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
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
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
Redfin adds down payment assistance feature to website
Starting Thursday, homebuyers can scout down payment assistance programs on Redfin listings, thanks to the brokerage's new partnership with Down Payment Resource
by Marian McPherson Oct 6
Shared equity platform Point to launch down payment product
With $115M in Series C funding, Point plans to be in 28 markets within a year
by Matt Carter May 3
Most homebuyers ready to make an offer 3 days after showing: Survey
One-fifth of prospective homebuyers polled would also be willing to put in an offer immediately, according to Bank of America's annual Homebuyer Insights Report, released Thursday
by Matt Carter Apr 28
A family holding coins in the palms of their layered hands
Hundreds of millions of dollars in down payment assistance is available nationwide, according to CRMLS and DPR
by Andrea V. Brambila Sep 29
Down payment assistance programs remain strong during pandemic
According to Down Payment Resource's latest report, 81% of down payment assistance programs in Q3 still had funding for homebuyers
by Marian McPherson Sep 11
Young buyers disproportionately impacted by economic fallout
According to Down Payment Resource's latest report, millennials and Gen-Zers were on track to hit their homebuying peak before April's record layoffs
by Marian McPherson Apr 22
Down payment assistance tool offers buyer leads to loan officers
Subscribers can use an eligibility lookup feature to match clients with programs and compare up to 4 programs at once
by Andrea V. Brambila Feb 19
How millennials can achieve their homeownership dreams in 4 steps
It's not all about giving up coffee and avocado toast -- three experts share how millennials need to tackle down payments
by Marian McPherson Aug 24
The 5 most important things I've learned during my decade in real estate
Opinion
Of all the lessons I've learned in my tenure, these are the principles I must pass on to fellow real estate pros
by Rob Chrane Jul 11
Down Payment Resource bolsters agent lead gen tool
Merging Down Payment Connect with Facebook ads can give agents an edge with first-time homebuyers