Can I use gift funds as a down payment?

Yes, you can put gift money for downpayment, but you have to show your credit history & good income proof to lender.

Thanks.

much more to add: with fha loans, for example, all of your down payment can be gifted (from a family member, fiancee, etc.).

with conventional loans, gifts are restricted and most down payment money must be your own.

and that's just the tip of the iceberg.

see some more information here

http://www.mortgagefit.com/gift-letter-1.html

hi,
Yes ofcouse you can use gift funds for downpayment but you need good credit score and history to show the lender then you are qualify for loan,

regards

stev