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 ...

The new St. George ALL ABILITIES park opened in December 2016.  It is a great addition to our city but the most exciting part is the unique ways in which the park is set up to accommodate people of all ages and all abilities. Visitors can take a ride aboard a small-scale locomotive.  A 20-foot faux volcano lights up and spews steam in a simulated eruption. Dinosaur-themed play equipment is fun for the kids to play on and the red-rock water feature shines with its pools and fountains.  
Take a look at the website to find out more about yet another fun, outdoor adventure your family can go on here in Sunny St. George.

https://www.sgcity.org/legacy/thunderjunctionallabilities/Click here
Also to see what beautiful homes are on currently on the market in Washington County go to www.homesinstgeorgeutah.com or email, text or call Jill Paulsen at 435-414-4048/jillpaulsensellshomes@gmail.com. ...