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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 […]
By Liz Keuler, Editor – Readynest by MGIC It seems like a no-brainer, but the answer is actually, “Sort of – it depends.” I know, that’s not the quick answer you’re looking for. A bigger down payment usually means more equity in the house right from the get-go, along with a smaller monthly mortgage payment. […]
Here’s a question we get from many new homebuyers: Do you have to use an FHA loan with down payment assistance? The answer is no — there are different types of mortgages available depending on your situation. Each down payment assistance program has a list of “eligible first mortgages” that can be used with the […]
It’s the time of year when graduates hear “what’s your plan now?” from everyone in their life. And that really driven (um, pushy?) relative might even ask about your five year plan. When it comes to generations and planning, one thing is constant — the desire to own a home is strong. But a new […]
Are you expecting a rent increase? You aren’t alone. According to a Rent.com survey, 88 percent of property managers raised rents last year with no signs of slowing. Plus, 53 percent of property managers said they would more likely bring in a new tenant at a higher rent than negotiate leases for existing tenants. Yikes. […]
If you’re a first-time homebuyer, you may be wondering: Should you purchase a small starter home to get into the market now, knowing you may grow out of it in a few years? Or, should you stretch your budget — or spend more time saving — to get a “forever home” that will take care of your […]
You may not be thinking about how homeownership can benefit you decades from now, but you should. A new study from the Urban Institute finds that the younger you buy a home, the wealthier you will be by the time you are 60 years old. The impact of buying young How much of a difference would […]
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