For a conventional loan, does a down payment gift have to come from a family member?

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Your family member must write a letter saying it’s a gift and does not need to be repaid. Your lender will ask you for it.

Or you can get the funds and leave it in your account for at least 2 bank statements so it’s seasoned

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Can the funds come from a friend or does it have to be a family member?

No, as long as you have a letter from the giver stating it’s a gift.

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