DYK – For FHA, when you have a Gift of Equity, there is an automatic identity of interest as only “family” may give a Gift of Equity. You will need to document the identity of interest appropriately or your LTV will be limited to 85%.
DYK – For FHA, when you have a Gift of Equity, there is an automatic identity of interest as only “family” may give a Gift of Equity. You will need to document the identity of interest appropriately or your LTV will be limited to 85%.