Author Archives: Down Payment Resource

Down Payment Resource identifies 2,746 homeownership programs nationwide in Q2 2026

Program count rises to a new high, with notable growth in grants, multi-unit and manufactured housing options as affordability pressures persist

ATLANTA, Ga., July 22, 2026 (SEND2PRESS NEWSWIRE) — Down Payment Resource (DPR), the housing industry’s leading technology for connecting homebuyers with homeownership programs, today released its Q2 2026 Homeownership Program Index (HPI) report, identifying 2,746 programs nationwide. The total represents an increase of 67 programs from Q1 2026, reflecting continued expansion of resources designed to improve affordability and access to homeownership, and is a new survey high.

Image caption: Down Payment Resource (DPR).

Homeownership programs like down payment assistance (DPA) provide meaningful financial support that strengthens borrower profiles. By reducing loan-to-value ratios and covering upfront costs such as down payments, closing costs and rate buydowns, these programs help convert qualified demand into successful homeownership outcomes.

One standout finding this quarter is the growing number of grant programs, which require no repayment. Grant programs rose 6% from Q1 to Q2, with 234 programs representing 9% of all program types.

The Q2 findings also reveal a broad span in the type of assistance available. Of the 2,746 programs identified, 80% support new construction and 93% support existing construction, meaning builders and their lending partners have a wide range of programs to offer buyers regardless of whether they are purchasing a newly built home or an existing one.

Additionally, with 62% of programs allowing income limits above $100,000, and 291 programs carrying no income restrictions at all, down payment programs are not “niche resources” for a narrow audience. They are mainstream financial tools that the housing industry has historically undersold and an opportunity for homebuilders, lenders and real estate professionals to differentiate themselves by presenting every qualified buyer with options.

“Quarter after quarter, the universe of available programs keeps expanding, and so does the flexibility they offer,” said Rob Chrane, founder and CEO of Down Payment Resource. “The surge in grant programs is a good example. These aren’t resources for a narrow slice of buyers. They’re mainstream financial strategies that lenders and real estate professionals should be putting in front of every qualified borrower.”

KEY HPI REPORT FINDINGS

An examination of the 2,746 homeownership programs on July 1, 2026, resulted in the following key findings:

Count reaches new high: The total number of programs increased to 2,746, up from 2,679 in Q1 2026. Active and funded programs total 2,114 (77%), providing immediate opportunities for homebuyers across the country.
Grants surge: Grant programs increased 6% during Q2 to 234 programs. Grants now represent 9% of all program types, offering significant value for buyers seeking assistance that does not add to their debt burden.
More support for new and existing construction: 2,209 (80%) of programs support new construction, 2,544 (93%) support existing construction and 2,209 (80%) support both, giving homebuilders and lenders broad coverage regardless of what a buyer is purchasing.
Multi-unit programs expand: Programs supporting multi-unit properties (2–4 units) increased to 962, up 3% from Q1. Multi-unit eligibility expands access for buyers seeking rental income potential alongside homeownership, which is a growing consideration in today’s affordability environment.
Support for manufactured housing grows: Programs supporting manufactured homes increased to 1,089, representing 40% of all programs, a gain of 3% from Q1. Manufactured housing continues to be one of the most accessible lower-cost homeownership pathways, and expanded program support broadens options for buyers in markets where site-built homes remain out of reach.
Second mortgages remain dominant: Second-mortgage programs make up 56% of all program types, offering flexible structures such as deferred or forgivable loans that reduce upfront costs for buyers. Combined assistance programs account for 10% of programs and first-mortgage programs represent 9%.
More programs with no income limits: 291 programs (11%) carry no income restrictions, 2% higher than the previous quarter. These programs give lenders greater flexibility to qualify a broader range of borrowers including higher-income households.
Support for first-time and first-generation buyers expands: 1,696 programs (62%) are available to first-time homebuyers, a 2% increase from Q1. 35 programs support first-generation buyers, up 6% from Q1, continuing to expand access for those entering the market without family homeownership history.
Local providers lead program availability: Municipalities account for the largest share of programs at 39% (1,068), followed by nonprofits at 22% (601) and state housing finance agencies at 18% (485). Local HFAs represent an additional 8% (207 programs). Tribal organizations grew to 56 programs, up 4% from the previous quarter, reflecting expanding community-based program delivery.

