Industry personnel news from Down Payment Resource, the Federal Reserve Bank of Atlanta and Westcor Land Title Insurance Co.
Tag: Down Payment Resource
Middle-Class Americans Must Put Down More Than $127,000 to Afford Monthly Mortgage: Zillow
A new Zillow analysis shows that to comfortably afford a typical U.S. home, a median-income homebuyer needs to put down nearly $127,750, or 35.4%.
Industry Briefs, May 21, 2024
Industry news from STRATMOR Group, Teraverde, Gridbase, Westcor, USFN, LoanLogics, Snapdocs, SitusAMC, ICE and Down Payment Resource.
Down Payment Resource Finds 9% Increase in Homebuyer Assistance Programs
Down Payment Resource, Atlanta, reported that 79 homebuyer assistance programs were added in the first quarter, to hit 2,373 total. That’s an increase of 9% year-over-year and the largest annual jump since DPR began compiling the data in Q3 2020.
Industry Briefs, April 19, 2024
Industry news from Heartland Multiple Listing Service, Down Payment Resource, Total Expert, Floify, A&D Mortgage and FICO.
Rob Chrane From Down Payment Resource: Lenders are Letting Too Many FHA Borrowers Leave DPA on the Table
Here’s the kicker: a lot of DPA goes untapped simply because buyers, lenders and agents are unaware it exists or have misconceptions about how it works and who can qualify. And that’s a shame for every participant in the housing finance and real estate market.
Down Payment Resource’s Rob Chrane–Lenders are Letting Too Many FHA Borrowers Leave DPA on the Table
Here’s the kicker: a lot of DPA goes untapped simply because buyers, lenders and agents are unaware it exists or have misconceptions about how it works and who can qualify. And that’s a shame for every participant in the housing finance and real estate market.
Down Payment Resource’s Rob Chrane: Lenders are Letting Too Many FHA Borrowers Leave DPA on the Table
Here’s the kicker: a lot of DPA goes untapped simply because buyers, lenders and agents are unaware it exists or have misconceptions about how it works and who can qualify. And that’s a shame for every participant in the housing finance and real estate market.
Down Payment Resource Study: 135 Homebuyer Assistance Programs Added in 2023
Down Payment Resource, Atlanta, released its Q4 2023 Homeownership Program Index Report, finding there were 135 homebuyer assistance programs introduced throughout the year, during a period when home affordability has been top-of-mind for many.
Down Payment Resource: Housing Authorities Roll Out New Homebuyer Assistance Programs
Homebuyer assistance program administrators are responding to the mounting home affordability crisis by rapidly rolling out new homebuyer assistance programs and funding buydowns, according to Down Payment Resource, Atlanta.