Can fiance gift down payment money for FHA loan?

Can I give my fiance any money for the down payment on an FHA loan? I’m not on the mortgage/loan application. We’ve been together for 5 & 1/2 years, lived together for 3 &1/2 years (documented), and he is on my health insurance as we signed an affidavit of domestic partnership. We meet all legal requirement for common law spouse except that we have NOT "declared/introduced each other as husband/wife" to anyone.

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This entry was posted on Thursday, October 8th, 2009 at 6:38 pm and is filed under FHA Requirements. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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One Response to “Can fiance gift down payment money for FHA loan?”

bbbbbbbbbbbb says:

October 8, 2009 at 6:38 pm

Yes you can. You will have to sign a "gift letter" stating that the money is a gift and not a loan.

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