FREQUENTLY ASKED QUESTIONS

Home Down Payment Assistance Grants in TX Texas MN Minnesota AZ IL IN GA OK NY CA PA WI NE all USA

What is FundMyHome.org

FundMyHome.org is a downpayment assistance program managed in collaboration with Real Estate Mortgage Grants and Down Payment Assistance Incorporated a 501(c) (3) nonprofit organization committed to assisting homebuyers achieve homeownership goals.

What is the vision of FundMyHome.org?

The vision of fund my home org is the abatement of the unpopular and pervasive phenomenon of home renter ship presently threatening low to moderate income families the Millennials and among others the workforce and recent graduates of this great nation.

What is the purpose of FundMyHome.org?

The purpose of fund my home org is to foster home ownership by providing downpayment assistance in a simple and expedited process to all participating mortgage qualified homebuyers across the United States regardless of their income even when household income exceeds their area median household income.

Do I have to pay an application fee to receive downpayment assistance?

There is never an application fee or obligation.

Is FundMyHome.org only for renters and first-time homebuyers?

FundMyHome.org provides downpayment assistance to first-time buyers and to all other mortgage qualified homebuyers.

Do I need to be employed to receive downpayment assistance?

Yes you must be gainfully employed or self employed to receive downpayment assistance nevertheless retirees living on pensions or social security income or individuals living on disability income may also be able to receive downpayment assistance.

Will a foreclosure or bankruptcy disqualify me from FundMyHome.org?

FundMyHome.org can help you purchase a home even after a bankruptcy or foreclosure some restrictions apply.

I have less than 640 credit score could I still qualify to receive downpayment assistance for FHA?

Yes you could still qualify to receive downpayment assistance for FHA loan with less than 640 credit score with fund my home org you can get downpayment assistance with a 580 credit score and sometime even with no credit scores some restrictions apply.

How long is the process?

Conditional approval of your down payment assistance takes five to seven days from the time of application and receipt of your supportive documentation and you can close within 30 to 45 days of your signed purchase agreement.

Do I have to repay the downpayment assistance?

The downpayment assistance is received as a non repayable gift without liens or second mortgages.

Could FundMyHome.org help me with the second home?

Yes fun my home org can assist you with the purchase of your owner-occupied second home or vacation home some restrictions apply.

What types of properties am i okay to purchase?

You are okay to purchase single-family detached homes condos townhomes villas and double-wide manufactured homes.

Could I buy a foreclosed home?

Foreclosed homes are excluded from this program at this time.

I am a foreign national could FundMyHome.org help me?

Yes foreign nationals are accepted by FundMyHome.org

I don't have a bank account could fund my home org still help me?

You need a bank account and need to show two months and sometimes twelve months bank statements.

I earn more than eighty percent of my area median household income could FundMyHome.org still help?

Yes provided that you receive a loan approval from one of our preferred lenders. A loan approval from one of our preferred lenders qualifies you to receive downpayment assistance. FundMYHome.org has no income limits as such and can approve your downpayment assistance even when you earn more than 80 percent of your area median household income.

I found a home outside of the government designated areas could FundMyHome.org still help me?

Yes FundMyHome.org provides downpayment assistance for purchases inside or outside of government designated areas or locations.

My purchase price exceeds the government designated purchase price limit could FundMyHome.org still

Yes FundMyHome.org provides downpayment assistance for home purchases exceeding government-designated purchase price limits.

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