Can I use gift funds for a down payment?

Yes. On FHA loans your entire down payment can be a gift from a family member, and conventional loans allow gift funds for primary residences as well. The money must be a true gift with no repayment expected.

You'll need a signed gift letter stating the donor's relationship, the amount, and that repayment isn't required, plus a paper trail showing the funds leaving the donor's account and landing in yours. We give you the exact letter and documentation steps so the gift clears underwriting without delays.

Related Down Payment Questions