How to use gift funds on a down payment

How to use gift funds on a down payment

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.

Continue reading How to use gift funds on a down payment at Movement Mortgage Blog.

About the authors

Looking to change the home buying process for the better, the Humes Team is here for all of your mortgage needs. No loan is too big or too small. We believe one should treat others as expected to be treated. We pride ourselves in honesty paired with communication to deliver A1 service with great results.

Meet the team

About Movement Mortgage

Movement has grown from a small team of 4 to over 4,000 employees with more than 500 locations across 46 states. Inc. Magazine recognized Movement Mortgage as the fastest-growing mortgage bank in the country.

Learn more about movement