<prompt> Human: My spouse and I have nearly 40,000 in total saved up, and another 8000 in stocks. We have narrowed our choice to a house in a cheaper but decent neighborhood for 275K. My FIL offered to loan us 60K to 70K interest-free towards the down payment, which we could return slowly per our convenience. Would taking another loan from family for a mortgage damage our mortgage application? Is it worth it? What do you think?  <response>: No, but youll have to tell the bank where the money is coming from.My parents helped me out with my first down payment and we had no issues, but I know myself and my parents.FYI you should only need 20 down so since you have 40k, you should only need 60k, after closing costs and other related things. Id only borrow what you need, not more. It seems you have a good financial sense, so you can just pay more than the minimum payment, and youll do fine, in terms of interest paid. 