Can a Family Member Help You Buy a Home? Here's How Gift Funds Work
8 Jul 2026 · 0 min
0:25
In this brief informational video, the speaker explains that a family member can assist a homebuyer by providing a monetary gift, which is defined as money given for the purchase with no expectation of repayment. The video outlines that many loan programs accept such gift funds when they are sent directly to escrow, often requiring only a signed gift letter. However, the speaker notes that some loan programs may demand additional documentation beyond the gift letter. Viewers are encouraged to contact their lender to determine the specific requirements for their loan program before using gift funds.
