Does a mortgage lender check the bank account of gift for down payment?
Hello.
My husband and I are buying a home soon.
Our money is split between our accounts.
The loan is going into my name only. He will not be on the financing.
He will need to give me around 80k. I assume this counts as a "gift" for downpayment.
My question is, do they check his bank account also when he has to give the gift for down payment?
I only ask cause he is about to make a large purchase of over 14K for vacation property ( in his name only from his own bank account )
Wondering if that will be a problem
Thanks!