There are a number of easier ways to aid buyers in becoming homeowners. Here is one good suggestion…If you are going with an FHA loan, Your down payment will be 3.5 % of the sale price. FHA is accepting money given to a buyer through a gift. As long as you provide where the money came from. The lender needs to verify this, so it’s a good idea to sign up for this ahead of time.
Since very unique registries are becoming the norm these days. A person can sign up to receive gifts that range from honeymoon funds, charitable donations, cooking classes, and yes even the down payment of a home. The gift giver is at ease knowing it will be put to good use. And to the home buyer, they just might appreciate it more than your typical toaster.
Let me know if you are needing help with a down payment, we can come up with a creative solution.
All you have to do is ask and the worst thing they can say is no.