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f you have your heart set on purchasing a new construction home you aren’t alone. With low inventory of existing homes for sale in many parts of the country, new construction demand is heating up. As you consider financing a new construction home, take time to look into state and local down payment assistance programs […]
When you’re the newbie buyer on the block, it can be tough out there. What can you do to be more competitive when you’re up against tight inventory for entry level homes and higher prices? Plus, if you’re currently renting, you don’t have equity from a home sale to help fund your down payment. We […]
It’s a perfect 10. During June Homeownership Month, we’re excited to celebrate our 10th year in business. Down Payment Resource is the first in the housing industry to aggregate and keep current information about homeownership programs nationwide. Today, we integrate data about program benefits and eligibility criteria with Multiple Listing Services, lenders and agents. Homebuyers consistently […]
State housing finance agency (HFA) programs come with great incentives for low-to-moderate income first-time homebuyers, including a lower down payment and down payment or closing cost help. But, what about the old “skin in the game” argument? Some believe the only safe mortgages are those that require large down payments and loans with assistance are […]
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