Down Payment Gifts
The down payment can be 100% gift funds. This is one of the key benefits to the FHA
program.
Verification of the source of gift money is not required. However, it is necessary that
the gift funds be deposited in the borrower's bank or savings account, or in an escrow
account, prior to underwriting approval. Proof of deposit is required.
Gift donors are restricted primarily to a relative of the borrower. They can also be
certain organizations, such as a labor union or charitable organization. Contact your
local branch for complete information. |
FHA Loans
FHA Mortgage Insurance
FHA Streamline Refinance
Down Payment Gifts
Bridal Registry Account
Bankruptcy and Foreclosure
Refunds Ready on FHA Loans
Single Family Home Program
Single Family Rehab Program
Title I Improvement Loan
Energy Efficient Mortgages
Reverse Mortgage Program |
