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

Shared Equity Programs Gain Popularity for Municipalities, Private Investors

Our Second Quarter 2017 Homeownership Program Index highlights the latest trends across all down payment programs, plus growth in shared equity program models as homeownership affordability challenges persist for millennial buyers.

The number of total programs increased to 2,469, up 15 programs from the previous quarter. Nearly 87 percent (86.8%) of programs currently have funds available for eligible homebuyers, roughly unchanged from the previous quarter. New programs in the database include shared equity programs that provide a portion of the down payment in exchange for a percentage of equity upon sale of the home. keep reading