Mortgage Ready Buyers May Benefit from Down Payment Help
Homeownership Program Index analyzes 7 markets with the greatest potential impact of down payment assistance
Atlanta, GA, February 12, 2019 — The Down Payment Resource Third and Fourth Quarter 2018 Homeownership Program Index (HPI) reports the number of total programs decreased to 2,524, down just three programs from the second quarter. More than 85 percent (85.8%) of programs currently have funds available for eligible homebuyers, down one percent from second quarter.
Down Payment Resource (DPR) communicates with 1,313 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. keep reading
Down payment help sounds great, but how does it actually work? What process should you follow?
While down payment programs vary greatly by state and community, there are some universal steps that will help you stay on track if a homeownership program is part of your home financing plan. Let’s look at how it worked for one Florida buyer recently highlighted in Business Insider. keep reading