It can be tough to come up with a down payment, even when you can otherwise afford to own a home. There are a number of programs for women home buyers that provide gifts of the down payment and closing costsmoney that doesnt have to be paid back. Lists of those programs and information about applying can be found on the Internet. Your family may be another source of the money to purchase a home.

Whatever the source, you can use gift money for a down payment on your home purchase. However, youll need to supply your mortgage lender with a letter signed by the giver(s) that states the amount was a gift, and the letter will need to be notarized by a third party.

You can use gift money for a down payment on your home purchase. However, you'll need to provide your mortgage lender with a letter signed by the giver(s) that states the amount was a gift, and the letter will need to be notarized by a third party.