Gift money from grandparents

michael

TREF Member
Jul 1, 2012
3
0
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#1
How does a gift work with the banks?
Wife's Nana wants to help out, and will give us enough to take us to 20% down. How do we use that money without having loan problems? This is our first house & we dont want to screw it up.
We have good enough credit it would be nice not to have to go FHA