FHA Loans Allow Mom & Dad to Help

Do Mom & Dad have cash to help you with your home purchase? If so, FHA loans might be the way to go.

FHA loans allow gifts for the entire down payment and closing costs, while only 6 percent of closing costs for conventional loans can be treated as a gift. Families are avoiding the required paperwork by turning over the money months before the home purchase, so it can be considered the buyers' own.

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