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Buying a home from a family member without a cash down payment
September 16, 2026 | Posted by: Craig Nickerson
Buying a home from a parent or another close family member, but don’t have the cash saved for a down payment?If the property is being sold below its established market value, the difference may be recognized by a lender as gifted equity. That equity can potentially be used toward your down payment.
Depending on the property value, purchase price, size of the gift and lender requirements, gifted equity could reduce the cash you need—and may even help you avoid mortgage default insurance.
Every transaction is different, so it is important to structure the purchase properly from the beginning.
Want to learn more? Call or text Craig at 613-394-5810 or send us a message today.
Subject to property valuation, lender approval and applicable mortgage-insurance requirements.
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