More Buyers Use Down Payment Help

Homeownership Program Index Q2 2019

Industry data shows use of down payment assistance doubled in four years

Homeownership Program Index Reports Program Funding Down Nearly 3% While Down Payment Assistance Use Increases 

Atlanta, GA, July 25, 2019 – Atlanta-based Down Payment Resource, the nationwide database for homebuyer programs, today released its First and Second Quarter 2019 Homeownership Program Index (HPI). The number of total programs decreased to 2,516, down just 8 programs from the fourth quarter of 2018. Nearly 83 percent (82.9%) of programs currently have funds available for eligible homebuyers, down 2.9 percent from the previous index. keep reading

Down Payment Assistance Program Features Explained

The First Quarter 2018 Homeownership Program Index (HPI) reports the number of total programs decreased slightly to 2,503, down four programs from the previous quarter. More than 86 percent (86.5%) of programs currently have funds available for eligible homebuyers, down about one percent from the previous quarter.

Down Payment Resource communicates with 1,308 program administrators to track and update the country’s wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates, affordable first mortgages and more. This quarter’s HPI explains today’s common down payment assistance program features keep reading

Down Payment Programs Remain Well Funded

Our Fourth Quarter 2017 Homeownership Program Index (HPI) reports a new record high number of homebuyer programs — now 2,507 — available for today’s homebuyers. In addition, the programs remained well funded during 2017. More than 87 percent (87.4%) of programs currently have funds available for eligible homebuyers. While individual program funding can vary, overall funding trends for homebuyer programs across the country remain roughly unchanged from the previous quarter. keep reading