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Local: (623) 935-0200
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Talk to a Mortgage Consultant
Local: (623) 935-0200
Monday, July 14, 2025
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Down Payment Loans and Gifts

Loans and gifts can help with your down payment, but you can not use this strategy for all loan programs. The most popular program for this tactic is the Federal Housing Administration or FHA. FHA allows 100% gift funds for your down payment. The gift can be from any relative or can be collected through new innovative programs, like the Bridal Registry where couples receive money into an account that can be used for the down payment.

Another popular tactic, which can be used in a wider range of programs, is to borrow from your 401K program. If you have a 401K program with your employer, you can withdraw without a penalty for your down payment and pay it back over a specified period. There are some drawbacks, the payment will be used in qualifying and your 401K account will not continue to grow as fast. Even with these drawbacks, it is often a smart move if this is your only option.

You must be a minimum of 18 years old to enter information on this site.

You must be a minimum of 18 years old to enter information on this site.


2326 N 156th Drive, Goodyear, AZ 85395
Phone: (623) 935-0200  Email: allwestcapital@msn.com
License # MB-0907098 / NMLS # 143584


2326 N 156th Drive, Goodyear, AZ 85395
Phone: (623) 935-0200  Email: allwestcapital@msn.com
License # MB-0907098 / NMLS # 143584