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Do FHA mortgage Lenders allow realtors to  give a gift of their commission for the down payment?

Do FHA mortgage Lenders allow realtors to  give a gift of their commission for the down payment?


Can A Realtors real estate Commission from Sale of Subject Property refers to the Borrower’s down payment  portion of a real estate commission earned from the sale of the property being purchased.  FHA mortgage lenders may consider Real Estate Commissions from the Sale of the Subject Property as part of the Borrower’s acceptable source of funds if the FHA mortgage applicant is a licensed real estate agent.  A Family Member entitled to the commission may also provide it as a gift, in compliance with standard gift requirements.  The
FHA mortgage lenders must verify and document that the Borrower, or Family Member giving the commission as a gift, is a licensed real estate agent, and is entitled to a real estate commission from the sale of the property being purchased.   

Do FHA Mortgage Lenders allow employers gift the borrower’s down payment?

Do FHA Mortgage Lenders allow employers gift the FHA mortgage applicants down payment?   Employer Assistance refers to benefits provided by an employer to relocate the FHA mortgage applicants or assist in the FHA mortgage applicants housing purchase, including closing costs, Mortgage Insurance Premiums (MIP), or any portion of the FHA mortgage applicants Minimum Required…

 

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