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madisonmortgage
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Marked 9 months 2 weeks ago onto Mortgage

Source: https://www.madisonmortgageguys.com/fha-cash-gift-down-payment/

FHA Gift Funds

Having enough money saved to pay the down payment to buy a home isn't easy. If you have rent to pay, putting aside enough each month to buy a home is challenging. But when you use an FHA loan to buy your home, they allow gift funds that let your relatives help you with these expenses.

If you are looking to use gift money to buy a home, there are a few things you need to know about the process before you begin.

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