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.
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.
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.
There is never an application fee or obligation.
FundMyHome.org provides downpayment assistance to first-time buyers and to all other mortgage qualified homebuyers.
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.
FundMyHome.org can help you purchase a home even after a bankruptcy or foreclosure some restrictions apply.
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.
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.
The downpayment assistance is received as a non repayable gift without liens or second mortgages.
Yes fun my home org can assist you with the purchase of your owner-occupied second home or vacation home some restrictions apply.
You are okay to purchase single-family detached homes condos townhomes villas and double-wide manufactured homes.
Foreclosed homes are excluded from this program at this time.
Yes foreign nationals are accepted by FundMyHome.org
You need a bank account and need to show two months and sometimes twelve months bank statements.
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.
Yes FundMyHome.org provides downpayment assistance for purchases inside or outside of government designated areas or locations.
Yes FundMyHome.org provides downpayment assistance for home purchases exceeding government-designated purchase price limits.