Mortgage Gift Rules – How Much?

There are very specific mortgage guidelines that govern how much money a home buyer can receive as a gift.  The joy of home financing was at one time dimmed by strict regulations relative to who could give gifts to who and how much money one could receive in the form of a gift toward their down payment.  Thanks to some relatively recent changes by Fannie Mae the regulations on gift giving in mortgage-land are just about non-existent. Let's take a look at what the rules are with regard to … [Read more...]