Private lender for down payment on FHA?

[James Marie]

Are there creative ways to get help with a down payment on an fha for a multi family?

[Mark F.]

@James Marie

First of all, for FHA you have to live in the property to get financing on it. Second, the down payment can't be borrowed, but it can be gifted. The key is to document the gift properly so you don't run into any issues with the underwriter. 

For one of the best explanations of how to properly document a gift, check out the following link (not my site):

http://themortgagereports.com/2669/downpayment-gif...