<prompt> Human: I know rpersonalfinance would highly suggest against this, but my boyfriend and I both midlate 20s are planning on purchasing a house in Texas by this July. The loan and house will be under my name until we get married next year but he is gifting me about 10K for a down payment - our total down payment will be about 15-20K. My question is, can we open a joint bank account that I can use to withdraw money from for our down payment as well as closing costs? Or should he transfer the money directly into my account now since its still relatively early? If the bank asks, can I tell them I was gifted this amount by a non-relative? Im unsure how this all works so any advice or clarification would be greatly appreciated. The homes were looking for are within the 160-200K range. I take home about 3400 per month after taxes and investments. I have 8-10 months emergency fund set aside. No debt. Credit is in the 740s last I checked a month ago. We have no plans on moving after buying this house. I understand we dont have 20 for a downpayment and will have to pay PMI. I am not factoring in his salary only because since the loan and title will be in my name, I need to be sure I can afford this on my own. I plan on getting pre-approved soon - should I do that after being gifted the money or can I tell the loaner that this is what the plan is?  <response>: We have no plans on moving after buying this house. So get married first. Yes you can afford this. Is his credit bad? I cant understand why hed give you 10k without any ownership of the house. 