This is our policy for FHA:
The best way to avoid the donors bank statement is to: 1) provide a copy of the canceled check or withdrawal document showing the withdrawal is from the donor's personal account, and 2) the homebuyer's/borrowers deposit slip or borrowers bank statement showing the deposit received or proof deposited directly to escrow. Note that the donorâ€™s statement is not required and the funds must be in the borrowers account at the time of underwriting not at closing.
*Tip: The easiest way would be to have the donor wire or provide a cashierâ€™s check for gift funds and directly deposit it into escrow. In addition if you can create a clear picture on the transferring of gift funds the easier this condition will be to address.
Best of luck to you and your daughter!
Licensed Ohio Mortgage Loan Originator
** Licensing and contact information located in my profile.
Best of Luck!