FHA Bridal Registry

Are you planning to get married and buy a home in Seattle, but wonder from where your down payment funds will come?

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.

It's a win-win! 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!

Please contact me for a list of preferred lenders who can help set this up for you.

Your Wilderness Retreat!

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www.MyWildernessRetreat.com:

The sweetest vacations take you back to the best memories: swimming holes, fresh pine air and campfires, curling up with a book. Find old-fashioned bliss while living at this carpenter's private, wooded retreat and shop with Hood Canal view, and over 5 acres of buildable land, approved for a 4-bedroom septic system.

This little corner of paradise, just two hours from Seattle, nestles you right on the distant side of Hood Canal to share the serenity with eagles and osprey. Or perhaps to explore the hiking trails of Olympic National Park at Duckabush and Dosewallips.

Whether you're celebrating a honeymoon, anniversary, or just each other's company, every day at this property will feel like a vacation -- just sit back and admire views from the sweeping forest to Hood Canal.

Hold hands on your walk down to the wood-fired sauna to admire the snow-capped Olympic mountains, bathed by the smell of cedar and evergreen, then plunge into the spring-fed pool outside its door.

Be sure to walk the woodland trails winding the hillside or invite the children to swing on the rope swing over the fern grotto (see video on Virtual Tour link below).

Property currently houses a small sleeping cabin, a heated carpentry shop with office space, bath and shower, a wood-fired sauna at the edge of a vernal stream, a garden shed, cistern, two pump houses, and harvestable timber. The property is served by electricity and a spring-fed water system. Camp out in your private retreat getaway near Hood Canal, while making plans to build your dream home here!

Owner financing available with 25% down!




www.MyWildernessRetreat.com

Courtesy of Home Land Seattle