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.
This is for a mortgage with a 3.5 percent down payment. Ten percent down is required for applicants with scores between 500 and 579. Your down payment can come from your savings, a loan or a gift, but not from anyone who would directly benefit from the transaction, such as the seller, agent or lender.