According to a joint analysis from RealtyTrac and Down Payment Resource, there is an average of around $11,500.00 in available down payment assistance per buyer. Approximately 87% of single family homes would qualify for this assistance. According to Jonathan Smoke, chief economist at Realtor.com, “Consumers do not know about these programs, and those that do assume it’s more difficult to get than it is.”
“It’s important for buyers to research down payment programs as part of their loan shopping process. The problem is, few people know his company exists—let alone that there is money out there to help them become homeowners. There’s a lot of missed opportunities here” said Rob Chrane, CEO of Down Payment Resource, a company started to help bridge the gap between these programs and home buyers.
Apr 15, 2016, 12:28pm CDT
Kevin Watson, Guest Blogger
According to Zillow, Nashville was recently recognized as the nation’s fifth-best seller’s market. While this is good news for sellers, it creates a more competitive purchase market for local buyers. Thankfully, there are some things a [...]