Jan 15 2018 51083 1

Dated: 01/16/2018

Views: 70

Great article in REALTOR Magazine titled Employers Can Now Add to Down Payments.  Anyone who has owned home knows it takes time to save the money to get there...........the American dream of home ownership.   HomeFundMe  is a Fannie Mae and Freddie Mac-approved down payment crowdfunding platform.  It allows borrowers to crowdfund their down payment from several sources, including their employer. 

I had not heard of such a program before reading this, but it may help some future homeowners get to homeownership quicker.  All crowdfunded money is held in escrow until settlement.  Employers are using it as a way to retain and attract talent, and millennials are looking for creative ways to achieve their goals.

As with any other programs there are guidelines to qualify and adhere to, but may be well worth it for first time homeowners.    Click the source below to read more about it.

Source: CMG Financial


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Rosalia Tejeda

One of top sales producer for my team while employed at State Farm. Analyzed customers' needs and make recommendations based on assessed risk. Successfully ran my own business in design and manufactur....

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