how much of my loan can be a gift
Type of Loan. The amount of your down payment that can be gifted depends on the type of loan youâre getting. Unless the gift youâre getting will be at least 20 percent of the homeâs value, many lenders will require you to provide at least a 5 percent down payment from your own funds.For example, if you're buying a $200,000 home, you will have to put down at least $10,000 of your own money.Any gifts you receive just add on to that down payment. Government-insured FHA loans, on the other hand, allow a third party to gift 100 percent of the down payment.or example, if you're buying a $200,000 home, you will have to put down at least $10,000 of your own money. Any gifts you receive just add on to that down payment. Government-insured FHA loans, on the other hand, allow a third party to gift 100 percent of the down payment.