Down payment can be gift from a family member if you use an FHA loan
If a home buyer uses a FHA loan for their purchase of a home, all or part of the down payment can be a gift from a family member. FHA loans currently require just 3.5% down too.
Kevin Coyle
MBA, Associate Broker
Kevin@SLCHomeBuyer.com
801-243-0699 (Mobile)
Stonebrook Real Estate
Tags: Salt Lake City Real Estate education
This entry was posted
on Thursday, August 5th, 2010 at 11:19 am
and is filed under FHA Loans, Salt Lake City homes, Salt Lake City real estate, Salt Lake County homes and condos.
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