Using Your Wedding Registry To Buy A Home?

You already own a blender and vaccum so why not add home ownership to your wedding registry?

FHA allows for wedding registry gifts of cash, checks, and wire transfers from guests and those unable to attend to be used toward the down payment of a new home.

In order to make the funds available for the down payment you must create a bank account or cash wedding registry like MyRegistry.com , HoneyFund.com, or DownPaymentDreams.com. If guests are unable to deposit online you can deposit the cash or checks after the wedding. Make sure to perform your due diligence as many of those sites have transaction fees for each deposit or transaction.

The funds do have to be “seasoned” for two months prior to use so don’t plan on moving in right after the honeymoon.

For more information on using a wedding registry as a down payment or buying a home in Reno or Sparks contact me at (775) 870-4280 or Kris@Reno-Realty.com

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