The U.S. Food and Drug Administration (FDA) is strengthening an existing label warning that non-aspirin nonsteroidal anti-inflammatory drugs (NSAIDs) increase the chance of a heart attack or stroke.
Not everyone receiving a cash gifts want to make a 20% downpayment, though. Cash gifts are also allowed for low-downpayment mortgages including the FHA purchase mortgage, which requires a 3.5% downpayment; and the Conventional 97 mortgage from Fannie Mae and Freddie Mac which requires just 3% down.
One is the nature of the required FHA mortgage down payment or maximum financing available. Some assume there is a zero downpayment option, but that is not true. The borrower is required to make a minimum down payment on all new purchase FHA mortgage loans (3.5%). The maximum financing allowed would be 96.5%.