Did you know that FHA loan programs enable a couple getting married to receive gift funds through bridal registry set up specifically for FHA home financing? So that means instead of family and friends buying you plates and dishes that you do not want, they can invest in your home. The Bridal Registry Account allows couples who are getting married to open a bridal registry savings account with a HUD approved FHA mortgage lending institution. Now wedding guests can deposit money as wedding gifts directly into the interest-bearing account that will be applied to the down-payment of your home.
FHA home purchase loans only require 3% down-payments so if all goes well, you will be able buy your 1st home by the time you get back from your honey moon. FHA home loans provide many benefits, like low fixed mortgage rates and the ability to do a FHA streamline refinance any time the interest rates drop.
