Tagged: Down Payment Resource

New hires bring experience in origination, affordable housing compliance, and lender operations

ONE by Lower is available to qualifying first-time and repeat buyers, but borrowers purchasing above $225,000 may need to contribute more than 1%

Down Payment Resource identified 2,746 programs nationwide, although only 77% were active and funded at the beginning of July

New Realtor.com report suggests AI-driven wealth is reshaping competition for homes across California's most expensive markets

Downpayment assistance is expanding and loosening eligibility nationwide, with more programs, higher income caps, broader property support, and deeper benefits that improve borrower qualification and loan quality

Lenders can use DPA programs as a proactive purchase strategy to serve more buyers — and compete better in a challenging market

Down payment assistance programs remain underutilized, despite high eligibility among government borrowers

The report noted a 5% increase in programs for first-generation homebuyers

The Down Payment Resource Q2 2024 Homeownership Program Index Report says that there are 2,415 programs currently being tracked.

Depending on the region, some buyers need six-digit down payments while others need none.