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Okay this hangout is now live this is mike dura the kingwood mortgage guy I operate in the northeast part of houston texas but I'm license to do loans all over the state of Texas and the purpose of this particular hangout is to explain in detail what the rules are for using gifts when you're my home and it's particularly for the first time home buyers but probably even more importantly it is for the gift doors or most cases the parents or the grandparents or the uncles my answer the sisters and brothers anybody that is willing to give their family member a gift and we'll go through a couple points about does it have to necessarily be a family member well maybe not there are some options but i would say that ninety-five percent of the time that it is the gift is usually given by a family member okay so let's see if I can figure out how to show my screen I think I've got it here okay so I give funds making sure the process for making the gift funds done properly that's the premise of it and again my name is Mike der I want to make want to make sure that you understand that I am licensed by the state of Texas and the nmls which is the governing body for mortgage entities I work for nations reliable ending and we are an equal housing opportunity company and of course I want to make sure you write down my phone number that's a big deal so here's what the deal is who can give you a gift family member it's proof is easy to verify parents siblings uncles aunts grandparents getting married your fiance can give you a gift that happens a lot a close friend this is a little bit of a hassle because you have to prove that the person has been a longtime friend but we've done that to unmarried partners can give a gift and borrowers employers this happens all the time particularly helpful in a lot of times the company will do this if they're relocating you and then finally a labor union even the labor unions aren't prevalent in our area they are also qualified to give you gifts and so that is who can give it to you but I will tell you that most people it's family members it's this group right up here all right who can give you a gift let's see I just did that wanting to get well the seller of the property you're buying from can't give you a gift pretty much anybody that's involved in the home purchase can't give you a gift or can't do anything that would be considered an inducement to buy so the lender if it's elevated affiliated with the property can't do that and no one who will gain by the sale of the property can be a donor so that rules.