Your Friend's Gift Could Kill Your Loan

June 22, 2026

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David Ghazaryan

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TL;DR

When using gift funds for a mortgage down payment, understanding the rules is crucial for a smooth approval. Here is a brief overview:

FHA loans offer more flexibility, frequently permitting gifts from non-relatives like close friends, provided the long-standing relationship is well-documented.
Conventional loans are generally more restrictive, limiting gifts to family members. However, they make a significant exception for a fiancé or domestic partner.
Regardless of the loan type, proper documentation is essential. This includes a detailed gift letter and a clean, verifiable paper trail showing the transfer of funds.

Read the full blog article here: https://www.iqratemortgages.com/blog/can-a-non-relative-gift-my-down-payment-in-nevada

Video Transcript:

That gift money for your house can come from friends. I, David Ghazaryan, will structure your loan around these gifts. FHA loans allow friend gifts, but the relationship needs proof. The perfect gift letter from your friend makes it all work. Depositing cash breaks the paper trail, which kills the loan. My full analysis continues across platforms. See the links below.

Read Blog Here: https://www.iqratemortgages.com/blog/can-a-non-relative-gift-my-down-payment-in-nevada

David Ghazaryan

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