American Family Gift Fund

Real Estate Agent with EXIT 1st Class Realty

This is an AMAZING program that will give buyers what they need in closing costs, out of pocket expenses(ie...home inspection) and actually might have something left over for them to leave the closing table with.

This is how it works... you ask the seller for 6% of sales price in the offer.  If the seller is agreeable, the money is put in this fund as a gift to the new buyer.  They can use it toward closing costs, out of pocket buyer expenses... etc.  The money left over is given to the buyer as well. 

Incredible for marketing to first time home Nancy Davis at Mortgage America for more info.  Local to Melbourne, use her all the time, does a phenomenol job!

Comments (5)

Ron Martin
Keller Williams Realty - Spartanburg, SC
Ron Martin Team

Hi, welcome to Active Rain! Learn from others, share your knowledge and experiences. Have fun with it and hope to see more of your blogs soon!

Aug 08, 2008 03:35 PM
Kevin Sandridge
Signature Home Funding - Winter Haven, FL
Winter Haven Mortgage Broker


Hi Corrine!

Kevin Sandridge, here.  I just joined the Active Rain community myself and wanted to drop a line to share some of the good vibes and welcome wishes I have received already. It's great to see another FL-Based colleague in the network! 

I'll actually be hosting a Downpayment Assistance Program conference call at 2:00 PM on August 14th (next Thursday).  This is a don't miss event!  John Lamberg, the Florida Manager for the Nehemiah Corp. (one of the leading DPA programs) will be co-hosting with me!  If you're interested, let me know via email and I'll send you the link for it!

I'm very excited about this community - basically because folks seem so willing to help out, provide industry insight, and share their good news and experiences!

A couple of things: 

One:  Please consider increasing the information on your profile page.  Check out the profiles on other Realtor's sites here on Active Rain who are listed as "Featured" or "Tops" in their area (look for high point totals).  You'll find that this will seriously boost your presence on ActiveRain - via the added points. 

Two: I urge you to keep blogging on this site!  You will be AMAZED at the awesome feedback you receive very soon after they hit the network!  I use Google Reader to subscribe to blogs that provide me with ideas about what I'd like to comment on - both industry wise and just for fun!  Check it out I am more than willing to step you through the site and to help you get a few more blog posts generated if you wish - as a way of adding some value and paying forward some good networking vibes!  :)

Lastly, I'm sure you know that 33% of the FHA Loan purchased homes last year used Downpayment Assistance Programs.  Today, this number is way up  - actually over 40% in the 1st five months of 2008!  I'm actually hosting a conference call w/ the FL manager of Nehemiah on August 14th, if you'd like to learn more about DPAs and what's going on.  Drop a line to let me know and I'll be sure you get on the call.

I do quite a lot of work via social networks, email campaigns, and relationship building.  If I can ever be of any assistance, don't hesitate to ask.

Looking forward to what you'll share with us all here on Active Rain!  :)


Kevin Sandridge

Winter Haven, FL



Aug 08, 2008 05:49 PM
Ginger Ryals
Prudential C Dan Joyner and Young Realtors - Spartanburg, SC

Welcome to Active Rain!!  Have a great day!! Look forward to seeing more of your blogs... Ginger

Aug 09, 2008 06:06 AM
Crystal Corr
Keller Williams Greenville Central - Simpsonville, SC

Welcome to Active Rain. I hope you will enjoy it and learn from it as much as I do. Happy Blogging.

Aug 09, 2008 03:31 PM
Starstate Realty
Starstate Realty - Austin, TX

Hi Corrine  - Happy New Year.  Welcome to ActiveRain. I look forward to networking with you and reading your future post. Have a great day!!!

Jan 07, 2009 05:14 PM