LET'S CONSIDER WAYS IN WHICH HOME DOWNPAYMENT GIFT FOUNDATION CAN ADD BENEFIT AND HELP TO SELL YOUR HOME:
Many times a prospective homebuyer with good credit can afford the monthly payments but doesn't have the funds for the down payment or closing cost. With the benefit supplied by Home Downpayment Gift Foundation in the form of the "down payment assistance program", the number of potential homebuyers is greatly increased and home on the market time is greatly reduced. Your home will sell faster by being available to a larger number of homebuyers.

Often the sale is lost because the prospective homebuyer doesn't qualify for a loan. With the "down payment assistance program "the buyer is already credit approved" when presented to you, which helps to eliminate any approval contingencies in a standard sales contract.

The "down payment assistance program" requires a contribution to Home Downpayment Gift Foundation. The contribution is equal to the gift amount plus a service fee. The gift is the amount needed by the buyer to qualify for the loan and can be up to 6% of the sales price of the home. Home Downpayment Gift Foundation does not provide any real estate services to the seller in exchange for contributions. The Home Downpayment Gift Foundation down payment assistance program is assisted by the contributions of the seller in continuing the program.

SELLER'S NET CALCULATION:

Typical Transaction	FHA Loan Without Gift	FHA Loan With Gift
Home Asking Price	$100,000	$100,000
Less Negotiated Reduction (generally 5%) (1)	-5,000	0
Net Sales Price of Home	95,000	100,000
Less Real Estate Commission (generally 6-7%)	-6,650	-7,000
Less Home Downpayment Gift Foundation Contribution (2)	0	-3,500
Less Closing Cost Est. (2 1/2%)	-2,375	-2,500
Net Proceeds to Seller	$85,975	$87,000
(1) The negotiated reduction is generally 3% to 7% of the asking price. (2) The Home Downpayment Gift Foundation contribution is the amount of the gift needed by the buyer plus a service fee. The gift amount may be up to 6% of the sales price and the service fee ranges from $195 to $500. This example represents a $3,000 gift to the homebuyer and a $500 service fee.

If you have any questions or need more information
or by calling 1.877.550.7005