Shutterstock The lack of a down payment is one of the biggest barriers for first-time homebuyers, and an FHSA is an excellent way to address this challenge. In 2025, you can give up to $19,000 per person without triggering the gift tax. You’re allowed to make multiple $19,000 gifts to as many individuals as […]
Home for the holidays – gift giving to first-time home buyers – Part 1
For 26% of first-time home buyers, saving for a down payment on a home is the most challenging step in the home buying process, according to the 2022 Profile of Home Buyers and Sellers report by the National Association of Realtors® (NAR). Overall, it is very difficult for first-time buyers in this housing market. Of all […]
Gift of a lifetime for first-time home buyers – Part 1
For 29 percent of first-time home buyers, saving for a down payment on a home is the most challenging step in the home buying process, according to the 2021 Profile of Home Buyers and Sellers report by the National Association of Realtors® (NAR). Jessica Lautz, vice president of demographics and behavioral insights at NAR says, […]
A special holiday gift for first-time home buyers
A Colorado First-Time Homebuyer Savings Account (FHSA) is a great way to speed up a homebuyer’s ability to purchase their first home. (Photo: Ben White/Unsplash). If you’re searching for an enduring gift for your loved ones, which will be treasured for a lifetime, during an especially challenging year, you can consider giving up to […]
Holiday gift giving to first-time homebuyers
Any Coloradan can set up a savings account to be used towards the down payment and costs associated with closing for a first-time home. ‘Tis the season for holiday giving and in 2019, you can give up to $15,000 in cash or assets to another person without having to worry about the federal gift […]
Holiday Gift Ideas for First-Time Home Buyers – Part 1
Saving for a down payment on a home is the most difficult step in the process of buying a home for 25% of first-time buyers, according to the National Association of Realtors (NAR) 2017 Profile of Home Buyers and Sellers. Of those buyers, 55% said student loan debt delayed them in saving for a home. Now couple […]