Melanie Cameron Blog

What You Need to Know Before You Crowdfund a Down Payment Main Photo

What You Need to Know Before You Crowdfund a Down Payment


Limitations, Expectations, and Required Steps
Posted: April 07, 2016 by Melanie Cameron

Crowdfunding down payments for homes started to gain some traction in 2014. Many were doing this on sites like Go Fund Me or Indiegogo. Since then, websites providing services specifically for home down payments have popped up. Some present it as an option in lieu of a wedding gift registry. Others, offer it alongside other campaigns for funding home repairs or renovations. Either way, there’s definitely a market out there.

Building up a down payment with the help of friends and family sounds like it would be easy. After all, what else are you doing but collecting $10-$20 here and there, sometimes in place of the typical wedding present? It’s not all it seems to be. Home buyers need to realize that crowdfunding isn’t as easy as it sounds.

Read more on our main blog - What You Need to Know Before You Crowdfund a Down Payment.

Loading Comments