FHA Loan (split down payment)

[Cole Palmer]

Sorry I think i originally posted this in the wrong place...

"Hey everyone,

Relatively new here. I had a quick question and wasn't able to find anything in my searching.

I am looking to buy a 100k condo with my brother. We want to split the down payment (he would own % equity) and do an FHA loan. We are looking to put down 5-15%. I would be living in the condo, he is renting somewhere else. I know that you can gift money but that money cannot be repaid? and i would have to give him back his money when the house sells plus appreciation...not really looking to commit mortgage fraud, but could someone with knowledge of the mortgage industry, more specifically FHA shine some light on this for me? Thanks! This site is awesome!

C"