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Of the gift (otherwise known as source of funds) so it is very important that you review and fully understand the requirements presented below. Furthermore, gift funds must be received from a relative, not a friend or acquaintance. There may be times when a close family friend or fianc is allowed to provide a gift so please be sure to discuss this with your loan officer if applicable. Please note that the required documentation will differ depending on whether you have already received the gi.

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