More Ways to Get Gifts!

Great news for potential homebuyers! Fannie Mae and Freddie Mac have both updated their guidelines regarding gift funds given towards the purchase of a home. Fannie Mae and Freddie Mac perform an important role in the nation’s housing finance system – to provide liquidity, stability and affordability to the mortgage market – and they are doing just that with this update.
  • Fannie Mae will now accept gifts from former relatives, godparents, and relatives of a domestic partner.
  • Freddie Mac is now permitting graduation gifts from unrelated persons.
This will support expanding access to credit for first-time homebuyers! Find a local lender near you at today for more information!

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