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J. Blumen & Associates

J. Blumen & Associates

J. Blumen & Associates

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Title & Closing Services

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Posts Tagged ‘FAQ’

Down Payment Gifts: Not just for first-time homebuyers

By Joshua Blumen
Post image for Buyer FAQ: Can my family give me money for a downpayment?

Can my family give me the money for a down payment on a home purchase in Massachusetts? Absolutely! As a matter of fact, according to IRS guidelines for 2018, anyone can give another person – family or not – up to $15,000 per year without having to file a gift tax return. This means that…

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J.Blumen & Associates

Real Estate Law, Title & Closing Services

RI Office: 23 Powel Ave, Newport, RI 02840
Phone: 401-847-3033 Fax: 401-847-2323

MA Office: 36 South Main Street, Sharon, MA 02067
Phone: 781-784-2500 Fax: 781-784-2502

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