My downpayment is actually a personal loan from my aunt. Do I need to disclose that?

So, here's where it gets a little tricky. If you have arranged a formal loan, signed a promissory note, then you have a loan and not disclosing it would be a form of fraud. The lender is going to ask where it came from, and if you call it a gift, they will require the gift giver to sign a Gift Letter. When repayment is expected (a loan), signing a gift letter IS fraud. Loans ARE permissible, but the monthly payment must be included in your debt servicing ratio, so you want to make sure the payment doesn't push your DTI over the acceptable limits. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ At NEXA, we've got you covered. We are licensed in all states except MA and NY and we're pending approval in VA. ~ www.ApplyYes.com 480-889-9000.