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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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
Tweet Share Share Pinterest NAREB honored for advocating for equal opportunity affordable housing Atlanta, GA, February 4, 2021 — Down Payment Resource (DPR) is proud to announce the National Association of Real Estate Brokers (NAREB) as the 2020 recipient of the Beverly Faull Affordable Housing Leadership Award. The award, named in memory of accomplished […]
Tweet Share Share Pinterest Life is full of surprises. Don’t let the unexpected events of last year keep you from setting new year goals for 2021. It’s time to look forward and decide on your priorities for the coming year. If owning a home is on your list, these four simple steps can help […]
Tweet Share Share Pinterest This year has been full of challenges and a lot of unknowns. At Down Payment Resource, we’ve shared in those ups and downs, but we’ve also found a few silver linings in celebrating the unexpected. Celebrating Homeownership Programs At the start of the pandemic, we began monitoring the impact of […]
Tweet Share Share Pinterest Representing over a third of all homebuyers, Millennials are a driving force for the housing market and its recovery. However, these buyers are facing a lot of uncertainties when it comes to homebuying, and their concerns have little to do with the pandemic. Cultural Outreach, in collaboration with National MI, recently […]
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