You’re looking to buy a home, but the down payment is high and you need some help. Don’t hesitate to ask. Yes, you may be able to get gift funds toward a down payment on your future home from a family member or friend. That means less stress and more support going through the home buying process.
How do you use gift funds? And what’s involved in the process?
That gift that keeps giving
When you think of gifting funds, FHA and Conventional loans tend to be loans popular for including this type of help since they are not typically 100% financing, aka no down payment* loan programs.