An Arizona brokerage has rolled out a tool that will allow potential homebuyers to see when a listing is eligible for a down payment assistance program, and determine if they might qualify.

An Arizona brokerage has rolled out a tool that will allow potential homebuyers to see when a listing is eligible for a down payment assistance program, and determine if they might qualify.

Tucson, Ariz.-based Long Realty now offers Down Payment Resource, a tool that connects eligible homebuyers and eligible properties with government-funded programs for down payment assistance, affordable fixed-rate mortgages, mortgage credit certificates and rehab loans. The tool appears on LongRealty.com and on Long Realty agents’ websites.

Down Payment Resource, developed by Atlanta-based Workforce Resource LLC, matches listings with the programs’ criteria and highlights eligible properties with a button informing users that down payment assistance may be available.

If users click the button, they’re asked a few questions about their financial status and household and then informed whether or not they are eligible for any programs. In order to find out about the specific programs, users are asked to fill out a form to be contacted by an agent.

A number of multiple listing services have adopted the tool nationwide, including the Tucson Association of Realtors MLS; St. Paul, Minn.-based NorthstarMLS; Lisle, Ill.-based Midwest Real Estate Data LLC (MRED); White Plains, N.Y.-based Empire Access MLS Inc.; Kansas City-based Heartland MLS; Reno-based Northern Nevada Regional MLS; Concord, N.H.-based Northern New England Real Estate Network; Asheville-based North Carolina Mountains MLS; and Orlando-based My Florida Regional MLS.

Down Payment Resource won an Inman News Innovator Award for most innovative new technology last year.

Screen shot of Down Payment Resource tool implementation on LongRealty.com  

"Traditionally, getting accurate information on available down payment assistance programs has been a challenge for both consumers and real estate professionals," said Rosey Koberlein, CEO of Long Companies, in a statement. By partnering with Down Payment Resource, Long Realty "is bridging that gap and is able to provide on our website better information to potential buyers that may aid in their purchase decision. The program also benefits our sellers, by better marketing their properties on our website with qualifying down payment assistance programs." 

Down Payment Resource is available on listings from the Tucson, Phoenix and Sierra Vista area MLSs. Long Realty and its agents offer the tool on an exclusive basis in the Phoenix and Sierra Vista areas.

The majority of the MLS listings qualify for at least one down payment assistance program, which most consumers would not have known otherwise, the brokerage said.

Long Realty is part of Long Companies, which also include Long Mortgage Company, Long Title Agency and Long Insurance Group. Long Realty is part of HomeServices of America, a Berkshire Hathaway affiliate, and has a network of more than 1,300 agents in more than 38 offices, including 23 affiliate realty and property management companies. 

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×