FHA Gift Donor Guideline change 

Great news for FHA loan applicants! 🎉 HUD has recently updated their guidelines, making it easier for families to help out with down payments. Now, gift donors no longer need to provide a bank or asset statement to source the funds for the gift. 🙌 This change means less intrusion into the financial privacy of your generous relatives. This is a big win for everyone involved in the home buying process!
If you have any questions about this new guideline or how it impacts your FHA loan, feel free to reach out. I'm here to help you navigate every step of the way. 🏡
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