Tag Archives: homebuyer assistance programs

A new study has found that housing authorities rolled out a number of homebuyer assistance programs in Q3 to assist buyers and take the edge off of monthly mortgage payments.

According to a new report from Down Payment Resource, the number of homebuyer assistance programs available to help people finance homes inched forward 0.5%, offering more opportunities to those who remain financially worried about housing costs.

While a multitude of downpayment assistance options are available to buyers, most are not aware these options exist, as Rob Chrane of Down Payment Resource explains how proper education can bring these programs to the forefront as a viable option to today’s home buyers.

A recent analysis of HMDA data found that 33% of declined mortgage applications could have been made eligible with the assistance of downpayment assistance programs.