VA Gift

Updated: 02/01/2018
Article #: 38


 


Per VA they do not have a policy on acceptable gift donors & we would follow our own internal policy.  We will defer to FHA guidelines since they are also a government entity & say that yes as long as we have a letter from the gift donor explaining their vested relationship with the brrw & as long as it makes sense.  Gift would be documented the same on VA as it would on FHA including proof of donors ability, copy of cancelled check & proof of receipt into brrws account.

 

Original question:
For VA, can a girlfriend gift funds or does it have to be a relative?  If so, what additional documentation would be needed to document the relationship?

 

 








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