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Assisting Pastor with Home Purchase Down Payment

  • 1.  Assisting Pastor with Home Purchase Down Payment

    Posted 3 hours ago

    All,

    We're looking at assisting our Pastor with the purchase of a house - primarily via helping out with a down payment.  If anyone has any experience with this I'd appreciate some recommendations, sample agreements, or feedback on your experience.  In particular, we're wondering:

    1. How would this work in relation to his housing allowance?
      1. I'm assuming that this is a taxable event.  We're planning on grossing it up to cover the taxes.
    2. We're considering a 3-4 year forgiveness agreement - any examples would be appreciated.
    3. What are we missing?  What other considerations/options are there?

    Thanks!

    Chuck Skarda

    Grace Lutheran Church

    Nashua, NH



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    Chuck Skarda - President
    Grace Lutheran Church, Nashua NH
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