How does this work?
- Qualifying home buyers have a chance to double their down payment with our exclusive funds matching program.
- Can receive up to 1% contribution towards their down payment or closing costs.
- HomeFundMe-approved lender CMG Financial will give $2 for every $1 raised up to $2,500 if under the Area Median Income or up to $1,000 if over AMI. *
- Available for those who complete home buyer education or pre-purchase counseling.
What is AMI?
The Department of Housing and Urban Development establishes benchmark income limits for housing grants and assistance every fiscal year. AMI is broken down by the county level and metropolitan level and varies based on family size and total household income.
CMG Financial contribution of $2 for every $1 raised up to the lesser of $2,500 or 1% of Purchase Price (AMI).
CMG Financial contribution of $2 for every $1 raised up to the lesser of $1,000 or 1% of Purchase Price (Non-AMI).
Not sure if you are under or over AMI? Check here: bit.ly/HomeFundMeAMI
SCENARIO 1 - Income Under AMI
Meet the Smith Family!
$200 Saved + 2 Weeks on HomeFundMe + $8,100 Crowdfunded + $2,500 Grant + $3,000 Realtor Contribution = $15,600 New Down Payment
SCENARIO 2 - Income Over AMI
Meet the Marks Family!
$10,000 Saved + 1 Month on HomeFundMe + $5,000 Crowdfunded + $1,000 Grant + $0 Realtor Contribution = $16,000 New Down Payment