Does downpayment.gift produce or have donors fill a 'gift letter'?
No, not at the initial launch. This is something we are looking at providing in the future, based on mortgage partner feedback. The Freddie Mac guidelines do not require gift letters for wedding gifts. Gift letters in Agency and FHA guidelines w...
Do you have a SOC 2 compliance report?
Our bank requires a specific security audit like a SOC 2 compliance report or others. Do you have a SOC 2 compliance audit? No, not currently. (8/2020) These factors are important to us so I would recommend jumping on a call to review concerns ...
Fair Lending and Down Payment Registries
Are down payment registries a violation of fair lending? No. Down payment registries are permitted and encouraged by lending guidelines from the agencies, including Freddie Mac and FHA. FHA has promote Bridal Down Payment Gift Registries as fa...
