FHA allows for couples getting married to set up a Bridal Registry Account. The intent is to give couples planning to get married the opportunity to amass monetary gifts from friends and family for the specific purpose of making the down payment on a home.
Just like registering at a specialty or department store, the FHA Bridal Registry program allows you to register with a lender. Then your friends and family are able to make gift payments into an interest bearing account on your behalf. These gifts can be given with the assurance that the donors are providing the couples or individuals with an opportunity to purchase their first home.
Contact your local lender for more details. Click the following link to find out more about homes in your neighborhood
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