Did you know saving for a down payment is one of the biggest challenges renters face? According to Zillow, nearly 70% of renters report saving for a down payment as the biggest obstacle to homeownership. If you are interested in owning a home, but unable to save a down payment, this new program can change your life. It’s called HomeFundMe.
HomeFundMe is a crowdfunding platform designed specifically for the down payment on a home. Interested home buyers create a HomeFundMe account, get prequalified, share their story, and raise funds all within the platform. Eligible home buyers can also get up to 1% contribution toward down payment or closing costs when they complete home buyer education with a housing counselor. Once the down payment goal is met, the funds are ready to be disbursed and used toward the new home.
If you’re interested in learning more, please visit www.homefundme.com. Buying a home is, in many cases, a community event. HomeFundMe can help.
HomeFundMe is a service provided by CMG Financial. © 2017, All Rights Reserved. CMG Financial is a registered trade name of CMG Mortgage, Inc., NMLS# 1820 in most, but not all states. Equal Housing Lender. To verify our complete list of state licenses, please visit www.nmlsconsumeraccess.org.