My father offered to loan us money to buy a house. My sister had already married and bought one or two by then. My oldest brother was military so no need.
I was sort of surprised. I ended up buying a modest ($38,500) house in a so-so neighborhood, taking over an existing mortgage at the then unbelievably good interest rate of 8%. The remainder of the purchase price was my savings (not much, just out of college) and a loan from him. All done with paperwork and signatures etc. I think it was the same %, eight.
Paid him off in 10 years or so. I think the loan was set up for 15 years.
I also feel the need to say I paid for my own college education with no help from parents so not like I was already very financially independent when he made the offer.
Oops-correction:
I also feel the need to say I paid for my own college education with no help from parents so I was already very financially independent when he made the offer.