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

Down Payment Program Data Grows in Size and Scope

Homeownership Program Index Reports More Than 16,000 Program Changes in Q3 2017

Down Payment Resource communicates with more than 1,300 housing agencies each month to make updates to homeownership programs. While the total number of programs and funding availability remained steady, this quarter the company made 16,435 total program edits, including important eligibility requirements, program guidelines and funding status.

The total programs increased to 2,487, up 18 programs from the previous quarter. More than 87 percent (87.1%) of programs currently have funds available for eligible homebuyers, up slightly from the previous quarter.

“We’re proud to be the first company to develop a nationwide database of down payment programs, but it’s an even greater achievement to keep those details up-to-date. Every month, we work with housing agencies across the country to catalog the latest program information into our database, helping ensure homebuyers, lenders and agents have accurate, searchable details,” said Rob Chrane, Down Payment Resource CEO. keep reading