REALTOR® and First Multiple Listing Service (FMLS) member Sid Lightford became a down payment assistance specialist in 2007. Sid said most homebuyers aren’t aware these programs exist, but they can help meet a real need. Even though the program education and research took additional time, it led to new clients and referrals.
“Buyers are amazed that they could get a home for less than they are paying in rent,” said Sid.
Now that FMLS has integrated Down Payment Resource into its listing data, Sid can quickly pinpoint the specific programs for which a listing can qualify.
“I really like Down Payment Resource in FMLS. In the past, I would have to call the lender to ask about a specific property or use a map to determine what homes may qualify,” said Sid. “Clicking on that link and knowing exactly what programs the home could qualify for helps me tremendously. I save time and can more easily help my buyers save money.”
Sid uses the information in Down Payment Resource to explain to her clients the variety of programs that may be a fit for their personal situation. She shares the details with her clients through email first and then follows up to more fully explain their options and next steps. keep reading