Buying a home is more challenging than ever in today’s Pandemic-driven housing market. While mortgage rates are historically low, so is inventory. Housing prices in the U.S. are up an average of 4% vs. last year at this time, and many markets are consistently experiencing overbids and multiple offers. This doesn’t mean first-time buyers should […]
Down payment help sounds great, but how does it actually work? What process should you follow? While down payment programs vary greatly by state and community, there are some universal steps that will help you stay on track if a homeownership program is part of your home financing plan. Let’s look at how it worked […]
Down Payment Resource, the nationwide database for homebuyer programs, released its Third Quarter 2020 Homeownership Program Index (HPI). The number of total programs is 2,340, and over 81 percent (81.1%) of programs currently have funds available for eligible homebuyers, down a little less than 2 percent from the previous HPI. Down Payment Resource (DPR) communicates […]