Watch a Video Showcasing our Frequently Asked Questions


Watch a Video Showcasing Its Work Flow from Application to Close


There are NO Fees associated with; NO Application Fee, NO Broker Fee or added fees or any kind. Nevertheless, there will be certain 

upfront costs associated and needed from ALL Homebuyers to initiate the purchase of their new homes, which must be paid out of Homebuyer's own funds  

(Credit Report, Earnest Deposit, Appraisal Report and Property Inspection Report


Before applying for Down Payment Assistance, requires that ALL Homebuyers get familiarized with the following content: 

"Frequently Asked Questions" 

, "Workflow"

  , "Down Payment Assistance Calculator"


 "Supportive Documentation" 

NOTE: requires that ALL Homebuyers utilize our "Down Payment Assistance Calculator" before they begin their buying process to pre-determined

a) Potential eligibility for purchase price

b) Approximate monthly payment

c)  Approximate cash to close needed out of Homebuyer's own funds

d) Connect with to become familiarized with their local Real Estate Market.

NOTE: requires that ALL Homebuyers visit the "Homebuyer's Registration" page to get a Customer ID # before they call Customer Service.

1. Pre-Qualification Call to Customer Service Department

Homebuyers call our Customer Service Department with their new Customer ID # to complete their "Pre-Qualification Questionnaire" and "Needs Analysis" The approximate length of time needed for this call is one (1) hour and fifteen minutes. Homebuyers receive the Customer Service Department's telephone number from our Associate Members upon receipt of their new Customer ID #

(A) "Pre-Qualification Questionnaire" is conducted to reconfirm Homebuyers potential eligibility:

i. Potential eligibility for purchase price

ii. Approximate monthly payment

iii. Approximate cash to close needed out of Homebuyer's own funds

 (B) "Needs Analysis"  is conducted to establish the specific details of Homebuyer's requirements

               i. Type and description of property

               ii. Location

               iii. Price point 

               iv. Distance from work and school

               v. Special needs for worship and hospitals 

               vi. etc

(C) A preliminary Property Search will be conducted with Homebuyer to reconfirm that their potential eligibility matches their local Real Estate Market Conditions


2. Pre-Approval Period

Should the "Pre-Qualification Questionnaire and "Needs Analysis" yield positive results, Homebuyers proceed to complete their online application and upload their supportive documentation.

NOTE: and its preferred lenders  DO NOT  work with mortgage "Pre-Qualification Letters" ; We ONLY work with 

actual government backed Pre-Approvals obtained directly from the actual Fannie Mae - Freddie Mac interfaces which specify the exact 

terms and conditions of the mortgage loan and what is needed to process it and close it.

a. pre-approves your Down Payment Assistance Grant within 4-5 days of receipt of application & supportive documentation 

b.     Preferred lender pre-approves your Mortgage Loan within 4-5 days of receipt of application and supportive documentation:

               (i) Preferred lender submits your loan application and supportive documentation DIRECTLY into the Fannie Mae, 

                   Freddie Mac interface (Conventional – FHA, USDA or VA) to obtain a D.U. Approved Eligible Loan Pre-approval. 

              (ii) The findings of the D.U Eligible Loan Pre-approval specify the terms and conditions of your loan approval and what is needed 

                   to process and close your Mortgage Loan in 30-45 days.

3. Meet your Team

a. assigns you to one of its preferred Realtors. Your Realtor searches and emails you 

        listing information on available properties that closely match your buying criteria and sets up appointments for you to visit and view 

        your selected properties

b.     FundMyHome assigns you to one of its preferred lenders who will complete and process your loan application.

c. assigns you to one of its preferred Title Agents who will arrange for and 

        process all the details pertaining to Title work and close the purchase transaction between you and your seller.

4. Shop for your New Home

a.     Visit and view selected properties with Realtor

b.     Choose the home you wish to purchase

c.     Negotiate terms and conditions of sale.

d.     Sign Purchase Agreement

e.     Give Seller Earnest Deposit:

               e(i)     Earnest Deposit deposited directly with preferred Title Company

               e(ii)    Earnest Deposit paid for out of Buyer’s own funds

               e(iii)   Earnest Deposit protected by terms and conditions of the contract

               e(iv)   Earnest Deposit is suggested to be a minimum of $3,000.00

               e(v)  DOES NOT  receive or handle Earnest Deposits 

5. Submission of the Signed Purchase Contract to Bank

a.     The fully counter-signed Purchase Agreement along with the Loan Application, All Supportive Documentation 

        and DU Eligible Mortgage Loan Pre-Approval are promptly submitted to bank for processing and closing.

b.     Bank emails Homebuyer Loan Disclosures / Loan Estimate

c.     Homebuyer acknowledges receipt of Loan Disclosures / Loan Estimate

d.     Bank is now authorized to order the "Appraisal Report" 

e.     Mortgage Loan processing time frame is typically 30-45 days

6. Appraisal Report

a.     Bank orders Appraisal Report at an approximate cost of $450.00 (paid for by Homebuyer)

7. Property Inspection Period


With the exception of new construction, Residential Real Estate is typically bought and sold "As is with the right to inspect" which means that

Buyers purchase the property AS IS and Sellers are exempt from any obligation to warrant the condition of their properties, and are exempt 

from any obligation to repair them. As such, it is highly recommended that Buyers hire a professional home inspector to inspect the condition

of the subject property during the "Property Inspection Period" of the contract.  

a.     Property Inspections are optional, yet highly recommended

b.     Realtor orders a Property Inspection Report at an approximate cost of $350.00 (paid for by Homebuyer)

c.     As per the covenants of the "Property Inspection Period" clause of the contract, Homebuyers have the right to cancel the Purchase 

        Transaction and be released from all of its contractual obligations provided that they cancel the contract within the "Property Inspection 

        Period" at which event, Homebuyers are also entitled to be refunded the full amount of their Earnest Deposit.

d.     The "Property Inspection Period" is typically seven (7) calendar days.

8. Final Loan Approval

a.     Homebuyer notifies Seller of Homebuyer’s receipt of Loan Approval within the "Loan Approval Period" as stipulated within the 

        Purchase Agreement.

b.     The "Loan Approval Period" is typically 30 days

9. Clear to Close

a.     Your Mortgage Loan is "Clear to Close" upon the Bank's satisfactory completion of their underwriting process

b.     The closing of the purchase of your new home takes place at the offices of the Title Company in 3-4 days after the loan is 

        "Clear to Close"

10. Loan Closing

a.     Real Estate Mortgage Grants and Down Payment Assistance, Inc., wire transfers the funds allocated for Down Payment Assistance on behalf of HomeBuyer    

b.     Bank proceeds to wire transfer funds to Title Company and emails Funding Docs

c.     Homebuyer wire transfers to Title Company what remaining funds are needed to close

d.     Seller signs Seller’s Docs

e.     Homebuyer signs Buyer's Docs, Mortgage and Note

f.     Title Company Closes Purchase Transaction

g.     Homebuyer receives KEYS and Closing Documents

h.     The end....... Homebuyer becomes Homeowner