Tampa, Florida Aug 6, 2025 (Issuewire.com) - With home prices soaring and down payments putting ownership out of reach, one Florida nonprofit is offering a bold new solution. First Key Funding has launched a revolving loan fund that provides no down payment, low-interest home loans to first-time buyers and its powered entirely by charitable donations.
The nonprofits mission is to give working families especially teachers, military, law enforcement, firefighter, first responders, healthcare workers, and others priced out of todays housing market a path to stable homeownership.
Our donors arent just giving money theyre creating legacies, said Kendall Bond, founder of First Key Funding. A $100 donation today can help a family buy their first home and when that loan is repaid, the same funds are used again to help the next buyer. Its impact that multiplies for generations.
A Donation That Keeps Giving
Unlike traditional assistance programs, First Key Fundings approach is built on sustainability. Every dollar donated is pooled into a revolving loan fund used to make affordable loans to qualified buyers. As these loans are paid back, the funds become available again creating an ongoing cycle of support.
Why Now?
According to recent data, over 70% of renters in Florida say they want to buy a home but are unable to save for a down payment. At the same time, corporate investors are buying up affordable properties further shrinking opportunities for local families.
First Key Funding is working to change that by competing with cash buyers, purchasing properties, and reselling them to first-time homeowners at cost, with low interest and no money down.
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QUICK FACTS: First Key Funding vs. Traditional Mortgage
Scenario: Traditional Mortgage - Home Price $155,000 - Down Payment $31,000 (20%) - Interest Rate 7.5% - Estimated Monthly Payment ~$870 - Total Loan Cost (30 Years) ~$265,000
Scenario: First Key Funding - Home Price $155,000 - Down Payment $0 - Interest Rate 1% - Estimated Monthly Payment ~$500 - Total Loan Cost (30 Years) ~$180,000
With First Key Funding, buyers save over $85,000 in interest and avoid the burden of a 20% down payment.
** Estimates are based on 30-year fixed-rate loans. Does not include property taxes, insurance, or HOA fees.
How to Get Involved
- Make a tax-deductible donation today:
https://www.firstkeyfunding.com/donation-options - Nominate a deserving family for future funding
- Partner with First Key Funding for sponsorship or corporate giving
Whether you give $25 or $25,000, your donation will change lives again and again, Bond said. Were inviting the community to help us protect the American dream of homeownership.
About First Key Funding
First Key Funding is a Florida-based 501(c)(3) nonprofit committed to helping first-time homebuyers achieve homeownership through a donor-supported revolving loan fund. By removing down payment barriers and offering low-interest loans, the organization empowers working families to build wealth and community stability.
Media Contact:
Kendall Bond
Founder, First Key Funding
727-477-1963
[email protected]
https://www.firstkeyfunding.com
https://www.firstkeyfunding.com/contact-us (for logos, photos, interviews)
Media Contact
First Key Funding
727-477-1963
Tampa FL Area
Source :First Key Funding
This article was originally published by IssueWire. Read the original article here.