Extremely large deposit

Home Forums Purchase Program Extremely large deposit

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #70296
    bigapplelove
    Participant

    I was gifted 25k from my grandfather. It’s exactly 50% of my salary. He wants to wire it into my account.

    No we do not need the money. As we already have a decent saving and we have no issues with our payment shock. My grandfather was saving this amount specifically for me since I was born. He knows we’re buying a house and he thought it was a great time to send it. Would this be an issue with NACA?

    #70298
    Nelsont
    Member

    If you don’t need it to buy the house you want then wait until after you buy the house. Otherwise a LOE should be fine.

Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Follow us on Facebook RSS Feed Follow us on Twitter