A more detailed analysis of the Q2 2026 HPI findings, including infographics and examples of the programs described in this release, can be found on DPR’s website at: https://downpaymentresource.com/professional-resource/down-payment-assistance-continues-to-expand-in-q2-2026-reaching-2746-programs-nationwide/

For a complete list of homebuyer assistance programs by state, visit (PDF): https://downpaymentresource.com/wp-content/uploads/2026/07/HPI-state-by-state-data.Q22026.pdf

Members of the media are encouraged to contact DPR for data specific to their reporting needs.

METHODOLOGY:

Published quarterly, DPR’s HPI surveys the funding status, eligibility rules and benefits of U.S. homeownership programs administered by state and local housing finance agencies, municipalities, nonprofits and other housing organizations. DPR communicates with over 1,400 program providers throughout the year to track and update the country’s wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates (MCCs) and affordable first mortgages, in the DOWN PAYMENT RESOURCE® database.

ABOUT DOWN PAYMENT RESOURCE:

Down Payment Resource (DPR) is the mortgage industry’s affordability intelligence platform, operationalizing down payment assistance (DPA) at scale for lenders, MLSs and API users. Its embedded intelligence helps automate DPA eligibility, decisioning and delivery, connecting homebuyers with the assistance they need through a national database of over 2,700 programs. DPR’s technology is used by seven of the top 25 mortgage lenders, two of the largest real estate listing websites and 600,000 real estate agents. For more information, visit https://www.downpaymentresource.com/.

X: @DwnPmtResource #downpaymentassistance #downpayment

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NEWS SOURCE: Down Payment Resource

This press release was issued on behalf of the news source (Down Payment Resource), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

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Melinda Harris of Down Payment Resource named a 2026 HW Marketing Leader

Recognition highlights nearly two decades of building the industry's authoritative voice on down payment programs

ATLANTA, Ga., June 1, 2026 (SEND2PRESS NEWSWIRE) — Down Payment Resource (DPR),the housing industry’s leading technology for connecting homebuyers with homeownership programs, today announced that Melinda Harris, vice president of marketing and communications, has been named a 2026 HW Marketing Leader by HousingWire. Each year, HousingWire’s HW Marketing Leaders program recognizes the executives shaping how housing finance companies communicate, compete and grow. Harris is among 70 honorees selected.

Image caption: Melinda Harris of Down Payment Resource.

Harris has spent nearly two decades helping shape how lenders, multiple listing services and housing professionals understand and use down payment programs. In that time, she built DPR’s marketing function from a one-person operation into a structured, scalable engine that today drives industry education, lead generation and platform adoption across a national network of lenders, MLSs and technology partners.

Over the past year, Harris led campaigns designed to correct persistent misconceptions around down payment assistance, including persona-based outreach and myth-busting initiatives that repositioned DPA as a viable strategy for a broader range of homebuyers, not just low-income or first-time buyers. Her data-driven campaigns, built around DPR’s proprietary Homeownership Program Index (HPI) and Declined Loan Analysis, have become a reliable source of market intelligence for journalists, policymakers and housing professionals alike.

Harris also implemented HubSpot to better align marketing and sales functions, improving lead visibility and conversion across the organization. Her work supporting events, partnerships and integrations with major industry platforms has helped DPR expand its reach and deepen its presence across the housing finance ecosystem.

Her contributions have coincided with a period of significant company growth. Down Payment Resource earned a spot on the 2025 Inc. 5000 list of the nation’s fastest-growing privately owned companies after achieving 130% revenue growth from 2021 to 2024, and has been named to the HousingWire Tech 100 for three consecutive years.

“Melinda has been instrumental in evolving how the industry thinks about down payment programs,” said Rob Chrane, chief executive officer of Down Payment Resource. “Her ability to translate complex data into clear, compelling narratives has helped us shift the conversation from niche to mainstream, and her commitment to accuracy and education reflects everything DPR stands for. This recognition is well deserved.”

“[The 2026 Marketing Leaders] are raising the bar for what effective marketing looks like in housing,” said Sarah Wheeler, editor-in-chief at HousingWire. “They are combining creativity, strategy and data-driven execution to build stronger brands and deeper customer connections.”

For a complete list of the 2026 winners, visit the HousingWire website.

ABOUT DOWN PAYMENT RESOURCE:

Down Payment Resource (DPR) is the housing industry authority on homebuyer assistance program data and solutions. With a database that tracks more than 2,600 programs and toolsets for mortgage lenders, multiple listing services (MLSs) and API users, DPR helps housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by seven of the top 25 mortgage lenders, two of the largest real estate listing websites and 600,000 real estate agents. For more information, visit https://www.downpaymentresource.com/.

