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Using “Realtor Commission” As Gift for Down Payment

Realtors writing offers for relatives can credit their commissions as “gifts” for down payments. We have a pre-approved borrower right now with limited down payment funds. Her daughter is a Realtor, however, and she is going to “gift” her commission to her Mother to be used towards most of the FHA down payment.

Realtors can also use their commissions for credits for closing costs (for any of their clients, whether they are relatives or not).

Note: JVM does not volunteer any of this information to borrowers without first discussing it with Realtors. We are careful to not presumptuously offer away hard-earned commissions to borrowers unless it is the Realtor’s idea.

Jay Voorhees
Founder/Broker | JVM Lending
(855) 855-4491 | DRE# 01524255, NMLS# 335646