Habitat Build Day: Helping One Family Achieve Their Dream

By Tracey Shell

Here at Down Payment Resource we work hard everyday to gather the details of programs that are available to help more families become homebuyers. But, sometimes when you’re behind your laptop or at a conference, you can lose sight of the big WHY: why your day-to-day job matters.

This holiday season, our team got out of the office and took some time to help one family achieve their homeownership dream. With Giveback Homes, we sponsored an Atlanta Habitat for Humanity Build Day, and also provided sweat equity by working onsite. And, to make it even more fun, we invited local agents who use our service to join us. keep reading

Is your rent too high?

The age old real estate question: Should you rent or buy?

It’s a question that many consumers debate and there’s no one right answer. From a pure economical standpoint, you can assess the market’s “rent gap,” or difference between the cost of owning and renting. In a negative rent gap, buying is the more affordable option and in a positive rent gap, you’re likely better off renting.

While homes today are still affordable, rising interest rates and home prices are preventing many buyers from saving for their down payment and getting into a home. Like most things in real estate, it’s all about location.    keep reading

Report Recommends Raising Consumer Awareness of Down Payment Assistance

A new report on credit access and affordability by the Urban Institute’s Housing Finance Policy Center commissioned by Down Payment Resource and Freddie Mac shows how many homebuyers could have taken advantage of down payment assistance and other affordable lending programs in 2016.

The Barriers to Homeownership: Down Payments, Credit Access, and Affordability report  provides data and commentary on three significant barriers to homeownership: saving for a down payment, accessing mortgage credit and housing affordability.

The report also offers information about down payment assistance programs which can help borrowers overcome that barrier. It includes an interactive map of the U.S. which allows users to compare 16 housing market factors, including homeownership programs, between states.  keep reading