Don't facilitate source of income discrimination by sellers
Don't discourage your sellers from talking to FHA, VA, USDA or DPA buyers, fair housing advocate Dr. Lee Davenport writes. Help facilitate both a timely sale and greater affordability
by Lee Davenport Sep 27
Cardone slams Harris-Walz $25K down payment assistance plan
Cardone Capital CEO Grant Cardone slammed VP Kamala Harris' housing policies on Fox Business, saying they will lead to the collapse of the housing market in Democratic-led states
by Marian McPherson Aug 21
UWM's 0-down loans a hit with buyers, worry consumer advocates
Unlike subprime loans that were subjected to minimal underwriting standards in the runup to the 2007 housing crash, new 0-down loans meet criteria set by mortgage giant Freddie Mac
by Matt Carter Jun 4
At long last — down payment assistance is finally cool
By making homeownership more affordable, Bernice Ross writes, DPA enhances the value agents bring to the table and plays a vital role in making homeownership more accessible
by Bernice Ross May 28
This first-time homebuyer program is like winning the lottery
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
by Matt Carter Mar 7
Mortgage giants offering very low income homebuyers a spring break
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
by Matt Carter Feb 7
LoanDepot lets buyers cover FHA down payment with 2nd mortgage
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
by Matt Carter Oct 31
Zillow is the latest lender to offer a 1% down purchase 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
by Matt Carter Aug 25
California puts another $200M into shared appreciation loans
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
by Matt Carter Jul 18
8% of buyers got down payment help from family this year: Survey
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
by Jim Dalrymple II Jul 3
Rocket's new 1% down mortgage also picks up tab for PMI
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
by Matt Carter May 22
Freddie Mac spotlights lenders for promoting affordable loans
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
by Matt Carter May 15
How to talk to clients about money (and all the rest): The Download
Agents can deal with economic headwinds by understanding their buyers' mindset and helping them tap into down payment resources
by Christy Murdock May 5
Unlock homeownership with down payment assistance programs 
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
by Ernesto Vargas May 3
Homebuyers have appetite for down payment assistance info, Zillow says
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
by Matt Carter Dec 15