The fourth quarter of 2024 closed with 2,466 down payment assistance programs to help US homebuyers, up by 75 or 7% from one year earlier, according to the Q4 2024 Homeownership Program Index report published by Down Payment Resource (DPR). Grants accounted for the...
Lake Michigan Credit Union (LMCU) has debuted HomeAssist, a down payment assistance program for first-time homebuyers. The program – which has been initially funded with $1 million for its launch – offers eligible borrowers $10,000 to use toward their down payment and...
The California State Senate voted 23-11 to approve a bill that opens a state program for down payment assistance to illegal immigrants. However, it is unclear whether Gov. Gavin Newsom will sign or veto the bill. AB 1840 would require the California Dream for All...
United Wholesale Mortgage (UWM) (NYSE: UWMC) is now offering the 0% Down Purchase program, which is designed to eliminate the need for an upfront down payment. According to the company, qualified borrowers can receive a 3% down payment assistance loan up to $15,000...
Portland-based Vision Mortgage Group has launched Legacy Builder, a proprietary loan program aimed at first-generation, first-time homebuyers. According to the company, the program features a 1% down payment and 2% grant down payment assistance. Borrowers do not have...
Inflation Expectations Hit Three-Year High as Rent Outlook Climbs to 6.8%
