MLS tool seeks down-payment assistance matches

NorthstarMLS, EAMLS first to adopt offering from Workforce Resource

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

A multiple listing service serving 14,000 Realtors in Minnesota and western Wisconsin is using a new online tool that highlights listings that may qualify for down-payment assistance programs and helps would-be buyers determine if they’re eligible.

St. Paul, Minn.-based NorthstarMLS began a six-month "proof of concept" beta test of the Down Payment Resource tool last summer. At the end of the test, the MLS’s board of governors voted unanimously to continue using the tool.

White Plains, N.Y.-based Empire Access MLS Inc. has also announced it will adopt the Down Payment Resource tool, which displays an icon next to homes that may qualify for programs offered by state and local housing finance agencies.