Whatâ€™s on YOUR Bridal Registry? How About a HOME?!
Sure, itâ€™s fun to go to Williams-Sonoma and register for Riedel wine glasses and that beautiful All-Clad
cookware, but you know what is more fun? Registering for a place to
actually PUT them! Thatâ€™s right, instead of asking for yet another
picture frame, you can have an FHA Bridal Registry that helps you with the down payment of a new home!
It works like this:
*The couple must sign up/register for an interest bearing savings account with a lender supervised by a state of federal agency
*The couple informs their friends and family of the registry and they in
turn make gift payments into the account (No interested parties of the
transaction, such as real estate agents, may make a donation)
*The accumulated money is then used towards the 3.5% down payment needed for an FHA loan.
Itâ€™s that simple!
(info courtesy of Gina Tufano, Keller Williams)
Looking for YOUR dream home - contact Selling Homes by Design
(Sharon Goetz - Keller Williams, Reston VA) today for your free no-obligation consultation!