How much money can be gifted for a mortgage?
How much of a home down payment can be gifted? For both conventional and FHA loans, the total amount of the down payment can be gifted, in most cases. FHA loans require a minimum of 3.5 percent down with credit scores greater than or equal to 580. For credit scores between 570 and 500, FHA requires 10 percent down. How much can someone gift you for a house? There are no limits on the amount someone can give you for a mortgage down payment or closing costs.