Here Comes the Bride...

    No, none of our daughters are getting married (yet), and we are not planning any weddings, but many of our Baltimore clients are, and we think that the FHA Bridal Registry Program is a SMART way to help newlyweds save up some cash for a down payment and cross the threshold into a new home!

FHA has a Bridal Registry program where the money you receive as a wedding present can be used towards your down payment. 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.


Why do we think this is buying SMART?  Not only can your gifts earn interest, but they can be used as a down payment towards an FHA Loan.

Bridal Registry Guidelines

Bridal Registry Accounts were originally introduced in 1996, but still remain a little known fact when it comes to down payment assistance. The misunderstanding of how this program works might be the fact that it was originally only allowed by banks. Soon after, FHA modified the program and offered new flexible options and the opportunity for the newlywed to set up the account at any bank. Plus, newlyweds are now able to make deposits on their own from the gifts they receive.

Here's how it works in 3 simple steps:

  • You will open a savings account at your bank prior to the wedding
  • Friends and family will be given the banking information where the gifts will be deposited
  • All of the gift funds can go towards the FHA required 3.5% down payment
  • Anyone with an interest in the purchase cannot be party to the gift funds (i.e. realtor)
  • There is no requirement that you be married prior to closing on your new home



Another huge advantage is that there are no gift letters or other documentation required other than proof of your savings account named "bridal registry account." It's that simple!

Planning a wedding can be stressful, and so can buying a house.  Let us help you take the stress out of at least one of those events (Sorry--you’re on your own with the wedding plans--we’ll have plenty of those to decisions to make, but not for a long time!).  Whether you’re interested in this program or not, we’ve got some great lenders we can refer you to.  Contact us today to learn more details about the FHA Bridal Registry Program or to get connected with a lender!


Committed to helping you Buy. Sell. Live. SMART,

Seth & Alyce