Many couples using registries to raise home down payments

In some circles, asking for cash on a wedding registry can be seen as taboo. Because of that, some wedding experts told The Washington Times that they have seen a rise in the number of people creating non-traditional registries to help with large expenses, such as a down payment or a honeymoon.

"The best gift to get them [to those goals] is cash. The reality is that while it is taboo to ask for cash, it is ultimately the preferred gift," wedding registry expert Dana Ostomel told the paper. "Given that 75 percent of today’s engaged couples already live together and are older, very often they are already established with the household basics that you find on a traditional registry."

Ostomel relayed that most registries she sets up generate from $5,000 to $10,000 in funds, although couples should be sure to document their gift income to simplify the loan approval process.

However, even with a sufficient down payment, couples still need to qualify for a home loan together, making it important that both of their credit reports are clear of any inaccurate markings that could downgrade their credit scores.

The practice of gifts for down payments is becoming somewhat common. The National Association of Realtors says 27 percent of first-time buyers used gift money.