HomeFundMe (Crowdfunding a Down Payment)

Real Estate Broker/Owner with Aspen Lane Real Estate Colorful Colorado CRE# 40005863

My daughter, ErinBates, a millennial and mortgage mover, was over this weekend for dinner and going on and on about a new platform her company built. I was very intrigued so I asked her to write us a little guest blog about it.


Without further ado: 


Hey ActiveRainers!

Yes, over at my company, CMG Financial, we sure are excited about a new platform called HomeFundMe, the 1st and only agency (FNMA) approved crowdfunding platform for down payments.

((Think GoFundMe for homes))


What if your neice was getting married and instead of registering for towels and dishes, her and her future hubby registered for a HOME!? Would you be inclined to donate? HomeFundMe allows you to visit your neice's personalized campaign page, linked to FaceBook and created in conjunction with our fundraising coaches, to gift money towards a house.


Sample (Real Life) Page:


  • Unlike traditional loan/down payment gifts these funds DO NOT have to be sourced or seasoned
  • You can chose if you would like the funds back if they DO NOT buy a house within 1 year, or you can choose to let them have the funds either way. (conditional donations)

Your neice can share her campaign with her friends, family, spiritual community, employer & colleagues, and beyond (who all do you know that would help someone buy a home?) 

Whether it's $10 or $1000, every gift ads up! 

CMG Financial, as the lender, can (and will) contribute to the campaign and Realtors can as well.

 HomeFundMe CMG Financial

Though anyone can use this program we are betting that a big portion of users will be
Millennials and GenXers (my people!).
In 2016 34% of home buyers were Millennials while 28% were GenXers
and in a recent NAR survey they stated that their biggest obstacle to home ownership
is coming up with $ for the down payment. Enter stage right: HomeFundMe!

So, Realtors, what do you think?

Will you find this to be a useful tool for your clients? 


As of right now, CMG Financial is the ONLY lender in the nation who has this FNMA approved product. To chat more about it, feel free to reach out to me. :)

You can find me here in the Rain at: http://activerain.com/profile/ebates1204 

or get in touch with my Mom (@BelindaSpillman) and she'll connect us!


HomeFundMe: https://www.homefundme.com/

In The News: 



Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Erin Bates 10/11/2017 11:02 AM
Mortgage / Finance
Out Of The Box!
Women And Their Business Hear The Roar
Addicted to Active Rain
Bartender, Make it a Double
down payment options

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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding and Marketing


It is an interesting concept.  Considering the time and energy we put into our lives together, including buying a home, I would say it was character building,  and I cannot get behind this.  It works for some, I have no doubt.  A

Oct 10, 2017 01:48 PM #7
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Hi Belinda --- I think the added exposure of this program by Erin Bates on your post will help to reinforce the concept.   It will be interesting to see "progress reports" to keep up to date with HomeFundMe.

Oct 10, 2017 02:29 PM #8
Erin Bates
CMG Financial and Expansion Marketing Services - Aurora, CO

It has been very interesting to see all the different points of view coming out with the introduction of this program. Many seem to think this is a "hand out" or "entitlement" rather than thinking about all of the creative ways this can be used to help others AND to build business. Giving money toward a house instead of: birthday gifts, wedding gifts, new baby gifts. Congratulating your (student loan debt saddled) recent grad with some money for a home. Asking an employer to contribute to their employees as an employee benefit or part of a relocation package. Marketing to buyers that you, as a Realtor, will help bridge that gap by contributing. Supporting your responsible adult-child - they raise $10k, you chip in $1k. Builders contributing. 


The fact is that the Real Estate market is taking a heavy turn towards being ruled by Millennials and GenXers and these groups of people, as much as we are at times "hated on", are generally good and do not expect handouts. BUT we do often struggle to save large sums of money. Between student loan debt, dramatically increasing cost of living/rent (without commiserate income), functional obsolences built into cell phones, cars, etc., it's tough. Times have changed and HomeFundMe, in my opinion, is a program that can help be a bridge to the future and keep our Real Estate market strong and moving. 

Oct 10, 2017 02:58 PM #9
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Belinda - I think that's a great idea, especially in place of registries and gifts no one really needs, and I think it's going to be very popular.

