Getting Married? Buy a House!

FHA offers a great way to build a down payment for your next new home.  Instead of registering for the typical blenders, pillows & luggage, register at your local lender's office! You can open a savings account, that can accrue interest, and allow friends & family to make deposits in to that account to accumulate a down payment for your home. In just a few simple steps, you can have your own Registry. 

1. Visit your local lender and become pre-approved.
2. Open a bank account and name it your Bridal Registry Account.
3. Give friends & family the information to deposit funds directly to your account, or you can always deposit checks in to the account yourself. 
4. Once you have the amount you need, buy your home!

You don't have to be a first time home buyer to use an FHA loan, and the credit requirements are a little less than conventional loans.  FHA requires 3.5% down, one of the lowest down payment programs available because the loan is backed by the US Government.  There has always been an allowance for someone to receive their down payment funds as a gift, as long as it came from an immediate family member but it required a few extra steps, one being a gift letter.  With this program, no gift letters from the givers are required, just a separate bank account titled Bridal Registry Account.  

What better way to get a couple started than cash towards their own home?