<prompt> Human: Sometime in the next 18 months, my wife and I will likely be buying our first home. My parents have offered to contribute 10 as a down payment. We will be buying a house that is approximately 250,000, so that will be a gift of 25,000. After looking at the gift tax, it looks like my parents, who file jointly, could give us up to 28,000 without having to pay a gift tax 14,000 maximum gift for individuals, 28,000 for couples filing jointly. What other implications are there for getting this kind of gift for use as a down payment? Will we need to disclose this gift to the mortgagee? This would all take place in Kansas, if thats pertinent information. We are not set on any particular manner of transferring the gift, and are not sure if there is a way to do it that is preferable to simply writing a check.  <response>: Your parents could actually gift each you and your wife 28k. So 56k total. 