Oct 10, 2017 03:08 PM #10
Erin Bates
CMG Financial and Expansion Marketing Services - Aurora, CO

Dick Greenberg you're so smart!

Oct 10, 2017 03:48 PM #11
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Erin and Belinda,  Great suggestion for bride and grooms to know about.


Oct 10, 2017 05:44 PM #12
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Belinda and Erin-When Larry's daughter married she and her husband to be each owned their own homes but wanted to buy a larger one for the family they would have. I'd have been all for contributing to their down payment via that program rather than buy gifts they didn't need. 

Oct 10, 2017 06:09 PM #13
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

What I have learned in recent years is that couples often live together for quite awhile before they actually marry.  They may not need the traditional gifts to set up house keeping that previous generations did.  Money for down payments seems more and more like a good wedding gift.

Oct 11, 2017 03:45 AM #14
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Sounds like a good program, especially for young couples starting a family.  In my mind, it has been done without a program in place, as I have seen money trees at weddings, which seemingly, the money they receive on that tree could be saved up for use towards a down payment.

Oct 11, 2017 08:11 AM #15
Erin Bates
CMG Financial and Expansion Marketing Services - Aurora, CO

Kathy Streib and Brian England -  you got the idea!! The cool thing about this program is that the funds do not have to be sourced OR seasoned. Typically gift funds have to come from a blood relative and require significant documentation for the lender, or they have to be held/seasoned for a full 60 days. HomeFundMe requires neither and buyers can raise money all the way up until days before closing! YAY! 

Oct 11, 2017 10:22 AM #17
Erin Bates
CMG Financial and Expansion Marketing Services - Aurora, CO

Myrl Jeffcoat you hit the nail on the head! 

Oct 11, 2017 10:22 AM #18
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Area Real Estate

It's another program to put in the toolbox but I noticed you said R's can contribute -  not on my planet.

Oct 11, 2017 01:17 PM #19
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Belinda Spillman The HomeFundMe down payment program will help many first time home buyers.

Oct 11, 2017 04:26 PM #20
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Some catch the wave while others watch it roll by.

This program, and many others that embrace the participation in the 'why' of others, currently influences ALL markets in ways those who are immersed 'IN" there business, can not see.

The SHARING ECONOMY, of which I have bogged about before, embraces these initiatives and will reward those of like mind and vision.

Kudos to Erin Bates  for a great guest blog and also to Belinda Spillman for nurturing such an exceptional daughter.

Oct 12, 2017 06:48 AM #21
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

I sorta hate to see the mentality that only cash is welcome as a wedding present. But people like things quick and easy, and that's easy.

Oct 12, 2017 10:14 AM #22
Wayne and Jean Marie Zuhl
Hallmark Realtors - Clark, NJ
The Last Names You'll Ever Need in Real Estate

For events that I would purchase a gift off a registry, I think a homefundme donation is a great idea!

Oct 14, 2017 07:18 AM #23
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Thank you very much for sharing information on this program.

Oct 14, 2017 08:44 AM #24
Gary L. Waters, Broker Owner, Waters Realty of Brevard, LLC
Waters Realty of Brevard, LLC - Rockledge, FL
... a small office, delivering big service!

Interesting concept. While I am more of a traditional thinker I guess if it is an option it is easier than going to the store for something!

Nov 09, 2017 12:24 PM #25
Debra Leisek
Bay Realty,Inc Homer Alaska - Homer, AK

I think the world is ever changing and if you dont change with it ...well then it will roll right over you... however..I have some concerns how this loan would be done. These days you have to prove 300 cash in your bank account really came from a garage sale. How does the lender justify cash from several people and create a proper paper trail for the powers that be? 

It is an interesting concept and many cultures pin money to the brides gown at the wedding... down payment on a home is a great way to start a life together! 

Nov 09, 2017 07:56 PM #26
Mick Michaud
Distinctly Texas Lifestyle Properties, LLC Office:682/498-3107 - Granbury, TX
Your Texas Lifestyle is Here!

Sounds interesting.  So this can obnly be used through your company's mortgage program? 


Nov 09, 2017 08:13 PM #27
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Belinda Spillman

Colorado Living!
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