"I DO" Want a Home

I just made a new discovery, and it isn't even new.  Been around since 1996.

 

Forget about Macy's and Crate & Barrel.  Set up you bridal registry at the bank and use the funds for the FHA down payment on a home.  If you are a buyer who has been living on your own for a while, you may have all the pots, pans, dishes and glasses you need packed away waiting for a home to buy. 

 

This is a little known program that allows cash gifts to be put into the bridal registry.

 

Here is how it works,

1).  Inform your mortgage professional early of your intention to obtain all or part of your down payment from gifts to the FHA homeowner bridal registry.

2).  Open a savings account at your bank named "bridal Registry account"

3).  Friends and family are given account deposit information

Sellers , builders, realestate agents or anyone with a financial interest are restricted from making a gift contribution.  It is not difficult to set it up and it is available with any FHA Lender.

Call me to get more info about this "Secret" place to find money for a down payment. If marriage is in the near future for you, owning a home will not be far behind.

Posted via email from realestaterealities posterous