Coming up with a down payment can be difficult for young home buyers and those with high student-loan debt. But many mortgage programs allow parents to help fund their children’s down payment. There are of course hoops to jump through to assure the lender that the down payment is not an undisclosed loan. The money should come in through a bank account by a check or wire transfer so that it’s traceable, as far in advance as possible (at least a few months). And a gift letter should be obtained that verifies the amount, that it is a gift, you’re related, and that repayment is not required. Ask the lender exactly what is required, and if you need a referral to a lender we trust, let me know.