Tag Archives: Down Payment Resource

This first-time homebuyer program is like winning the lottery

By | | Uncategorized
Comments Off on This first-time homebuyer program is like winning the lottery

California to use lottery system to allocate $220 million in “Dream for All” shared appreciation loans that cover down payments for first-time homebuyers. Continue reading →

LoanDepot lets buyers cover FHA down payment with 2nd mortgage

By | | Uncategorized
Comments Off on 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 percent in the form of a 10-year fully amortized second mortgage. Continue reading →

Zillow is the latest lender to offer a 1% down purchase mortgage

By | | Uncategorized
Comments Off on 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 percent of the area median income. Continue reading →

California puts another $200M into shared appreciation loans

By | | Uncategorized
Comments Off on California puts another $200M into shared appreciation loans

CalHFA’s Dream For All loan program for first-time homebuyers burned through the first $300 million funding round in less than two weeks. Continue reading →

Homebuyers have appetite for down payment assistance info, Zillow says

By | | Uncategorized
Comments Off on Homebuyers have appetite for down payment assistance info, Zillow says

Zillow revealed Thursday that 1 million 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. Continue reading →

Redfin adds down payment assistance feature to website

By | | Uncategorized
Comments Off on 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. Continue reading →

Shared equity platform Point to launch down payment product

By | | Uncategorized
Comments Off on Shared equity platform Point to launch down payment product

New offering will provide up to 15 percent of a home’s purchase price to put toward a down payment, helping buyers qualify for pricier homes and avoid private mortgage insurance. Continue reading →

Most homebuyers ready to make an offer 3 days after showing: Survey

By | | Uncategorized
Comments Off on 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. Continue reading →

California Regional MLS bakes in Down Payment Resource tool

By | | Uncategorized
Comments Off on California Regional MLS bakes in Down Payment Resource tool

Hundreds of millions of dollars in down payment assistance is available nationwide, according to CRMLS and DPR. Continue reading →

Young buyers disproportionately impacted by economic fallout

By | | Uncategorized
Comments Off on 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. Continue reading →