Answer: [tweet-start]Fannie will allow a gift of equity from a relative for down payment and closing costs.[tweet-end] See rules below from Fannie Mae selling guide. It appears to show that this would be acceptable. Some lenders may overlay this Fannie Mae ability. Check around to make sure the lender you work for or use for […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.