Many loan programs allow gift funds from family members or approved sources. Documentation is required to show the money is a gift and not a loan. Gift funds can be used toward down payment and sometimes closing costs.
Can I use gift funds for my down payment?
July 24, 2026
From the blog
Learn more with articles from our blog.
Local Living
Why Knoxville Tennessee Is One of the Best College Football Towns in America
10-Year Treasury
The 3 Economic Indicators We Watch Every Week (And Why They Matter to Mortgage Rates)
Budgeting
6 Signs You’re Ready to Buy a Home (Not Just Financially)
Credit Score
What Do Mortgage Lenders Look At? 5 Things to Get in Order Before You Apply
When you're ready to buy.
1
Apply online
A local loan officer will review your information and give you an estimate of what you could spend on a home — without affecting your credit.
2
Get expert help
Ask about first-time homebuyer programs, down payment assistance, and other options you may not know you qualify for.
3
Find your home
Your local team stays with you at every step — answering questions and helping you land the right loan for your situation.