X: @DwnPmtResource #downpaymentassistance #downpayment #HousingWire #HWAwards

NEWS SOURCE: Down Payment Resource

To view the original story, visit: https://www.send2press.com/wire/melinda-harris-of-down-payment-resource-named-a-2026-hw-marketing-leader/

Down Payment Resource’s Kathy Gault named Women of Tech Award winner by Mortgage Women Magazine

Recognition highlights leadership in advancing affordable housing technology and data integrity

ATLANTA, Ga., May 20, 2026 (SEND2PRESS NEWSWIRE) — Down Payment Resource (DPR), the housing industry’s leading technology for connecting homebuyers with homeownership programs, today announced that Kathy Gault, DPA Program Specialist, has been named a 2026 Women of Tech award winner by Mortgage Women Magazine, recognizing her impact on advancing mortgage technology and expanding access to affordable housing.

Image caption: Mortgage Women Magazine Women of Tech Award winner Kathy Gault.

Gault’s career has been defined by her ability to translate complex program data into clear, actionable insights for lenders, housing providers and homebuyers. At DPR, she manages relationships with nearly 400 down payment assistance (DPA) program providers nationwide, ensuring the accuracy, completeness, and integrity of the data powering DPR’s platform.

Gault plays a critical role in maintaining DPR’s national database, working closely with program providers to verify legal documentation and ensure compliance with GSE requirements. Her ability to build trust and clearly communicate complex requirements has strengthened partnerships across the country and helped establish DPR as a trusted resource in affordable housing.

In addition to her data stewardship, Gault contributes to ongoing product enhancements by providing insights from real-world lending and program administration. Her expertise helps ensure that DPR’s technology continues to evolve to support both operational efficiency and borrower access.

Beyond her technical contributions, Gault is a dedicated mentor who supports the development of others within the organization and across the industry, reinforcing a culture of learning, collaboration and inclusion.

“Kathy’s work behind the scenes at DPR ensures that lenders and housing professionals can rely on high-quality, up-to-date information to help more borrowers access homeownership opportunities,” said Rob Chrane, DPR’s founder and CEO. “We couldn’t be more proud of her and this recognition, which reflects her exceptional commitment to accuracy, collaboration and service.”

The Women of Tech award recognizes individuals who are shaping the future of mortgage technology through innovation, leadership and meaningful industry impact.

For a full list of winners, visit the magazine’s website.

ABOUT DOWN PAYMENT RESOURCE:

X: @DwnPmtResource #downpaymentassistance #downpayment @mortgagewomen

NEWS SOURCE: Down Payment Resource

To view the original story, visit: https://www.send2press.com/wire/down-payment-resources-kathy-gault-named-women-of-tech-award-winner-by-mortgage-women-magazine/

U.S. homebuyer assistance programs increase in Q1 2026 as identified by housing industry authority Down Payment Resource

Program count continues to grow, giving housing industry professionals more ways to support homebuyers

2,679 U.S. homebuyer assistance programs identified in Q1 2026 by housing industry authority Down Payment Resource
Down Payment Resource identifies 2,679 homebuyer assistance programs nationwide in Q1 2026

ATLANTA, Ga., April 29, 2026 (SEND2PRESS NEWSWIRE) — Down Payment Resource (DPR), the housing industry authority on homeownership program data and solutions, today released its Q1 2026 Homeownership Program Index (HPI) report, identifying 2,679 programs nationwide. This represents a 2% increase from the previous quarter (2,619 programs), reflecting continued expansion of resources designed to improve affordability and access to homeownership.

Image caption: U.S. homebuyer assistance programs increase in Q1 2026 as identified by housing industry authority Down Payment Resource.

DPA programs provide meaningful financial support that strengthens borrower profiles. By reducing loan-to-value ratios and covering upfront costs such as down payments, closing costs and rate buydowns, these programs help convert qualified demand into successful homeownership outcomes.

The majority of programs in DPR’s database remain active and available to buyers, with 2,073 programs (77%) currently funded and accessible. As affordability challenges persist, these programs continue to play a critical role in helping lenders qualify borrowers, reduce upfront costs and expand homeownership opportunities.

“Recent data shows buyers are spending more than $31,000 beyond the down payment, often far more than they’d expected,” said Rob Chrane, founder and CEO of Down Payment Resource. “With 62% of programs serving incomes above $100K, DPA is a powerful tool to help qualified buyers move forward without draining their savings, while giving lenders more flexibility to expand access to homeownership.”

