Answers by Blossom Vernon

Best Way to Get a Gift for a Home Purchase Ask a Close Family Member (parents are number one on the list Have Them Transfer the Funds Officially → check or wire, no cash. Sign a Gift Letter → it states the money is a gift, not a loan. Provide Bank Proof → so the lender sees where it came from. Who’s #1 to Gift? Parents are the top, easiest, and most accepted source of a down payment gift. After that, it can be grandparents, siblings, or sometimes very close relatives/friends (depending on loan type)​.​ Bottom line: Ask mom or dad first​, Siblings are next in line —they’re the cleanest source and lenders love it.​