What percentage of the downpayment can I have as a gift? Can it be 100%?I am buying a house with a conventional 30 year mortgage and would like to make a 20% downpayment to avoid paying mortgage insurance. One lender told me I could use gift money for the entire amount, and another lender told me that 5% of that is required by law to be my own money. Is there a law about this? Does anyone know what percentage (if any) has to be my own money, or does this vary by lender? Thank you!January 17 2013 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.