Finance
A NH buyer who receives a gift for a down payment must provide the lender with:
ANothing — gifts are always accepted without documentation
BA signed gift letter from the donor stating the funds are a gift with no repayment obligation✓ Correct
COnly the donor's bank statement
DA promissory note for the gift amount
Explanation
Lenders require a gift letter signed by the donor confirming the funds are a gift (not a loan), stating the amount, source, and that no repayment is expected. This is required for FHA, VA, USDA, and conventional loans.
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