Basically, the financial institution need make sure the cash offered is truly a great gift rather than financing

Basically, the financial institution need make sure the cash offered is truly a great gift rather than financing

In some cases loan providers request lender statements — and other monetary documents such as a 401(k) membership statement within certain instance — to ensure the reason off fund on the provide

guaranty bank cash advance

The newest quick way to your question is you to definitely sure, you could render your wife funds from your 401(k) membership while the a gift into the down-payment on a house.

Read moreBasically, the financial institution need make sure the cash offered is truly a great gift rather than financing