arrowAbout Us arrowContact Usarrow News arrowFAQ arrowHUD Info arrow Contract Calculator arrowHome
Home Down Payment
6/1/2006 - Important Information Regarding IRS Ruling 2006-27. Click for more info
General Information
Step By Step
Buyers
Sellers
Lenders
Agent/Brokers
Forms
Our Services
Mortgage Info
Contract Calculator
Home Downpayment Gift Foundation
1808 Corcoran Street NW
Washington DC 20009
Toll Free 1-888-856-4600
Office 202-234-7515
Fax 202-234-7535
contact us :: our company
Sellers

We can show you how to:

  • Attract more buyers
  • Enable buyers to get the necessary financing to own a home
  • Reduce the sales time of your home
  • Attain a fair price for your home

These are just a few of the benefits that you as a home seller will receive by using the Charitable Gift Program. The Program was designed to provide potential homeowners with the necessary funds to purchase a home. This program is so effective because everyone wins. The seller often gets a fair price for their home and the buyer will get to purchase a home they otherwise would not have.

Our Foundation was started with one simple Mission “Making Home Ownership Possible.

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 you fill out one short application. We suggest that you do this with the help of your mortgage professional.

In order to qualify you must purchase a home that has been enrolled in our Program. If the home you would like to buy is not in our Program let us know. You must also be using a mortgage program that allows for "gift funds". Finally you 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.

As a home seller you benefit by selling your home faster while in most cases not affecting your bottom line. Many times the homebuyer's in our Program will make a full price offer for the home.

Here is an example of how the numbers work:
 
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

Don't reduce the asking price of your home. Just provide an incentive! Enroll your home with the Home Downpayment Gift Foundation!

What Must A Seller Do To Get Involved?

As a seller of a home the Program is easy to use and is well worth the investment. First, you must fill out our "Seller Enrollment Form". You must agree to pay a program service fee to the Home Downpayment Gift Foundation. Typical service fees range from 3%-7% of the final sale price of your home. The funds are used to ensure that there are funds available for future gifts as well as other various charitable endeavors. Your fee is paid to us following the closing of the sale of your home out your proceeds. If for some reason the sale does not get completed, you are not obligated to pay the service fee.

How Charitable Gift Funds Can Be Used

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

Click Here For A Step-By-Step Breakdown On How Our Program Works

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

Copyright © 2005 Home Downpayment Gift Foundation, Inc.
1808 Corcoran Street NW, Washington DC 20009
privacy policy