Lake Ray Hubbard Life: "I DO", FHA Gift Registry

"I DO", FHA Gift Registry

Forget Macy's and Crate & Barrel. Set up your bridal registry at the bank, that's right at the BANK and use the funds for the FHA Down Payment on a HOME. This could be perfect for people getting married who already have their household items and really need help getting into a home. It is available for other situations where gifts are typically received by individuals, like graduation from college or birthdays!

FHA has had this little known program that allows cash gifts since 1996. It's not difficult to set up and it's available with any FHA lender.

  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" or "gift registry"
  3. Friends and family are given account deposit information
Gift registries are commonplace and really benefit both the giver and recipient. Etiquette websites like Emily Post state that alternative registries are acceptable. Couples are now suggesting to friends and family that they want help with their honeymoon, education or furnishing a home.

Let me know if you'd like to talk with a Mortgage Specialist to get started on your FHA Gift Registry or to get Pre Approved for buying a home, I'd be happy to recommend someone for you!

Samantha Smith

Sam I Am

REALTOR - d+b Real Estate

214-422-0729 Cell

972-852-9713 Fax 

Comment balloon 6 commentsSamantha Smith • July 18 2011 09:56AM


Great post, Samantha,  and you're right. Not too many agents OR loan officers know about this.

Posted by Peggy Wilson, Michigan Mortgage Pro (Huron Valley Financial, Inc.) over 7 years ago

This is a great program for young people starting out Samantha, thanks for the reminder.

Posted by Al Raymondi, Ormond By The Sea Florida - Home and Condo Sales (Ocean View Realty Group in Ormond By The Sea Florida) over 7 years ago

It really is a terrific program! Who wants a new toaster when you can have a nice, beautiful home!

Posted by Gina Tufano, Ask Gina & Company, Northern Virginia Real Estate (Ask Gina & Company with Pearson Smith Realty) over 7 years ago

You bet! I wish I had known about this program when I was getting hitched :) But love the idea for anyone getting ready to buy ... ask for Christmas & Birthday and before you know it, bam you've got your down payment!

Posted by Samantha Smith, Sam I Am Houses, d+b Real Estate, Lake Ray Hubbard (214.422.0729 over 7 years ago

This is news to me but what a terrific idea! I wasn't aware this program existed.

Posted by Mike Mayer (Mike Mayer, Broker/Owner - i List For Less Realty, LLC) over 7 years ago

Yeah ... it's been around for a while but now the idea is to set up a bank account where people can deposit money in there contributing to the "GIFT" money that FHA Loans accept. Fabulously Awesome! Talk to your prefered mortgage lender for more info on it :)

Posted by Samantha Smith, Sam I Am Houses, d+b Real Estate, Lake Ray Hubbard (214.422.0729 over 7 years ago

This blog does not allow anonymous comments