Fannie Mae homepath loan down payment?

I am wondering with a Fannie Mae homepath loan if you can have the down payment gifted by family member? Lender told us we would require 5% down payment to qualify for this loan but we told him before we would be getting gift from family. He didn't say whether this would be ok for this type of loan, he only... show more I am wondering with a Fannie Mae homepath loan if you can have the down payment gifted by family member? Lender told us we would require 5% down payment to qualify for this loan but we told him before we would be getting gift from family. He didn't say whether this would be ok for this type of loan, he only acknowledged it for FHA. So does anyone know if you can have the full 5% down payment and closing costs gifted from family for homepath loan? We have bank statement that shows gift funds and copy of the check. Family member agreed to signing a gift letter.
2 answers 2