Annette  Lawrence , Palm Harbor, FL 727-420-4041, Making FLORIDA Real Estate EZ  (ReMax Realtec Group)

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Mike & Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

Sorry, I don't like moochers...

If they cannot scrape up 3% DP by tightening their belt or getting another job, they will not be able to afford to stay in the house.

At one time in my life I had 3 kids and 3 jobs...


Oct 11, 2017 08:05 AM
Ryan Huggins - Thousand Oaks, CA - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Sounds like "If you can fog a mirror, you can get a loan" for downpayments.  Why don't we just do an Oprah and everyone gets a home!

Oct 11, 2017 08:52 AM
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

I read about this program via posts by Erin Bates and Belinda Spillman.  It's always good to be aware of different options.  Perhaps...a good conversation starter.

Oct 11, 2017 06:56 AM
Erin Bates
CMG Financial and Expansion Marketing Services - Aurora, CO

@Annette Lawrence - I work for CMG and actually just shared a post on this yesterday (as a guest blog for my Mom, Belinda Spillman) - 

Here is a link to the blog:


AND to answer your question ... what does this product mean to me?

  1. I get to help others, proabably a lot of my millennial and GenX peers realize their dreams of homeownership
  2. I get to help lead the way into the wave of the future - aka outside of the box thinking to address problems we have in society (ie: the biggest pool of home buyers - millennials and genXers- is struggling greatly to save large sums of money but CAN qualify to buy homes and maintain the monthly payments with low-debt-to-income ratios).
  3. I get to REFER PRE-QUALIFIED eager, and ready buyers to REALTORS in almost all 50 states. 

@MichaelJacobs thanks for the tag!

Oct 11, 2017 10:27 AM
Fred Griffin
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  They won't have any skin in the game.  High risk; potential default on the mortgage.

Oct 11, 2017 08:20 AM
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Thank you for sharing this Annette Lawrence , Palm Harbor, FL 727-420-4041 - I do work with first time buyers and likely will not be looking into this program.  The last first time buyer I closed in Sept. 2017 sale price was $975,000.

Oct 11, 2017 08:18 AM
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Area Real Estate

You know it's not a bad idea to register for this as a wedding gift. GoFundMe a house!

Oct 11, 2017 01:11 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Kind of defeats the purpose of  down payment, surprised that fanny and freddy are okay with it.

Oct 11, 2017 11:15 AM
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Sounds like another strategy to entice marginal buyers who will have no "skin in the game".

Oct 11, 2017 08:50 AM
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Los Angeles CA

Looks like lenders become very creative, almost desperate to get loans to anyone.....

Oct 12, 2017 12:00 AM
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

You got quarter million dollars in the bank?  If you don't can you go inside a bank and walk out with more w/ or w/o a stocking on. I will wait on you looking for a modest cottage here in Silicon Valley.

Oct 11, 2017 03:38 PM
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

I do work with FTHB but not with crowdfunding - tells you something about the longevity of the loan IMO if they can't come up with the down payment how are they going to manage the loan, taxes and maitenance of home ownership?

Oct 11, 2017 10:11 AM
Debe Maxwell, CRS | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Yes, I am working with first timers but, no, they need to have some skin in the game. I don't want them in the same boat others with 100% were in that lead to the recession.

Oct 11, 2017 09:30 AM
Ronald Gombach
The Gombach Group - Morrisville, PA

After that, the platform will match donations at $2 for every $1 raised, up to $2,500.

Not clear — are they doubling with a max of $2,500 if $1,250 raised in crowdfunding ($3,750)?  Or, are they doubling with a max of $5,000 if $2,500 raised in crowdfunding ($7,500)?

Oct 11, 2017 09:09 AM
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I don't believe I will at this time.

Oct 11, 2017 08:09 AM
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Yes and no.

Oct 11, 2017 08:03 AM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Thank you for the information Annette Lawrence , Palm Harbor, FL 727-420-4041 

Oct 11, 2017 07:25 AM
Richard Bazinet /MBA, CRS, ABR
AZuRE Team - Realty ONE Group - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

I read about it, very interesting. In the long run, I'm skeptical of traction this will get.

Oct 11, 2017 07:18 AM
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

As long as I'm paid monthly dividends and my % upon sale, I'm good with it.

Oct 11, 2017 07:48 PM
William Feela
Realtor, Whispering Pines Realty 651-674-5999 No.

I see these  gimick loans as another  Start of foreclosures because no skin so no loss!!!

Oct 11, 2017 05:53 PM
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I have seen this for several years now. Many to be wed couples are asking for funds to put toward their new home or their honeymoon. There is a mortgage company in my area that will pay 2% of sales price toward down payment if buyer will put in 1%. I have closed 2 loans this way. It is a conventional program.

Oct 11, 2017 05:28 PM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy


Not something I would participate in.

Oct 11, 2017 04:58 PM
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Why would "crowds" pay for somebody else's downpayment? Great idea to try... and the matching donation promise is super.

Oct 11, 2017 01:06 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Thanks for sharing this information.

Oct 11, 2017 07:55 AM
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

well, maybe not the program for a buyer for one of our listings.... just saying!  I like strongest and cleanest deal.... I'd want to know the flip side of that positive scenario...

Oct 11, 2017 07:40 AM
Sandy Padula and Norm Padula, JD, GRI
Realty One Group - Carlsbad, CA
Presence, Persistence & Perseverance

No; while I understand the desire of everyone to own a home, it always means much more when it is earned.

Oct 12, 2017 06:26 AM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I will check it out.

Oct 12, 2017 06:15 AM
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Lyn Sims nailed this one!

Oct 12, 2017 05:36 AM
Nathan Gesner
American West Realty & Management - Cody, WY
Broker / Property Manager

It sounds like they are borrowing money to borrow money. I'm of the mind-set that responsible home ownership starts with a little sacrifice like learning to budget and save.

Oct 12, 2017 05:19 AM
Brian L. Sirota, Esq.
Bristar Realty (Realtor/Attorney) - Orange, CA
For Solutions: (714) 501-7660

If a young couple comes to you, as an agent, and explain they had crowdsourced a downpayment and demonstrated themselves as qualified buyers, you'd gladly enjoy your commission on their home purchase.

The only difference: The buyer isn't coming to you having already crowdsourced;  instead, this concept prevails on the agent to suggest it as an additional resource.   Once you learn of a viable resource, does being a fiduciary instruct you to simply ignore it because it doesn't jive with your own values?    Clients deserve so much better.

It's remarkable to hear agents harshly judging their own clients after they've collected commissions.  Agents are not and should not be the financial prognosticators of their clients, nor should they be imposing their own value system on them.    

Oct 11, 2017 02:42 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I would need to look at the fine print.

Oct 12, 2017 06:30 AM
Mike Kelly,CRS,CIPS
The MJKelly Team - Santa Rosa, CA
"One of Sonoma County's Natural Resources"

I just had the branch manager of CMG on my weekly radio show for an hour discussing this very subject. The good thing about it is NO fees for the "Home Fund Me" site payable by a buyer, funds are immediately useable so NO seasoning and Realtors, if they wish, can contribute to the cause by donating a part of their brokerage fee. Good deal all the way around. 

Oct 11, 2017 06:26 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Annette Lawrence , Palm Harbor, FL 727-420-4041 This program can help many first time home buyers.

Oct 11, 2017 03:47 PM