Can you use gift funds toward your down payment in Houston?
Written by the Warens Financial Group education team · Reviewed by Franklin Warens, Mortgage Broker, NMLS #1249423
Generally yes. FHA, VA, and many conventional loan programs allow gift funds from an eligible donor, such as a family member, to count toward some or all of the down payment, usually documented with a gift letter and a paper trail of the transfer.
Exact rules on who can give the gift and how much of the down payment it can cover vary by loan program and lender, so your loan officer will tell you which documents to collect before the funds move. Gift funds can often be combined with a down payment assistance program as well.
This answer is part of our guide How Much Down Payment Do You Need to Buy a House in Houston?.
Keep reading
- Full guide: down payment assistance programs Houston buyers can use
- Full guide: how much down payment do you need in Houston
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Educational content only; not financial, legal, or tax advice, a commitment to lend, or an offer of credit. Program requirements vary by lender and change over time; eligibility depends on your full financial profile. Warens Financial Group, NMLS #2532048. Franklin Warens, Mortgage Broker, NMLS #1249423. Equal Housing Opportunity.
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