KEY Q1 2026 HPI REPORT FINDINGS:

An examination of the 2,679 homeownership programs on April 1, 2026, resulted in the following key findings:

Program count continues to climb: The total number of programs increased to 2,679, up from 2,619 in Q4 2025 and 2,509 year over year (YoY), reflecting steady growth in available assistance options. 2,073 programs (77%) are currently active and funded, providing immediate opportunities for homebuyers across the country. By state, California has the highest number of programs (424) and providers (263), followed by Florida (271/174) and Texas (196/103).
More programs with no income limits: 284 programs (11%) do not have income restrictions, a 5% increase from the prior quarter, giving lenders greater flexibility to qualify a broader range of borrowers.
Second mortgages remain dominant: Second-mortgage programs make up 56% of all program types, offering flexible structures such as deferred or forgivable loans that reduce upfront costs for buyers. Combined assistance programs account for 10% of programs, while first-mortgage programs represent 9%. 220 programs (8%) are grants, which offer significant value because they do not require repayment, an increase of 6% from the prior quarter.
Local providers lead program availability: Municipalities account for the largest share of programs at 39% (1,056), up 3% from the prior quarter, followed by nonprofits at 22% (578), also up 3% and state housing finance agencies (HFAs) at 18% (469), up 1%. Local HFAs represent an additional 8% (208 programs), reflecting continued growth in community-based program delivery.
Support for first-time and first-generation buyers expands: 1,666 programs (62%) are available to first-time homebuyers, up from 1,639 in the prior quarter, while 33 programs support first-generation buyers, holding steady from last quarter. These programs continue to expand access to homeownership for those entering the market for the first time or without family homeownership history respectively.
Incentive programs broaden access: 206 programs offer special incentives based on occupation or borrower characteristics, up from 201 in the prior quarter. There are 71 for educators (34%), 58 for Native American homebuyers (28%), 54 for Veterans (26%) and 50 for protectors such as law enforcement and first responders (24%), reflecting continued support for key community segments.
Expanded property and housing options: Programs supporting multi-unit properties (2–4 units) increased to 934 (35%), up from 923 in Q4 2025, while 1,053 programs (39%) now support manufactured housing, up from 1,041 (40%). These trends reflect continued expansion of more flexible and affordable homeownership pathways, including options that support rental income potential and lower-cost housing alternatives.

A more detailed analysis of the Q1 2026 HPI findings, including infographics and examples of the programs described in this release, can be found on DPR’s website at: https://downpaymentresource.com/professional-resource/down-payment-assistance-continues-to-expand-in-q1-2026-reaching-2679-programs-nationwide/

For a complete list of homebuyer assistance programs by state, visit: https://downpaymentresource.com/wp-content/uploads/2026/04/HPI-state-by-state-data.Q12026.pdf

Members of the media are encouraged to contact DPR for data specific to their reporting needs.

METHODOLOGY:

Published quarterly, DPR’s HPI surveys the funding status, eligibility rules and benefits of U.S. homebuyer assistance programs administered by state and local housing finance agencies, municipalities, nonprofits and other housing organizations. DPR communicates with over 1,400 program providers throughout the year to track and update the country’s wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates (MCCs) and affordable first mortgages, in the DOWN PAYMENT RESOURCE® database.

ABOUT DOWN PAYMENT RESOURCE:

With a database that tracks over 2,600 programs and toolsets for mortgage lenders, multiple listing services (MLSs) and API users, Down Payment Resource (DPR) is the housing industry’s authority on homeownership program data and solutions, helping housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by seven of the top 25 mortgage lenders, two of the largest real estate listing websites and 600,000 real estate agents. For more information, visit https://downpaymentresource.com/.

X: @DwnPmtResource #downpaymentassistance #downpayment

MULTIMEDIA:

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Image caption: U.S. homebuyer assistance programs increase in Q1 2026 as identified by housing industry authority Down Payment Resource

NEWS SOURCE: Down Payment Resource

To view the original story, visit: https://www.send2press.com/wire/u-s-homebuyer-assistance-programs-increase-in-q1-2026-as-identified-by-housing-industry-authority-down-payment-resource/

Down Payment Resource honors Merri Jo Cowen with 2025 Beverly Faull Affordable Housing Leadership Award

Stellar MLS CEO recognized for decades of leadership advancing equitable access to homeownership

ATLANTA, Ga., Feb. 24, 2026 (SEND2PRESS NEWSWIRE) — Down Payment Resource (DPR), the housing industry’s leading technology for connecting homebuyers with homebuyer assistance programs, today announced that 40-year industry veteran Merri Jo Cowen, CEO of Stellar MLS, is the recipient of the 2025 Beverly Faull Affordable Housing Leadership Award.

