By KIMBERLEY HAAS The number of down payment assistance programs is growing nationally and industry leaders say more work needs to be done to make homeownership accessible in today’s tough market. In July, Down Payment Resource published its Q2 2024 Homeownership Program Index Report, which shows that there are now 2,415 programs being tracked by…
Former Embrace Home Loans exec Brad Cardwell joined Down Payment Resource as its VP of sales and business development. Cardwell will pilot the company’s enterprise sales, working with both its sales team and partner network. “We are very excited to have someone of Brad’s stature and experience join DPR to extend our sales efforts at…
By ERIN FLYNN JAY If you are looking for a home and don’t have 20% to put down, you are not alone. According to the National Association of Realtors, the typical down payment for first-time buyers is 8%. For repeat buyers, it’s 19%. And for 38% of first-time buyers, saving for a down payment was…
Average mortgage rates are creeping closer to 8%, piling more lousy news on top of recent sales declines and price spikes. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 7.63%, up from 7.57%. A year ago at this time, the 30-year FRM averaged 6.94%. On Wednesday, the daily rate hit 8%,…
This Disability Pride Month, Down Payment Resource has highlighted homebuyer assistance programs designed for people with disabilities. People with disabilities may be eligible for any homebuyer assistance program, but there are some resources geared toward this group in particular. While they vary in purpose and scope, they all serve to support the dream of homeownership…
Down Payment Resource has announced four new hires to help expand its sales footprint, relationships, and customer base. The new crew includes two leadership appointments – Tani Lawrence as Enterprise Sales Executive and Angel Romero as HFA relationship manager – as well as two DPA program specialists, Keith Futrell and Kathy Gault. “Intense consumer demand…
The Mortgage Note’s team has been tracking national trends and the ways companies are working to attract buyers and sellers to the market this spring. Editor Kimberley Haas interviewed industry leaders to learn more about what they are seeing and what products are being offered for this podcast. If you would like to participate in…
By KIMBERLEY HAAS Programs that support ownership of multifamily properties are estimated to make up almost 30% of homebuyer assistance offerings and that may present unique opportunities in markets strapped for inventory. According to the Down Payment Resource’s Homeownership Program Index, 33 new programs supporting multifamily homebuyers and builders were added in Q4 2022. Multifamily…
By KIMBERLEY HAAS Leaders in the industry are committed to giving back during the holiday season and throughout the year. It was announced earlier this month that Down Payment Resource in Atlanta, Ga., will help a family in Memphis, Tenn., attain their homeownership dreams by donating $10,000 to the Homeownership Council of America’s Equity Down Payment Assistance…
By CHUCK GREEN Despite a plethora of obstacles, there are prospective buyers chomping at the bit to purchase a home, according to experts. On Wednesday, Zillow Home Loans Senior Economist Matthew Speakman released a statement on mortgage rates dropping after a report on inflation showed that price pressures may finally be easing. “The arrival of…
End of content
End of content
Before You Go, Get the Latest News and UPDATES!
Stay Tuned!