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FHAs required down payment is 3. 5 percent when purchasing a single family home, condo or duplex. If you are purchasing a multi-family building, FHA requires at least five ace cash advance greenville sc down. Gifts. FHA is fairly flexible with gifts for down payments and closing costs. They are, however, very strict about the source of the gift funds.

Under no circumstance may the gift funds come from any one person involved in the sale or purchase of your future home. Acceptable sources for gifts: Relatives Employer Close family friend Agency sponsored homeowner assistance programs.

Ace cash advance greenville sc

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Ace cash advance greenville sc