn Rogers
  • Rental Property Investor
  • Calimesa, CA
Posted

Went to my bank today to get pre qualified for loan on property I’m looking at and was denied due to my down payment being gift funds from my brother. Looking at MF under 4 units and was under impression gift funds where fine for down payment. Is it just bank preference?

Thanks for any advise

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