HOME BUYING
FREQUENTLY ASKED
QUESTIONS

Can I be gifted funds for my home purchase?

Yes. With today’s home prices it’s common for first time home buyers to be gifted funds to be used for a purchase of a home. If the gifted funds are being used as a downpayment for a home, a lender will often require a gift letter from the person gifting the funds. If you have a family member looking to gift you funds for your down payment, just make sure they have included a signed letter stating:

  • The amount of the funds

  • The person gifting the funds

  • The recipient of the funds

  • Verbiage stating the funds are a gift to be used for the purchase of a home

To schedule a free buyer’s consultation, please contact us at (626)995-0869 ext 101 or complete the form below.

What People Say About Our Home Buying Service

★★★★★

“Adam is our favorite realtor. He is professional, knowledgeable, reliable, trustworthy and pleasant to work with. He always makes himself available and spent extra time looking through inspection reports with us and helped us resolve all issues we had during the transaction. When it comes to providing comps analyses, Adam knows the market really well and his comps are the most accurate ones comparing to other realtors. He also has lots of patience with picky buyers like us, and we are so glad that he never gave up on us. Adam will be our first choice when it comes to real estate service in the near future. 100% recommended!”
- Kathleen Yu (Home Buyer - South Pasadena, California)