Skip to main content

Homeownership Preservation Foundation and CMG Financial Partner on HomeFundMe

Apr 30, 2018
The Homeownership Preservation Foundation (HPF) and CMG Financial will be helping more people reach their dream of owning a home, through pre-purchase education and homebuyer preparation with CMG Financial’s proprietary downpayment crowdfunding platform,

The Homeownership Preservation Foundation (HPF) and CMG Financial will be helping more people reach their dream of owning a home, through pre-purchase education and homebuyer preparation with CMG Financial’s proprietary downpayment crowdfunding platform, HomeFundMe.
 
Aspiring homeowners who participate on CMG Financial’s HomeFundMe platform and work with HPF will receive coaching that will include a financial review, budgeting and planning education on the homebuying process, and preparation for challenges that may arise while owning a home.
 
“More than nine million consumers have turned to the Homeownership Preservation Foundations’ 888-995-HOPE Hotline as a trusted resource over the past decade,” said David Berenbaum, Chief Executive Officer of the Homeownership Preservation Foundation. “We look forward to collaborating with CMG Financial to help the next nine million consumers realize sustainable homeownership through our HOME pre-purchase counseling and financial coaching programs.”
 
The HOME program offers HUD-certified pre-purchase counseling and coaching, so people can prepare for homeownership, ease their mortgage approval and make informed decisions before they buy a home. For CMG Financial clients who have already signed a purchase contract, the HOME program will prepare them for expenses related to closing, as well as other budgeting and financial responsibilities of a long-term homeowner.
 
HomeFundMe allows prospective homeowners the ability to crowdfund their downpayment online through the simplest downpayment gifting platform in the nation. There are no transaction fees and each user is provided a fundraising coach to assist them with their campaign. In conjunction with the ability to crowdfund, people will have an opportunity to receive up to a $2,500 grant if they complete pre-purchase education or homebuyer preparation from HPF. CMG Financial will reimburse the cost of education and preparation at closing for anyone currently enrolled with HPF that uses HomeFundMe.
 
“Downpayment assistance program access nationwide is inconsistent and sometimes absent, making HomeFundMe one of the few nationwide options to create opportunities in markets currently under supported,” said Paul Akinmade, Chief Marketing Officer of CMG Financial. “We are passionate about giving prospective homeowners the education needed to make smart homebuying decisions. We are very excited to be working with the Homeownership Preservation Foundation as we believe HomeFundMe gives counselors and coaches additional options when helping people achieve the dream of homeownership responsibly.”

About the author
Published
Apr 30, 2018
FHA To Lay Off 40% Of Workforce

Mass terminations across the federal government expected to hit federal mortgage insurer

Feb 18, 2025
Mass Firings At CFPB Imminent, Filing Says

Unions representing CFPB employees said 95% of the Bureau's workforce could be cut by the weekend

Feb 14, 2025
Realty Fees On The Rebound

Real estate commissions are trending back up, post-NAR settlement.

Feb 13, 2025
Wire Fraud Losses Are Mounting

First-time homebuyers are especially at risk for wire fraud, report finds.

Feb 13, 2025
HUD Secretary Halts Equal Access Rule Enforcement

HUD to be transformed 'in His own image'

Feb 10, 2025
Rocket's All-American Return To The Super Bowl

The company spends millions to remind Americans of "the meaning of home."

Feb 10, 2025