Do you recommend accepting a down payment gift from a family member?

Sounds like a question for Dear Abby... Sorry.. I cant help... if you have a mortgage related question, I would be happy to answer it for you..... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

That is really a personal decision between you two. It is allowed though for financing.

If you are willing to accept the perceived social obligation, accept the gift graciously.

That is more of a personal questions that a mortgage broker might not be able to help you on - it all depends on your relationship with your Aunt. If you think she will expect you to make it up to her or you fear that it may ruin your relationship in the future, you may want to consider other ways to come up the payment. If you do choose to accept the gift, you will have to provide a gift letter to prove that the money is a gift and will not need to be paid back. This letter will have to be signed by both you and your Aunt.

I would initiate a full review with a licensed loan originator first. You clearly sound hesitant to the idea and perhaps you should evaluate all potential options of making a go of it on your own. There are 100% Programs that can often get you closed with very little out of pocket. Acceptance Capital Mortgage is licensed in ID, so feel free to contact me to get started. jbodway@acceptancecapital.com

If the money is coming as a true gift and no responsabilty to repay - I say take it.

Gifts are normal and a good way to start home ownership. Kenneth Dunn 208-228-5663 nmls22644 950 W Bannock St Boise Id 83702 nmls966573 Call me on my cell with a quick question. Ken.

personal decision!

Just make sure it's a gift and get in writing.