I specialize in Kentucky FHA, VA, USDA & Rural Housing, KHC and Fannie Mae mortgage loans. I have helped over 589 Kentucky families buy their first home and refinance their current mortgage for a lower rate; First time buyer $0 money down still available with down payment assistance with KHC. Free Mortgage applications same day approvals. This web site is not endorsed by the FHA, VA, USDA, HUD or any other government agency.Text/call 502-905-3708 email@example.com
KENTUCKY FANNIE MAE CONVENTIONAL LOAN MINIMUM BORROWER CONTRIBUTIONS CHANGES
KENTUCKY FANNIE MAE CONVENTIONAL LOAN MINIMUM BORROWER CONTRIBUTIONS CHANGES FOR 2014
FHA & Conv Gift Funds
A wire transfer is the answer when a gift Donor does not want to supply their bank statement or 30 day printout to show the withdrawal of the gift funds. Per HUD guidelines involving gift funds:
• If the gift funds are paid directly to the settlement agent, the Mortgagee must verify that the settlement agent received the funds from the Donor for the amount of the gift, and that the funds were from an acceptable source.