Seller Information


Living in one's own home signifies security and success in life. Yet the ability to afford the down payment and/or closing costs for a home remains one of the most challenging hurdles for many Americans. According to the Department of Housing and Urban Development, the #1 barrier to homeownership in the United States is the lack of a down payment and/or closing costs.

The American Family Funds Gift Programs assist working families with steady employment who are unable to save the required down payment. Under current law, our programs allow the seller, lender, realtor and buyer to work together with a Non-Profit 501(c)3 Charity to help deserving families get their down payment and/or closing costs. These are true gifts that are not repaid. Down Payment Assistance Programs are the best-kept secret behind the sustained strength of the residential real estate market. By the end of this decade, Down Payment Assistance Programs will provide $6 billion in gifts to help 2 million individuals and families become homeowners.

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