This service has been withdrawn due to NEW HUD & IRS rules.
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Using Downpayment Assistance Gifts and Grants
“Making Homeownership Possible”  

Just think about the number of times that you have come across a potential homebuyer who has lacks the financial resources for a Downpayment or closing costs. Most of the time they are unable to get the home they desire and you lose potential business.

How many deals can we save for you?
Increase your personnel production, offer better service, help people become homeowners. What could be better?

Think Of The Opportunities To Close More Loans

  • Individuals who don't have enough money for a Downpayment.
  • Buyers who have some, but not all, of the Downpayment money.
  • Buyers who have the Downpayment money but not closing cost funds.
  • Individuals who have the money but would be left cash strapped following the home purchase.
  • Buyers of 2nd homes who don't want to tie up their capital.
  • Apartment dwellers and/or renters who don't think they can afford to own a home.
  • Buyers constrained by poor or no credit, that need a lower LTV to qualify.

Today, FHA and many conventional lenders, have Programs that allow "Gift Funds" to be used towards down payments or closing costs. Our Foundation will provide the gift funds to these buyers. Since these are gifts, they do not have to be repaid. The funds come from previous donations provided by home sellers.

About Our Program

Easy to use.  No Caps.  Low Flat Fee as low as $395.  Some programs also offer one year of job loss (employment insurance) coverage for your borrower for a slightly higher fee!  Most programs are available to anyone who can show need.  The programs are simple to use and most only require a one page form that the buyer and seller each fill out.

Many programs can be completed online.  Complete a single web form and generate both printable buyer gift letter and seller letter automatically.

In order to qualify a buyer must:

  • Purchase a home that has been enrolled in our Program. Enrollment of a home takes less than 2 business days.
  • The buyer must also use a mortgage program that allows for "gift funds".
  • The buyer fills out our one page program application and fax it to us, then awaits approval. We promise an answer within 24 hours.

Why Sellers and Builders Like Our Program

  • Simple language for Sales Agreements.  "Buyer and seller agree to participate in the Home Downpayment Gift Foundation Gift Program. Seller agrees to provide a Program Service Fee to the Home Downpayment Gift Foundation in the amount of $______."
  • More potential buyers allow their homes to sell faster! I
  • They typically will net out as much or more than if they had negotiated price with the buyer
  • They can make a donation to a charitable organization
  • They get the satisfaction of supporting home ownership
  • Most Builders have a marketing expense built into the cost of the home.  This amount will usually cover the donation to the Foundation.

Sign Me Up.  I Want To Offer This Assistance to My Clients.

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Down Payment Assistance When You Need It !