Two Smart Ways to Help Your Kids Buy A House

Be aware of the IRS rules when lending or giving your kids money to help them achieve their dream

Picture of a hand giving a set of keys to another hand
(Image credit: Getty Images)


Rising rents and student loan debt make it difficult for many young adults to save for a down payment, so families often lend a helping hand. According to a 2022 report from the National Association of Realtors, 25% of home buyers ages 23 to 31 received a gift of money for a down payment and 4% received a loan. 

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Patricia Mertz Esswein
Contributing Writer, Kiplinger's Personal Finance
Esswein joined Kiplinger in May 1984 as director of special publications and managing editor of Kiplinger Books. In 2004, she began covering real estate for Kiplinger's Personal Finance, writing about the housing market, buying and selling a home, getting a mortgage, and home improvement. Prior to joining Kiplinger, Esswein wrote and edited for Empire Sports, a monthly magazine covering sports and recreation in upstate New York. She holds a BA degree from Gustavus Adolphus College, in St. Peter, Minn., and an MA in magazine journalism from the S.I. Newhouse School at Syracuse University.