"I Do" Want a Home

FHA Gift RegistryForget Macy’s and Crate & Barrel. Did you know you can set up your bridal registry 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 just need help buying a home.

This little-known program allowing cash gifts has been an option with FHA since 1996. Sellers, builders, real estate agents or anyone with a financial interest in the home purchase are restricted from making a gift contribution. It’s easy to set up and it’s available with any FHA lender. Start with these simple steps:


  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”.
  3. Friends and family are given account deposit information.

Gift registries are commonplace and really benefit both the giver and recipient. Even etiquette websites like Emily Post say 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.

Interestingly, this program is not limited to people intending to be married. It is available for other situations where gifts are typically received by individuals. Other occasions could include graduation from college or graduate school.

So before you decide you won’t be able to pursue your dream home, remember there are options to explore. You could be closer than you think.

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