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(903) 312-0306

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support@withtufa.com


Frequently asked questions

Tufa BasicsGetting StartedInvestment ProcessFamily Roles & ParticipationYour MortgageFinancial & TaxAccessibility & LiquiditySecurity & OversightLegal & Professional StructureLife Changes & Special Cases

Tufa Basics

  • What is Tufa and how does it work?
  • What is a family investment in a home purchase?
  • How is this different from gifting money or cosigning on a mortgage?
  • Who owns the home if there is a family investment?
  • Does this affect the buyer's ability to get a mortgage?
  • Why would a family investment be better than giving a gift?

Getting Started

  • How do I get pre-qualified to make a family investment?
  • What information do I need to provide?
  • Can I use Tufa in any state?
  • Does my child need to have a home picked out before I start?
  • What happens after I get pre-qualified?

Investment Process

  • How does Tufa review and approve a home for investment?
  • What happens once my child's home is approved?
  • What is the lock-up period for investments?
  • How can I access or withdraw my investment?
  • What happens when the home sells?

Family Roles & Participation

  • What does the buyer do vs. what does the family investor do?
  • Can multiple family members invest in the same home?
  • What happens if my child doesn't end up buying a home?
  • Is the investment tied only to my child's home or part of a larger fund?

Your Mortgage

  • How does a family investment appear in a mortgage application?
  • Are mortgage rates affected by using Tufa?
  • Do lenders treat a family investment like a gift?
  • Which lenders work with Tufa?

Financial & Tax

  • Are there any tax benefits or implications for the family investor?
  • Is there still gift tax involved?
  • How do I report a family investment on my taxes?
  • What happens if the property value goes down?
  • How are returns or appreciation handled when the home sells?

Accessibility & Liquidity

  • How long do funds need to stay invested?
  • Can I withdraw my investment early?
  • How will liquidity work in the future with Tufa's secondary exchange?

Security & Oversight

  • How does Tufa protect my investment?
  • Where are invested funds held?
  • Who manages the fund and ensures compliance?
  • What happens if Tufa goes out of business?

Legal & Professional Structure

  • What kind of legal structure is used for family investments?
  • Who handles paperwork, escrow, and fund transfers?
  • How are ownership and returns documented?
  • Does my family need a lawyer or accountant to participate?

Life Changes & Special Cases

  • What happens if my child sells the home?
  • What if my child refinances or pays off the mortgage?
  • What happens if my child's financial situation changes?
  • Can a family investment be forgiven or converted into a gift?
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TufaLoans Inc dba Tufa
Provides mortgage brokerage services.

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