Size restrictions: NO; borrower can receive entire down payment as a gift. (centralcoastlending.com)
In this instance, you can use a cash gift for the entire down payment as long you're putting down 20 % or more and there is no payback provision. (pennymacusa.com)
Fannie has made one positive change, however — it does allow you to use gift funds as your entire down payment. (fhaloanpros.com)