I agree with Anna about checking with an accountant to see if you would have to pay any penalties since the home is not for yourself.
As an agent whose office is in Frederick, where it has been for the past 19 years, I would be happy to help you and your wife or ex-wife. I have extensive connections with attorneys and lenders with many years of experience in the Frederick area. I have no doubt we can help you.
Feel free to send an email or give me a call. Best regards.
Have she talk to a lender for other things to be met? It starts from a good credit. Assuming she has a good job and mortgage is affordable to her. Like what Robin says. "a gift must be from a blood related or spouse." We'll if you're divorce she is no longer your spouse I guess...
The best advice and help is a lender. Here's one that would help at no cost. Patricia Arnold 301-609-9000. Mention Tess she knows me.
Also, all of this concerns; you can be guided by a REALTOR. why not hire one. If she wants to buy let her call me. I don't charge anything but to provide you with answer the best I can. If I don't have the answer at that moment I'll find it somewhere else. No bother an e-mail can be a GREAT way to communicate.
Tess 301-659-5700 or http://www.RealTess.c21nm.com or Tess357@mris.com
Don't mind the "357" that's my late Dad's # that I have to keep.
That should not be a problem at all. What she would have to do get a gift letter for the lender stating you will be providing the funds. I am a realtor licensed in Md. And Pa. If I can be of any assistance to get you/her going in the right direction please give me a call. Best of luck.