Buying a new home? Find out if it qualifies for down payment help.

If you have your heart set on purchasing a new construction home you aren’t alone. With low inventory of existing homes for sale in many parts of the country, new construction demand is heating up.

As you consider financing a new construction home, take time to look into state and local down payment assistance programs that may help make the home more affordable. That’s right, your new home may be eligible for down payment help. keep reading

6 Ways New Buyers Can Compete in a Tight Market

When you’re the newbie buyer on the block, it can be tough out there. What can you do to be more competitive when you’re up against tight inventory for entry level homes and higher prices? Plus, if you’re currently renting, you don’t have equity from a home sale to help fund your down payment.

We break down six ideas that can help you (finally!) score a home of your own. keep reading

10 Years of Opening New Doors to Homeownership

It’s a perfect 10.

During June Homeownership Month, we’re excited to celebrate our 10th year in business. Down Payment Resource is the first in the housing industry to aggregate and keep current information about homeownership programs nationwide. Today, we integrate data about program benefits and eligibility criteria with Multiple Listing Services, lenders and agents.

Homebuyers consistently rank the down payment as the greatest obstacle to homeownership and, unfortunately, many opt out of buying a home because they overestimate or don’t understand the down payment requirements.

“DPR has straddled the intersection of real estate sales, mortgage banking, and affordable housing for the last 10 years. We’ve learned that buyers who can benefit from down payment help are a significant and underserved market segment, not the small niche many mistake it for,” said Rob Chrane, CEO of Down Payment Resource. “I’m proud of the work our team has done to help elevate the conversation of homeownership programs in communities across the country and empower more homebuyers with information that could help them buy a home sooner.” keep reading