What Homebuyer Hopefuls Want From Agents and Lenders

Renters who want to buy in the future may feel like they have the cards stack against them.

We know the big issues: lack of starter home inventory, rising interest rates, student loan debt and the hurdle of saving for a down payment. In fact, according to the Zillow Housing Aspiration Report saving for a down payment was a barrier for 70 percent of renters, topping other hurdles such as job security and qualifying for a mortgage.

In a new Down Payment Resource survey of 750 future homebuyers, 85 percent said they were looking to buy a home in the next six months, but 63 percent did not have money saved for a down payment. keep reading

Homebuyer education expands during National Homeownership Month

Homebuyer education is a key component to successful homeownership.

Down Payment Resource (DPR) and eHome America recently expanded their partnership to enhance the awareness of both online homebuyer education and the availability of programs for down payment and closing cost help, tax credits and affordable mortgages.

Since 2014, eHome America’s nonprofit counseling network have used DPR’s search platform to match clients to down payment help. Now, homebuyers can visit a new program search page to learn more about down payment help and get registered for its improved online course. The course also allows consumers to search, find and explore all the details for programs that accept a certificate from eHome America to meet homebuyer education requirements.

Read the full press release for more details. keep reading