Can I use wedding gift money or cash gifts, or does it have to be seasoned?

Can I use wedding gift money for my down payment?

You want to know whether wedding gifts or cash gifts can count toward your down payment and closing costs, or if the money needs to be seasoned in your accounts first. Gift money can be used for your home purchase without seasoning requirements, but lenders need specific documentation to verify the source. Most mortgage programs allow gift funds from family members, and some accept gifts from close friends or employers.

The lender typically requires a gift letter signed by the donor stating the money is a gift (not a loan), along with documentation showing the donor's ability to give the funds and how the money transferred to your account. You'll need bank statements showing the gift deposit and sometimes proof of the donor's account. The exact requirements depend on your loan program—conventional loans have different rules than FHA or VA loans. Talk with your lender about gift fund requirements for your specific situation, since they can walk you through the documentation process and timeline.