Blessed with a Gift of Equity? Know these loan-specific pitfalls before you get started.
Gifts of Equity need to come from family.. even though a friend or employer can give other gifts when buying a home. There are also other idiosyncrasies for FHA, Conventional and VA when using gifts of equity. If you are looking to buy a home from a family member, make sure you are working with a lender who understands the pitfalls.
Real Estate financing in a way that builds long term wealth is what our team does best! Want to learn more about how to utilize real estate in your investment plan? Give me a call today to get started! We want your success as much as you do!