u/Aditya0928

Fannie Mae Gift Question

Hi, Loan amount $807k (LTV 75%), down payment $269k (25%). Borrower will need a gift of about 60k from a friend to make the 25% down payment.

My understanding is that Fannie allows only gifts from family. Is there a work around this scenario? This particular loan program requires a 25% down payment, so there is no option of less than 25% down payment.

Please advise. Many thanks!

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u/Aditya0928 — 5 days ago
▲ 2 r/mysore

Hello All, Has anyone worked with Hanu Reddy Real Estate on any real estate transactions? What was your experience? Would love to get feedback. Thank you.

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u/Aditya0928 — 19 days ago
▲ 3 r/IndiaInfrastructure+1 crossposts

Hello, I own a 3BHK flat in Mysore (Brigade Symphony) which I am looking to sell. Any recommendations for a reliable real estate agent to work with? Open to working directly with buyers too.

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u/Aditya0928 — 19 days ago