Getting a Gift for A Mortgage Loan Approval?

Gift Comparison - Eligible Gift Donor vs. Ineligible Gift Donor



1. FHA Definition of a Family Member and USDA definition of a Relative is:
child, parent, or grandparent;
a child is defined as a son, stepson, daughter, or stepdaughter;
a parent or grandparent includes a step-parent/grandparent or foster parent/grandparent;
spouse or domestic partner;
legally adopted son or daughter, including a child who is placed with the Borrower by an authorized agency for legal adoption; foster child;brother, stepbrother; sister, stepsister; uncle; aunt; or
son-in-law, daughter-in-law, father-in-law, mother-in-law, brother-in-law, or sister-in-law of the Borrower.