Using Gift Funds for a Kansas Down Payment

Kansas buyers frequently use gift funds from family for all or part of a down payment. Every major program allows it — with specific documentation rules.

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Quick answer

Kansas buyers frequently use gift funds from family for all or part of a down payment. Every major program allows it — with specific documentation rules.

What Kansas buyers in this situation should know

FHA, VA, USDA, and conventional loans all accept gift funds for the down payment, subject to program rules.
A gift letter is required, signed by the donor, stating: amount, donor’s relationship to you, that the funds are a gift (not a loan), and the donor’s contact information.
Source documentation: the donor typically must show the funds were in their account (bank statement) and a paper trail of the transfer to you.
Investment property loans generally do NOT accept gift funds. Primary residences do.
Plan ahead — gift paperwork is a common cause of delays. We send you the exact gift letter template with your pre-approval.

Next step

Scenarios get complicated. Start a pre-approval and Radley reviews your specific file, documents, and credit — personally. Or call (620) 860-4480 for a 15-minute no-credit-pull conversation.

Using Gift Funds for a Kansas Down Payment

What Kansas buyers in this situation should know

Next step

Every scenario is a real number — after a real pre-approval.