2 months ago
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(NewsNation) — Toasters are out, down payments are in: Today's newlyweds are trading accepted wedding gifts for assistance buying a home.
Nearly fractional (48%) of newlywed homeowners who made a down outgo said they asked for wealth to enactment toward their location acquisition alternatively of wedding gifts, according to a caller LendingTree survey.
That fig is adjacent higher among men (57%) and those joined successful the past six months (53%).
Matt Schulz, LendingTree's main user concern analyst, sees it arsenic a affirmative trend, noting that there's little stigma astir asking for wealth that tin beryllium enactment to bully use.
"That’s bully for the newlyweds, and it’s bully for those giving the acquisition due to the fact that they cognize their gifts won’t beryllium stashed and cod dust," Schulz said successful the report.
LendingTree recovered that the mean down outgo for newlywed homeowners is $46,741 — a steep sum forcing galore to take betwixt their imagination wedding and imagination home.
In fact, 35% of newlywed homeowners said their wedding delayed homebuying plans, and 41% wished they had enactment much wealth down connected their home.
"If you’re trying to take betwixt a bigger, much elaborate wedding and putting a bigger down outgo connected a home, it’s important to inquire yourself and your spouse pugnacious questions astir what matters most," Schulz said.
Overall, 67% of those surveyed said their dream home is much important than their imagination wedding. And much than fractional of the respondents (52%) scaled backmost their wedding, opting for a smaller solemnisation to spend a bigger home.
Wedding guests aren't the lone ones chipping in. Across each newlywed homeowners, 71% received assistance from parents to wage for their wedding oregon down payment, and 37% said their parents helped with both.
LendingTree's findings are based connected an online survey of 1,050 U.S. newlyweds ages 18 to 79 from March 12 to 19, 2025. Newlyweds were defined arsenic those joined wrong the past 2 years astatine the clip the survey was conducted.
