What is a Down Payment Gift and Who Can Give it?

When it comes to buying a home, one of the most significant hurdles many first-time buyers face is the down payment. However, a down payment gift can alleviate some of that burden. Understanding what a down payment gift is and who can provide one can make the home-buying process more accessible.

What is a Down Payment Gift?

A down payment gift is a sum of money given to a homebuyer to help cover the down payment on a property. This financial assistance can come from various sources, and it does not need to be repaid. Typically, down payment gifts are used by first-time homebuyers or those who may not have enough savings to cover the upfront costs of purchasing a home.

Key Features of Down Payment Gifts



No Repayment Required: Unlike loans, down payment gifts do not have to be paid back. This can significantly ease the financial strain on buyers.




Documentation Required: Lenders often require documentatio ...

An Expert Advisor Will Give You the Best Advice in Today’s Market


Having an experienced guide coaching you through the process of buying or selling a home is important in a normal market – but today’s market is far from normal. As a result, an expert real estate advisor isn’t just good to have by your side, they’re essential.
Today’s housing market is full of extremes. Experts project mortgage rates will continue to rise this year, and that’s driving significant demand for homes as buyers want to make their purchases before rates climb even higher. At the same time, an absence of sellers is leading to record-low housing inventory. This imbalance in supply and demand is creating bidding wars and driving home price appreciation as well as considerable gains in home equity.
These market conditions can feel overwhelming, but you don’t have to go at it alone. Having a trusted expert to c ...

For information on how to make your offer stronger in this highly competitive market please watch the video below.

https://edge.mortgagecoach.com/report/edgereport.html#8b291a6c-369b-496e-a05c-32c252136509

If you have any questions please contact Jill Paulsen or Jason Baum.

Have a good day.

Jill

Bring us an offer on this very large 6697 sq. ft. home with 7 bedrooms and 5 bathrooms. The yard is almost a 1.2 acre with a gas fire pit and it's set up to watch movies on the patio under the stars. It's close to great schools (Desert Hills), pickleball courts, baseball field, soccer field, volleyball pits, and the best part is that this home is in the Dixie Power boundaries so it won't break the bank to heat and cool.
The master shower is a steam shower, it has access to the deck, and a large closet.  
The kitchen features a gas cooktop, extra large fridge, granite, nice sized pantry and hardwood floors with room for a large dining room table.
There is a fireplace, a formal living room and office, 3 car garage with RV parking, lots of storage, kitchenette downstairs, a theatre room and room for a pool table.
Check it out before it's gone.
Call for more information 435-414-4048

I hope all of you have a safe and Happy New Year.  2019 is going to be a great year for buying and selling homes so I hope you all hop on board and allow me to assist you finding a new place to start making memories. 

Happy New Year!!!!