That full amount can be gifted, but the FHA requires a gift letter and supporting documents. VA loans: Mortgages guaranteed by the U.S. Department of Veterans Affairs (VA) require no down payment ...

Additionally, certain loan programs, such as FHA loans, have their own rules ... One of the primary documents you’ll need is a gift letter. This letter serves as a formal declaration that ...

FHA loans require a minimum 3.5 percent down payment for borrowers with a credit score of 580 or more. Borrowers with a credit score of 500 to 579 must put at least 10 percent down. Along with your ...