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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 […]
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 […]
How do you go from dreaming of owning a home to holding your first set of keys? If you’re like most first-time buyers, the down payment is your biggest hurdle — but it may not need to be. There are more than 2,500 homebuyer programs available across the country. Let’s take a look at how […]
When it comes to home buying, you don’t have to go it alone. You need a team to succeed. Here are three key people you want on your side. Homeownership advisor A nonprofit homeownership advisor can serve as a home buying coach, helping you understand the best plan for your individual situation. They can guide […]
When Florida Realtor Jordan Feria was getting her real estate license she discovered a little known homebuyer hack. Now she’s sharing it with every first-time homebuyer — and her business is growing as a result. As a young mom and aspiring homebuyer herself, Jordan knew first hand the challenges of new homebuyers. It can be […]
Buying a home is likely the biggest purchase you’ll make in your lifetime. There’s a reason why people joke they feel “house poor” when they leave the closing table. Too often the burden of the down payment leaves homebuyers’ cash reserves empty. And, new data shows that can be a recipe for financial stress. A […]
Homebuyer surveys report there’s 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. In fact, a new Fannie Mae consumer survey found little has changed in consumer […]
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. And keep in mind […]
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). […]
When Zirconia Alleyne, editor of the Kentucky New Era, began working a news story about the Kentucky Housing Corporation’s $10,000 down-payment assistance program she didn’t know it would help her reach her own homeownership goal. Now she’s a homeowner before 30. She recently shared her story in a column. Her message to other aspiring homebuyers? Research […]
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