Learn how HomeFundIt™ helps Realtors and homebuyers close deals faster with help from loved ones.
Is there a quicker way for first-time homebuyers to save for a down payment? I was chatting with Megan Merrill from CMG Financial recently, and she shared something I thought was too good not to pass along—HomeFundIt™. It’s a unique program that helps first-time homebuyers get a little extra help from family and friends to cover the down payment, making homeownership way more accessible.
As a Realtor, it’s a great tool to help your clients save for a down payment and achieve homeownership faster. I’ll break down how it works for both buyers and agents.
How HomeFundIt™ works: HomeFundIt™ is the first-ever online platform that allows friends and family to contribute toward a homebuyer’s down payment as a gift. The idea behind it is simple: instead of waiting years to save enough for a down payment, first-time buyers can get support from their loved ones to speed up the process.
Setting up Homefundit™ for Realtors: It’s free for agents to set up, and it gives them a chance to offer a valuable resource to their clients who are struggling with that all-important down payment. Agents can create their personalized page to share with clients in just a few minutes, and it offers free marketing every time the platform gets shared. The best part? It helps grow the agent’s pipeline by giving them exposure through social media.
Who can benefit from Homefundit™? HomeFundIt™ works particularly well when big life events come into play, like graduations, weddings, or job promotions. Those are all great opportunities for buyers to reach out to their family and friends for some help with a down payment. Imagine someone getting married who already has everything they need—a down payment toward their future home could be the perfect gift.
All in all, HomeFundIt™ can help more people become homeowners sooner, without putting the whole burden on the buyer. If you’re a real estate agent, it’s a great tool to have in your back pocket, especially when you know your clients are dealing with challenges like student loan debt or high rent.
For more information, feel free to call us at (603) 557-6661. Also, keep an eye on our YouTube channel for more helpful tips on how to add value to your real estate business.