Can I use gift money for a down payment?

Short answerYes on most primary-residence loans. FHA, VA, USDA and conventional loans allow gifts from family members with a signed gift letter and a paper trail showing the transfer. Investment property programs are more restrictive.

Reviewed by Juan Fernando Romero, NMLS 2557318Updated October 14, 2026

Related loan programs

Home loan

FHA Loans

An FHA loan is a government-insured mortgage that allows 3.5% down with a credit score of 580 or higher, or 10% down with a score from 500 to 579.

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Home loan

Conventional Loans

A conventional loan is a mortgage not insured by the government that follows Fannie Mae or Freddie Mac guidelines.