A Wedding Registry for Home Buyers

by UrbanTurf Staff

A Wedding Registry for Home Buyers: Figure 1

TIME this week reported on a little-known gem of a program from HUD that allows newlyweds to put cash wedding gifts from their friends and family toward a down payment.

The FHA Bridal Registry Program works like a standard wedding registry, except that instead of toasters and silverware, wedding guests contribute towards helping the newlyweds finance the purchase of a home. (The couple sets up a registry with their lender ahead of the wedding, then provides the details to invited guests.)

In addition to being a great way to help the couple afford a new home, the program also exempts these monetary gifts from the onerous documentation required when, for example, parents provide their child a large check to help out with a down payment.

Evidently the program isn’t restricted just to weddings. According to TIME, the HUD documentation reads that it can be used for those “legitimate occasions where substantial gifts are typically received by an individual or individuals,” which makes baby showers, civil unions, and college graduations fair game under the program as well.

See other articles related to: newlyweds, hud, fha, down payment

This article originally published at http://dc.urbanturf.com/articles/blog/a_wedding_registry_for_home_buyers/3974


  1. SL said at 6:55 pm on Friday August 12, 2011:
    Ha ha. Nice touch putting the Goodfellas photo along with the story.
  1. Scott Tucker said at 8:28 pm on Friday August 12, 2011:
    Monetary wedding "gifts" do not necessarily have to be set up in a specialized account. Those funds can be used by providing 1) a deposit slip showing the accumulated checks/cash, 2)a copy of their marriage license that coinsides with the date of the deposit slip from #1, and 3)complete a Wedding Affidavit. It is easy to do and can save a big headache documenting large deposits that can't be sourced. Need more info? Send an e-mail- scott.tucker@mortgagefamily.com.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!