The U.S. Food and Drug Administration (FDA) is strengthening an existing label warning that non-aspirin nonsteroidal anti-inflammatory drugs (NSAIDs) increase the chance of a heart attack or stroke.
Not everyone receiving a cash gifts want to make a 20% downpayment, though. Cash gifts are also allowed for low-downpayment mortgages including the FHA purchase mortgage, which requires a 3.5% downpayment; and the Conventional 97 mortgage from Fannie Mae and Freddie Mac which requires just 3% down.
Low Down Payment. FHA loans require as little as 3.5% of the loan as a down payment. 100% Gift Funds Allowable. Your entire 3.5% down payment can be a gift from parents, relatives or an employer. Lower Closing Costs. FHA loans allow sellers to give up to 6% of a home's purchase price to an FHA buyer to pay for loan closing costs.