Can I Use a Gift for my down payment?

Can I use a gift for my down payment?

We offer two programs that allow you to use gifts as your down payment. The most popular program for this tactic is the Federal Housing Administration (FHA) which allows 100% sourced gift funds for your down payment. The gift can be from any relative or can be collected through any source able channel like : Bank transfer, wire, even new innovative programs, like the Bridal Registry where couples receive money into an account that can be used for the down payment.

The other program is our in house Gift Down Payment program that allows a down payment from any party not related to the transaction to donate funds to borrower.

Loans and gifts can help with your down payment, but you can not use this strategy for all loan programs. Call 877-410-6663 for more information.