Homebuyer surveys report a big gap between perception and reality when it comes to down payments. And considering that saving for a down payment the number one challenge for new buyers, it’s probably time to brush up on your facts. keep reading
Could a down payment program give you the boost you need to move up to your next home?
It’s true. In fact, our latest Homeownership Program Index found an increase in the share of programs without a first-time homebuyer requirement. This means more homeownership programs can serve repeat and move-up buyers. keep reading
Industry data shows use of down payment assistance doubled in four years
Homeownership Program Index Reports Program Funding Down Nearly 3% While Down Payment Assistance Use Increases
Atlanta, GA, July 25, 2019 – Atlanta-based Down Payment Resource, the nationwide database for homebuyer programs, today released its First and Second Quarter 2019 Homeownership Program Index (HPI). The number of total programs decreased to 2,516, down just 8 programs from the fourth quarter of 2018. Nearly 83 percent (82.9%) of programs currently have funds available for eligible homebuyers, down 2.9 percent from the previous index. keep reading