Note that if you are receiving multiple cash gifts for down payment, you should follow this process for each gift independently. (themortgagereports.com)
You can receive cash gifts from your relatives or friends for which you don't have to pay any tax. (policybazaar.com)
Also, if you receive cash gifts, you may apply it towards the payment of your tuition fee instead of spending the money on frivolous things. (myfinancekits.com)