You may give a gift up to $10,000 with no consequences. If you would like to see the property, don't hesiate to ask me to show it to you.

Do you have a phone number where you may be reached? I may be reached @ 610-220-0443.

Bill

Efrian,

Most lenders prefer gifts to be from blood Family Members. The reason that lenders like family members is because they are less likely to ask for the money back. They want it to be a true gift and not a loan. You have to speak with your lender and see what their rules are about gifts.

Carly Ferrandino
Coldwell Banker Preferred
484-686-4303

Hi Efrain -
I can connect you with a loan officer that can take you through the steps of gifting the money to your boyfriend. Give me a call @ 215-680-3516 or via email lselverian@selverian.com and we can talk further.
Thanks
Laura

HI Efrain

You would need to speak to the lender, so they can tell you how to structure your gift for the 10,000.


I hope I've some help to you!

Hi Efrain,

One word: Don't. It sounds like you want to kind-of "be part owner" but you can't due to your financial situation, right? Giving him $10K as a gift doesn't solve that and is actually considered income to him. You could go under contract to buy an option that you can later exercise to buy into the home. Or later on when your finances are better you both can refinance with both of you, and then be half owner.

Thing is ... stuff happens. And people split up. More often than not. I'd say - just live together and contribute to living expenses, etc. Whatever is fair to both of you. If things go sour, then you just move out and the place is his without complications. If you two are really serious and stay together then you'll be able to do whatever in another year or two, etc.