The Impact of COVID-19 on Down Payment Assistance Programs

by Rob Chrane, CEO, Down Payment Resource

We’re closely monitoring the impact of today’s unprecedented environment on Down Payment Assistance (DPA) programs and first-time homebuyers. Lenders are managing extreme refinance demand and volatility in the MBS market. Homeownership program providers are not only taking expected precautions, but also reacting to the same MBS volatility that in some cases is impacting the funding of certain program types.

Fortunately, there are many programs and funding mechanisms. The impact so far has been limited, but the situation remains fluid. keep reading

Homeownership Program Index Report Debunks Top 5 Down Payment Myths

HPI Q4 2019 graphic

Down Payment Resource, the nationwide database for homebuyer programs, released its Fourth Quarter 2019 Homeownership Program Index (HPI). The latest HPI data debunks five common down payment myths that may be keeping buyers on the sidelines longer than necessary.

Down Payment Resource (DPR) communicates with 1,165 program administrators to track and update the country’s wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates (MCCs), affordable first mortgages and more.  keep reading

Down Payment Resource Presents Beverly Faull Affordable Housing Leadership Award to Tonya Todd

Tonya Todd awarded 2019 Affordable Housing Leadership Award

Tonya Todd honored for championing affordable housing programs

Atlanta, GA, February 13, 2020 — Down Payment Resource (DPR) is proud to announce Tonya Todd, Housing Director for HilltopSecurities, as the 2019 recipient of the Beverly Faull Affordable Housing Leadership Award.

The award, named in memory of accomplished real estate veteran Beverly Faull, recognizes an individual who has demonstrated leadership in providing more access to homeownership and affordable housing finance solutions. Faull was a well-respected veteran in the MLS and housing industry and one of DPR’s first employees. keep reading