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...
According to a Consumer Reports national homeownership survey, more than one-third of millennial respondents said they didn’t own a home because they hadn’t saved enough for a down payment. For many, high rental costs and student debt make it difficult to save for a down payment. Consumer Reports highlights down payment savings strategies, including finding a no-interest loan or homeownership program...
Colorado ranks 8th in the nation among states with the most down payment programs, according to Q2 data released by Down Payment Resource. With 68 programs available, Colorado programs offer closing cost assistance grants, mortgage credit certificates, first mortgage loans, and other programs such as employer assisted housing programs. Down Payment Resource has increased to include three percent more programs; 87%...
Featured in Inman News on May 20th, the Down Payment Resource program is capturing the attention of real estate professionals and consumers alike. To see the full article in Inman News, click here. Although 87 percent of homes qualify for down payment assistance, many potential homebuyers have no idea that they may be eligible for programs that could save them thousands...