MPF Traditional – Personal Gifts Policy Update
Effective Date: Immediately (unless otherwise noted within)
The following updates have been made to the MPF Traditional Selling Guide:
- Updated personal gifts and gifts of equity policy to allow the seller of the subject property to be eligible as an acceptable donor provided they are not affiliated with another interested party to the transaction.
- Additionally, expanded the policy to allow gift funds to be sourced from an estate of an acceptable donor or a trust established by an acceptable donor.
For additional information see MPF Traditional Selling Guide Section 5.9.4 Personal Gifts.
- MPF Announcement 2023-90