(Isstories Editorial):- 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 it’s powered entirely by charitable donations.
The nonprofit’s mission is to give working families — especially teachers, military, law enforcement, firefighter, first responders, healthcare workers, and others priced out of today’s housing market — a path to stable homeownership.
“Our donors aren’t just giving money — they’re 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. It’s impact that multiplies for generations.”
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A Donation That Keeps Giving
Unlike traditional assistance programs, First Key Funding’s 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.
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. “We’re 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)
First Key Funding
*****@firstkeyfunding.com
727-477-1963
Tampa FL Area
http://www.firstkeyfunding.com/
This article was originally published by IssueWire. Read the original article here.
