FHA Gift Funds: Guidelines and Eligible Donors
It's possible to receive gift funds that would cover your entire FHA down payment, but you must follow guidelines, especially ones about acceptable donors.
Nathan Golden has written about credit cards, insurance, and mortgages for sites such as Money.com, MillennialMoney.com, and Finder.com. Nathan enjoys making the nuances of financial products accessible to readers. He earned bachelor’s degrees in journalism and history along with a Master of Fine Arts in creative writing from the University of North Carolina at Greensboro.
It's possible to receive gift funds that would cover your entire FHA down payment, but you must follow guidelines, especially ones about acceptable donors.
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