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If he gifts you $100,000 for the down payment then it would be a gift. Understand that the person receiving the gift does not pay any gift tax. First of all you can give away $14k per year without any gift tax and $5.43 million during a person life that goes toward the lifetime exemption before ANY gift tax is paid. It is unlikely anyone will pay any gift tax on this transaction unless there have been very large gifts given through his lifetime. It is possible that if you put him on the title that you would also be gifting him the portion that he receives of the house. Again, the same gift tax rules would apply.
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