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.
For example, a buyer with full VA loan entitlement wanting a $653,100 home in a regular-cost county would need a $50,000 down payment [($653,100 â 453,100 = $200,000) x 25 percent]. This example purchase comes with an 8 percent down payment.