Down Payment Resource Program
3 Most Common Down Payment Programs
How do today’s buyers go from dreaming of owning a home to holding their first set of keys? Like most new buyers, the down payment is what’s holding them back. But, it could pay off big time to investigate down payment options. There are more than 2,400 homebuyer programs available across the country–they can be as unique as the homebuyers and communities they serve. We break down the basics of today’s homebuyer programs.
Becoming a Buyer in America’s Least Affordable City
For millennials in America’s fastest growing cities, becoming a first-time homebuyer is more challenging because average wages can’t keep up with the rising cost of a median priced home. And, Denver takes the number one spot as the least affordable hot spot for millennial buyers, according to a new joint analysis by ATTOM Data Solutions and Down Payment Resource. We show how one of the 89 programs available in Colorado could help boost a buyer’s down payment by 129 percent.
For information on CAR’s Down Payment Resource Program, please click here.