California Housing Finance Agency to use lottery system to allocate $220M in 'Dream for All' shared appreciation loans that cover down payments for eligible first-time homebuyers
Fannie Mae and Freddie Mac are offering a $2,500 credit this spring that borrowers can put toward their down payment, closing costs, escrow or mortgage insurance premiums
Available everywhere except New York, loanDepot's new 'accessZERO' program provides a down payment of up to 5% in the form of a 10-year fully amortized 2nd mortgage
UWM and Rocket Mortgage are also leveraging Fannie Mae and Freddie Mac programs tailored to borrowers earning less than 80% of the area median income
CalHFA may revise guidelines of Dream For All loan program after 1st $300M earmarked to help first-time homebuyers with down payments ran out in less than 2 weeks
A new survey of 1,700 real estate agents this spring found that homebuyers in the Northeast and in Southern California were the most likely to get financial help from their family
A hypothetical buyer putting down $2,500 to purchase a $250,000 home could save $20,500 in private mortgage insurance payments over 7 years, lender estimates
UWM, Rocket Mortgage and Fairway were enthusiastic backers of Freddie Mac's Home Possible mortgage in 2022, which lets low-income homebuyers put as little as 3% down
Agents can deal with economic headwinds by understanding their buyers' mindset and helping them tap into down payment resources
As a real estate agent, it's not enough just to conduct the transaction. Provide education and service that will help make it possible in the first place
Zillow revealed Thursday that 1M users have queried its Down Payment Resource database since the real estate search portal partnered with the data provider a year ago as home prices soared
'Minneapolis Area Realtors apologizes to all members of the community who have been burdened, denied service, or ignored by our actions.' Trade group also releases policy changes
Starting Thursday, homebuyers can scout down payment assistance programs on Redfin listings, thanks to the brokerage's new partnership with Down Payment Resource
Gravy exists in a quickly growing sector of industry providers that marries financial services with homebuying assistance and resources
A new fund launched with help from the Seattle-based brokerage offers deferred, low-interest loans of up to $12K for home purchase costs