Own Your Future
Build, Manage and Expand Your Wealth
A home provides safety, stability and peace of mind. Homeownership is also the primary way Americans build the wealth that allows them to weather life’s unpredictable moments and pass on assets to the next generation. We support this dream – the American Dream – by providing down-payment assistance to first-time homebuyers who have faced systemic barriers to owning a home.
Borrowers must contribute at least 3% of the home’s price to the down-payment in order to use down-payment assistance from The Dearfield Fund. Our down-payment assistance is provided as an interest-free loan, but homeowners do not make monthly payments. Instead, when homeowners sell or refinance they repay the down-payment assistance they received plus 5% of their home’s appreciation.
Build Wealth With The Dearfield Fund
From the time you decide to purchase a home to the time you sell or refinance your home, the Dearfield team is committed to supporting your journey toward generating personal and community wealth.
Buy Your Home
- Confirm your eligibility for the Dearfield Fund. Contact us to learn more.
- Apply for a conventional loan with a Dearfield-approved lender and get approved.
- Determine your down payment contribution (must be at least 3% of home price).
- Additionally, secure up to $40,000 from the Dearfield Fund for down payment or closing costs.
- Close on your new home and join the Dearfield Fund community.
Manage Your Wealth
- Make monthly mortgage payments and maintain your new financial asset.
- Work with the Dearfield Fund team to learn how to build equity and manage potential hardships.
Expand Your Wealth
- Sell or refinance your home to grow your wealth.
- Return down payment assistance plus 5% of your home’s appreciation to the Dearfield Fund.
Wealth Calculator
Estimate how much wealth you will build through homeownership and the Dearfield Fund