★★★★★
We were amazed at how quickly Troy closed our home loan. His speedy communication saved us so much time.
Willa Henderson
Fayetteville, NC
Mortgage Answers / Money to Get Started
Can I Combine Down Payment Assistance With Gift Money?
Compare the written rules, remaining costs and practical next steps.
Start here
The Short Answer
Sometimes. Both the mortgage and assistance program must allow the combination. The lender needs to verify the gift, the assistance and any money you must contribute yourself. A gift cannot secretly be a loan.
A family member wants to help
Check the donor and documents first.
Tell the lender about both sources before moving money. An acceptable donor, a gift letter and proof of transfer may be required. Assistance has its own written terms.
1. Tell the lender who is giving the money.
2. Ask for the required gift and transfer records.
3. Confirm the assistance program permits this combination.
The gift plus assistance looks sufficient
Check the remaining cash, not just the down payment.
One program allowing gifts does not mean every assistance offer allows the same combination. Ask what costs each source can cover and whether you still need your own money.
1. List the approved use for each funding source.
2. Add closing costs and any required personal contribution.
3. Keep moving costs and an emergency cushion separate.
The money must be paid back
Disclose it as borrowed money, not a gift.
Provide gift and assistance records through the lender's approved secure process. This educational page does not collect bank records, account numbers or identification documents.
1. Explain the repayment terms to the lender.
2. Ask whether that borrowing is permitted.
3. Do not sign a gift statement saying no repayment is expected when that is untrue.
Frequently Asked Questions
Can all the money come from gifts and assistance?
It depends on the mortgage, property and assistance rules. Some transactions require personal funds.
Should I transfer money before asking the lender?
Ask about the required records first so the source and transfer can be documented.
Can I keep the gift or assistance private from the lender?
No. Disclose the funding accurately and use the lender's secure process for records.