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Crowdfunding For A Home Down Payment!

Updated: Jun 6, 2023

Many buyers wait until they have saved up enough money for a down payment to purchase their first home. With the new HOME FUND IT program I am working with through CMG loans, now prospective buyer can start crowdfunding a down payment from their network even years before they are ready to purchase. Previously gift funds from family were the only types of cash that could be considered for a down payment contribution, now with HOME FUND IT buyers can source contributions from family, friends, co-workers and more. This is the perfect platform for anyone planning a wedding gift contribution, a college graduation present or any occasion to seek financial support from your network in order to help fulfill the dream of home ownership.

Additionally CMG will offer a match of $2 to $1 for the first $1000 that is contributed to the program. Additionally there are other contributions that can be added from first time home buyer programs like Freddie Mac. One of my favorite features is that there is an affiliate link for hundreds of common retailers like Target, Home Depot, Walmart and more that will contribute small contributions with every purchase made online. This really helps with a long term plan of contributions from your network, CMG matching funds and affiliate contributions towards raising money for a down payment and closing costs.

One of the features that I like the most is that HOME FUND IT will help you to build a custom landing page to forward traffic as well as a user portal to manage your campaign goals. The landing page is perfect when sending out a wedding invitation, college graduation announcement or an occasion where there can be a call to action. Thousands of people have already used the platform successfully to purchase their first home by managing effective campaigns. Throughout the process I will be there to support and educate along the way with my preferred CMG loan advisor.

Do you or anyone you know plan on buying a home in the next few years? Now would be the perfect time for them to consider setting up a campaign and start raising the money they will need to make the jump into home ownership!

Dean Powell

Keller Williams Realty Danville

CA DRE # 02108792



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