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Down Payment Assistance Program Types and Features

Down Payment Assistance Program Types and Features

Tweet Share Share Pinterest The Second Quarter 2021 Homeownership Program Index (HPI) reveals that Down Payment Assistance (DPA) programs make up 73 percent of the programs in the Down Payment Resource database. These programs may come in the form of a repayable second mortgage loan or a non-repayable grant. They’re offered by federal, state, county […]

The Benefits of Homebuyer Education and Counseling

The Benefits of Homebuyer Education and Counseling

Tweet Share Share Pinterest Homebuyer checklists can be overwhelming, especially for first-time buyers. Should you shop for a home on your own, or find an agent to help? Are your finances in order? How do you find the right lender, and how much do you need for the down payment? If it feels like there’s […]

The Path to Homeownership

The Path to Homeownership

Tweet Share Share Pinterest June is National Homeownership Month, where we celebrate the important role homeownership plays in neighborhoods and communities across the country. Owning a home has long been the American dream, and even in this competitive market, homebuyers shouldn’t be discouraged. Whether you’re hoping to buy now or planning ahead, these steps will […]

Is down payment assistance for everyone?

Is down payment assistance for everyone?

Tweet Share Share Pinterest Homeownership programs are available nationwide, and the average down payment assistance benefit is currently between $10,000 and $12,000. These programs can help homebuyers get into a house sooner than they may think and give them a valuable cash cushion for other expenses, like the home inspection and possible repairs. But what […]

Let’s Keep The Momentum Going

Let’s Keep The Momentum Going

Tweet Share Share Pinterest In April, we celebrated Financial Literacy and the signing of the Fair Housing Act. While both are critical initiatives, bridging the racial homeownership gap is more than a 30 day effort. Let’s keep the momentum going. The Importance of Generational Wealth Despite gains made after the signing of the Fair Housing […]

We Can’t All Rely on the Bank of Mom and Dad

We Can’t All Rely on the Bank of Mom and Dad

Tweet Share Share Pinterest Home prices are increasing faster than incomes, especially for younger households. Add in things like the pandemic and student loan debt, and it’s hard for many to see a path to homeownership. Many millennials are turning to the bank of mom and dad. A recent report from Apartment List found that […]

You Don’t Need 20 Percent Down to Buy Your Next Home. Here’s why.

You Don’t Need 20 Percent Down to Buy Your Next Home. Here’s why.

Tweet Share Share Pinterest A down payment is simply the amount of cash you are putting towards the purchase of your home. For a $200,000 home, 20 percent down would be $40,000. No small amount. Despite what you may have heard, a 20 percent down payment on a home is not necessary. Here’s why. The 20 […]

6 Steps for Buyers Competing in a Tight Market

6 Steps for Buyers Competing in a Tight Market

Tweet Share Share Pinterest                                   If you’re the newbie buyer on the block right now, it’s tough out there. How can you be more competitive when you’re up against tight inventory and higher prices? Plus, if you’re currently renting, […]

Manufactured Homes, Plus Down Payment Assistance, Could Be an Affordable Housing Solution

Manufactured Homes, Plus Down Payment Assistance, Could Be an Affordable Housing Solution

Tweet Share Share Pinterest Down Payment Resource, the nationwide database for homebuyer programs, today released its Fourth Quarter 2020 Homeownership Program Index (HPI). The number of total programs is 2,305, and over 81 percent (81.4) of programs currently have funds available for eligible homebuyers. Down Payment Resource (DPR) communicates with 1,129 program administrators to track […]


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