Asked by Cs, Tampa, FL • Wed Jan 20, 2010
Hello, my father is willing to give me the 20% down payment for the purchase of a condo. When I spoke to a loan officer earlier today to talk about pre-qualification, he mentioned I would need a gift letter along with proof that my father was able to afford to give me the down payment. My father is ok with signing a gift letter but is not comfortable providing bank statements or other proof. Do all lenders require this or are there some that will simply accept a gift letter?
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