Down Payment Assistance Program Types and Features

Q2 2021 HPI Infographic - Down Payment Assistance Program Types and Features

The Second Quarter 2021 Homeownership Program Index (HPI) reveals that Down Payment Assistance (DPA) programs make up 73 percent of the programs in the Down Payment Resource database.

These programs may come in the form of a repayable second mortgage loan or a non-repayable grant. They’re offered by federal, state, county or local government agencies, nonprofits or employers, and they’re available across the country for income- and credit-qualified buyers ready for homeownership. keep reading

Manufactured Homes, Plus Down Payment Assistance, Could Be an Affordable Housing Solution

Down Payment Resource, the nationwide database for homebuyer programs, today released its Fourth Quarter 2020 Homeownership Program Index (HPI). The number of total programs is 2,305, and over 81 percent (81.4) of programs currently have funds available for eligible homebuyers.

Down Payment Resource (DPR) communicates with 1,129 program administrators to track and update the country’s wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates (MCCs), affordable first mortgages and more.

One notable change in the Fourth Quarter 2020 HPI was a 3 percent increase in the number of programs that allow for manufactured housing. As low inventory and price increases hinder first-time homebuyers, manufactured homes may be an affordable option. keep reading

Homeownership Program Index Report Debunks Top 5 Down Payment Myths

HPI Q4 2019 graphic

Down Payment Resource, the nationwide database for homebuyer programs, released its Fourth Quarter 2019 Homeownership Program Index (HPI). The latest HPI data debunks five common down payment myths that may be keeping buyers on the sidelines longer than necessary.

Down Payment Resource (DPR) communicates with 1,165 program administrators to track and update the country’s wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates (MCCs), affordable first mortgages and more.  keep reading