Just got engaged?

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Did you know that FHA allows couples to set up a “Bridal Registry Account” if they are planning on getting married soon and want to accumulate funds for their down payment to buy a home? This is a great way for “married-to-be” couples to come up with their down payment to buy a home.

Just like registering at Target or Pottery Barn, the FHA Bridal Registry program allows you to register a down payment account. Then, your friends and family are able to make gift payments into an interest bearing account on your behalf.

Not only can your gifts earn interest, but they can be used as a down payment towards an FHA Loan.

Here’s how it works:
-Open a savings account at your bank prior to the wedding.
-Give Friends and Family the banking information where the gifts will be deposited.
-The gift funds can go towards the FHA required 3.5% down payment.
-There is no requirement that you be married prior to closing on your new home.

One last advantage is that there are NO gift letters or other documentation required other than proof of your savings account named “bridal registry account.” It’s that simple.

Call us today so we can get you preapproved for your FHA loan 770.924.1111.