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Could DPA help ease homebuying concerns for worried buyers?

Could DPA help ease homebuying concerns for worried buyers?

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 […]

How to Successfully Buy Your First Home During a Pandemic

How to Successfully Buy Your First Home During a Pandemic

Buying a home is more challenging than ever in today’s Pandemic-driven housing market.  While mortgage rates are historically low, so is inventory.  Housing prices in the U.S. are up an average of 4% vs. last year at this time, and many markets are consistently experiencing overbids and multiple offers.   This doesn’t mean that first-time buyers […]

Homeownership Program Index and the Impact of COVID-19 on Homeownership Programs

Homeownership Program Index and the Impact of COVID-19 on Homeownership Programs

Down Payment Resource, the nationwide database for homebuyer programs, today released its Third Quarter 2020 Homeownership Program Index (HPI). The number of total programs is 2,340, and over 81 percent (81.1%) of programs currently have funds available for eligible homebuyers, down a little less than 2 percent from the previous HPI.  Down Payment Resource (DPR) […]

The Importance of Down Payment Assistance Programs in a Pandemic

The Importance of Down Payment Assistance Programs in a Pandemic

Economists agree that the real estate business has recovered faster than expected during the pandemic. A continued lack of inventory, low mortgage rates, and pent-up demand are all contributing factors to a robust market. The good news for homebuyers is that down payment assistance is still available, with many program providers offering online and virtual […]

Are Down Payment Assistance Programs Gone?

Are Down Payment Assistance Programs Gone?

Homebuyers are wondering what COVID-19 will mean for their home financing plans. Will down payment assistance be available? Are low down payment loans still available? What about credit score and employment verification changes? The good news is that down payment assistance programs and low down payment loans are still widely available. However, the market is […]

What COVID-19 Means For First-time Homebuyers

What COVID-19 Means For First-time Homebuyers

There are many challenges as a result of COVID-19, but it doesn’t mean you have to put your homeownership dream on hold. This is a great opportunity to use online resources available to get prepared for the home buying process and connect to the right experts. We answer the most common questions from first-time homebuyers […]

The Impact of COVID-19 on Down Payment Assistance Programs

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 […]

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

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

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 […]

Homeownership Program Index Report Debunks Top 5 Down Payment Myths

Homeownership Program Index Report Debunks Top 5 Down Payment Myths

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 […]

4 Ways Modern Agents Are Empowering New Homebuyers

4 Ways Modern Agents Are Empowering New Homebuyers

As we enter a new decade, owning a home may seem even more like a far-fetched goal. Buyers face an inventory shortage, especially for entry level homes; home prices and rents continue to rise, but not wages; and the entire home buying process is still very much a mystery to many renters. Affordability and saving […]


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