About Us
At Downpayment Angels, we believe in the power of collective generosity to transform lives. Our mission is to help deserving families overcome the financial obstacle of a down payment, making the dream of homeownership a reality. By bringing together compassionate individuals with a shared purpose, we create not just an impactful act of giving, but also a community of like-minded people dedicated to making a difference.
Our Founding Story
Down Payment Angels was co-founded by a retired physician and accomplished entrepreneur. Throughout his career he achieved notable success in both nonprofit and for-profit ventures, including Big-Hearted Battles, which was featured by Lester Holt on NBC Nightly News. His passion for innovation and altruism inspired the creation of this unique initiative.
The idea for Down Payment Angels was born out of an experience one of our co-founders had helping a friend with a handicapped child with the downpayment on a house. The friend could qualify for a mortgage but struggled to save for the initial down payment. Witnessing how this act of generosity transformed his friend's life left a profound impression on the co-founder, and motivated him to create an opportunity for others to share in this deeply fulfilling experience.
Who We Are
Downpayment Angels is a group of individuals aged 65 or older, many without children of their own, who come together to collectively fund the down payment for a deserving family. Members are carefully vetted through Zoom interviews to ensure alignment with the values and purpose of the group.
Beyond financial contributions, Downpayment Angels is about fostering connections. Members meet quarterly over Zoom, building meaningful relationships with one another while collaborating on this shared mission. Members also offer their expertise to the home buyers. For example one of our members is a lawyer that donates his time to cover closing costs.
What We Do
The Angels select a recipient through a unique contest. Friends and family nominate individuals who have dedicated their lives to helping others and who are ready for the responsibility of homeownership but lack the resources for a down payment. The nominator of the chosen recipient receives a $500 award, and the selected family receives the down payment needed to secure their new home.
Our Vision
Our founders envision Downpayment Angels as the start of a movement—one that inspires similar groups across the country to create ripples of change in their communities. At its heart, this initiative is about more than funding down payments; it’s about generosity, human connection, and the profound impact we can achieve when we come together with purpose.
Join us in changing lives, one down payment at a time.
