Aborrower is using a gift to fund part of his home purchase. what criteria for the gift holds the most weight in the lender’s eyes?

The gift's credibility such that it has been backed by a letter which has been signed by the donor. This letter on the other hand should also be backed by the bank statements of the donor.

Explanation:

Buying a home is not that easy, unless you have a lot of money to cash out. For most people, they need to find some ways to make the purchase easier and one of these is through a "cash gift." There are actually many guidelines required by lenders before they can allow you to use gift as a down payment for funds. For example, the gift should come from family members or from those a person marries.

For a lender, there are many criteria to consider. One of the most valuable is the credibility of the gift that it will be backed by a letter which has been signed by the donor and the benefactor. The lender wants to make sure that it is, indeed, a gift and not a loan. The donor's bank statement should also be evident.

the first question's answer is a.