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Gift Funds · FHA

Gift Funds FHA Loan

Family can gift your down payment — here are the rules that keep it clean.

Down Payment
Up to 100% gift
Donor
Family (most loans)
Required
Signed gift letter
Paper Trail
Yes
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NMLS# 1859012 · Equal Housing Lender
Gift Funds · FHA

Gift Funds FHA Loan in Florida

On an FHA loan, gift funds works within FHA's 3.5% minimum and flexible 580-score guidelines. FHA carries an upfront and monthly mortgage insurance premium, but it forgives thinner credit and higher debt than conventional — and it pairs cleanly with Florida assistance to cover the cash.

Gift funds let a family member cover part or all of your down payment, and most loan programs allow it. The key is documenting the gift correctly so underwriting accepts it without delay.

On a conventional loan for a primary residence, your entire down payment can come from an eligible gift. FHA allows gifts too. What underwriters need is a signed gift letter stating the money is a gift with no repayment expected, plus a paper trail showing the funds moving from the donor to you.

The most common slip-ups are cash deposits with no source and last-minute transfers that cannot be traced. We tell you exactly how to document the gift — and when to move it — so it does not stall your closing.

Gift Funds at a Glance

✓Eligible family gifts can fund your entire down payment.
✓A signed gift letter confirms there is no repayment.
✓Underwriters need a clear paper trail for the funds.
✓Avoid undocumented cash deposits before applying.

Read the full gift funds guide, or compare other loan types: Conventional · First-Time Buyers · Florida.

Gift Funds Snapshot
Up to 100% giftDown Payment
Family (most loans)Donor
Signed gift letterRequired
YesPaper Trail
How It Works
01
Apply Online
5 min · soft credit pull only
02
Match Program
We shop lenders + assistance
03
Processing
Our team handles paperwork
04
Close
Typically 14–21 days
FAQ

Gift Funds FHA Loan Questions

Does gift funds work with an FHA loan in Florida?

Yes. FHA's 3.5% minimum and forgiving credit rules make it a natural fit, and gift funds stacks with Florida Hometown Heroes to lower your cash to close. We confirm the FHA numbers against your file before you apply.

Who can give me gift funds for a down payment?

On most loans, gifts must come from a relative — parents, grandparents, siblings, or a spouse or partner. FHA also allows gifts from close friends with a clear relationship and from certain assistance programs. We confirm who qualifies for your specific loan.

Do I pay taxes on down payment gift funds?

You, the recipient, do not owe tax on a gift. The donor may have gift-tax reporting if the amount exceeds the annual exclusion, but that is their filing, not yours, and tax often is not owed. Confirm specifics with a tax advisor; we handle the lending side.

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Gift Funds GuideGift Funds · ConventionalGift Funds · First-Time BuyersGift Funds · FloridaAll Down Payment OptionsApply for Pre-Approval

Gift Funds FHA Loan?

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Figures are illustrative only and based on a sample purchase price. APR, payments, and assistance amounts vary by credit score, loan amount, income, and market conditions. Subject to credit approval. Not a commitment to lend. NMLS# 1859012. Equal Housing Lender.