Reports Conclude: Downpayment Assistance Programs Have No Impact on Loan Performance

National Mortgage Professional Magazine, Nov. 13, 2019
A report released by the Harvard Joint Center for Housing Studies has found that downpayment assistance programs had little impact on loan performance. The center’s Working Paper, “A Cautionary Tale of How the Presence and Type of Downpayment Assistance Affects the Performance of Affordable Mortgage Loans,” found, among other things, that the performance of home loans was not significantly impacted when downpayment assistance was used.