As a Real Estate Professional, Here are just a few Reasons Why You Should Use our Program!

• Increase your sales
• Shorten your marketing time
• Expand the potential pool of buyers
• Distinguish yourself from the competition
• Offer sellers/builders a unique way to market their home

Today, more than ever, real estate professionals are searching for new and creative ways to differentiate themselves from their competition. As a real estate agent/broker you can benefit from using our Program by getting more sales closed and by listing more homes. The key to our Program is that it works!

The program works because everyone wins. The seller usually is able to attain the full price offer for their home while the homebuyer gets to purchase a home they otherwise would not have.

The very purpose of the real estate professional fits well with the Mission of the Home Downpayment Gift Foundation, "Making Home Ownership Possible."

Just Think Of The Opportunities To Use Our Program:

• Individuals who don't have enough money for a Downpayment
• Buyers who have some, but not all, of the Downpayment money
• Buyers who have the Downpayment money but not closing cost funds
• Individuals who have the money but would be left cash strapped following the home purchase
• Buyers of 2nd homes who don't want to tie up their capital
• Apartment dwellers and/or renters who don't think they can afford to own a home
• Buyers constrained by poor or no credit.

Why Our Program Is Good For Home Sellers

As you know, sellers in today's market are looking for ways to distinguish their home from the others for sale. This program allows them to do just that!

Many sellers using our Program actually net more money because they can achieve a full price offer for their home.
 

Example Sellers Sheet	Typical Home Sale	Home Sale with our Program
Asking Price of Home	$150,000.00	$150,000.00
Average Actual Sale Price *Sellers often accept a reduction in asking price between 3% and 7%, unless enrolled in our program	$142,500.00	$150,000.00
Less Real Estate Commission	- $8550.00	- $9000.00
Less HDGF Program Service Fee *based on a 3.75% Program Service Fee	- $0.00	- $5625.00
Subtotal	$133,950.00	$135,375.00
Less Closing Costs *Average costs 2.5%	- $3562.50	- $3750.00
Net to Seller	$130,387.50	$131,625.00

About Our Program

Our Program is available to those who can show need. Today, most mortgage providers have loan vehicles that allow for Charitable Gifts.  Whether you are interested in FHA financing or conventional lenders, we can help!  Our Program is simple to use and requires that they buyer and seller each fill out one short application.  We suggest that the buyer do this with the help of their mortgage professional while the seller can do this with their real estate professional.

In order to qualify a buyer must purchase a home that has been enrolled in our Program.  If the home they would like to buy is not in our Program let us know.  The buyer must also use a mortgage program that allows for “gift funds”.  Finally they must fill out our Program Application, fax it to us at 202-234-7535 and await approval.  We promise an answer within 24 hours.  When approved for a gift, the Home Downpayment Gift Foundation will agree to wire the funds to the closing agent

How Charitable Gift Funds Can Be Used

• Towards the down payment of a home
• Towards the buyer's closing costs

Step-By-Step On How Our Program Works

1. A homebuyer will speak with a Real Estate Professional or a Mortgage Professional about purchasing a home. At that time it is usually determined if the buyer lacks the necessary funds for either the down payment or closing costs
2. If so, the buyer is then introduced to our Program by the Realtor or Lender. Together they determine the amount of the gift they will need from us. Our Gifts can be up to 6% of the home purchase price.
3. The Mortgage Professional will, on behalf of the buyer, apply for a mortgage approval with a Loan Program that accepts Gift Funds
4. Once the buyer finds a home they like, they will make the seller an offer with the contingency that the seller pays a service fee to the Home Downpayment Gift Foundation. Click here for sample addendum language.
5. Even if a contract on the home has been written you can still use our Program. We can help when last minute problems arise. Call us for details.
6. The service fee will usually range between 3% and 6% of the final home purchase price. The service fee will be determined by the amount of the gift we will provide to the buyer plus an additional ¾ of a percent of the final home sale price.
7. The Funds are used by the Foundation to replenish our Gift Fund, to provide funding for other needy causes and to pay administrative expenses.
8. If the seller agrees to the terms of the offer, the buyer, with assistance from their mortgage professional, will fill out our application.
9. At the same time, the seller will receive from the real estate professional our Seller Enrollment Form and fill it out.
10. When the Buyer Application and Seller Enrollment have been completed they together are faxed to us at 202-234-7535.
11. The Foundation will in turn provide an answer to the applicant within 24 hours of receiving both the Buyer Application and the Seller Enrollment Form.
12. Prior to the home closing, we will contact the settlement agent to make arrangements for the funds to be wired.
13. We will make sure the funds are there for the settlement so that the buyer has the money they need to purchase their home.
14. Following the closing, the service fee from the seller will be wired to the Foundation by the settlement agent.

Sample language for Sales Agreements

"Buyer and seller agree to participate in the Home Downpayment Gift Foundation Gift Program. Seller agrees to provide a program service fee to the Home Downpayment Gift Foundation in the amount of $______."

If you have any questions please contact us at 1-888-856-4600 or E-mail us