Image caption: Down Payment Resource honors Merri Jo Cowen with 2025 Beverly Faull Affordable Housing Leadership Award.

Now in its ninth year, the Beverly Faull Affordable Housing Leadership Award recognizes an individual or organization that has demonstrated a steadfast commitment to advancing housing affordability. DPR created the award in memory of one of its first employees, Beverly Faull, whose dedication to improving access to homebuyer assistance programs helped shape the company’s mission. DPR will donate $5,000 to a housing nonprofit of Cowen’s choice.

Cowen’s career began in the early 1980s at the Reno Sparks Board of Realtors®, where she rose from data entry to MLS director and later led the creation of a regional MLS serving Reno and Carson City. In 2003, she became the inaugural CEO of the Northern Nevada Regional MLS. She joined MidFlorida Regional MLS in 2008 as CEO and guided its rebrand to Stellar MLS in 2019. Stellar MLS is now the third largest MLS in the United States, serving more than 80,000 subscribers.

Under Cowen’s leadership, Stellar MLS has prioritized equity, accessibility and the responsible use of technology to reduce barriers to homeownership. With DPR’s software tools integrated into its MLS, agents can identify more than 80% of properties in the database that qualify for down payment programs. Through ongoing education, marketing and product adoption, more than 158,000 agents, brokers and consumers have engaged with DPR tools over the past year.

Cowen also founded Stellar Cares, a charitable arm of Stellar MLS, to support housing and community organizations. Since its 2023 launch, Stellar Cares has distributed $500,000 to 34 organizations, including $229,500 dedicated to affordable housing initiatives focused on housing stability education and community resilience.

In addition, Cowen has led initiatives that strengthen fair housing and data transparency, including Stellar MLS’s conversion to the RESO Data Dictionary, reciprocal MLS access agreements spanning 11 states and 17 countries and consumer tools such as Finding Homes, a voice-enabled home search platform for people with visual impairments, and SkySlope Offers, which helps reduce bias by concealing buyer names. Cowen has served twice as president of the Council of Multiple Listing Services and contributes to numerous national and international industry organizations.

“Merri Jo’s career has been defined by service innovation and a deep belief that fair access to housing data and resources creates stronger communities,” said Rob Chrane, DPR’s founder and CEO. “Through her leadership at Stellar MLS, she has expanded opportunities for first-time and underserved buyers while setting a powerful example of how technology and purpose can work together to advance housing affordability.”

ABOUT DOWN PAYMENT RESOURCE:

X: @DwnPmtResource #downpaymentassistance #downpayment

NEWS SOURCE: Down Payment Resource

To view the original story, visit: https://www.send2press.com/wire/down-payment-resource-honors-merri-jo-cowen-with-2025-beverly-faull-affordable-housing-leadership-award/

Down Payment Resource makes HousingWire’s 2026 Mortgage Tech100 list for expanding access to homeownership

The HW Tech100 recognizes the most innovative and impactful technology companies serving the mortgage industry

ATLANTA, Ga., Feb. 4, 2026 (SEND2PRESS NEWSWIRE) — Down Payment Resource (DPR), the housing industry’s leading technology for connecting homebuyers with down payment programs, has been named to HousingWire’s 2026 Mortgage Tech100 list. DPR first appeared on the HousingWire Tech100 list in 2017.

Image caption: Down Payment Resource.

DPR connects lenders, real estate professionals and consumers with the nation’s more than 2,600 homebuyer programs, helping borrowers overcome affordability barriers and achieve sustainable homeownership. In January, DPR released new insights from its Q4 2025 Homeownership Program Index, identifying more than 2,600 homebuyer programs nationwide — a 6% year-over-year increase — underscoring the role these programs continue to play as affordability pressures persist. DPR also expanded adoption of its lender tools, helping teams integrate program eligibility into everyday workflows, reducing manual research and improving borrower outcomes.

DPR’s product suite includes the DPA Directory, a centralized hub that allows product and capital markets teams to evaluate and select homebuyer programs nationwide. The Loan Officer Portal automatically matches borrowers to company-approved programs, while the Underwriter Portal provides real-time access to eligibility criteria, overlays and documentation requirements. DPR’s Consumer Portal offers personalized landing pages that allow homebuyers to explore program options early, generating better-prepared leads for lenders and real estate partners.

By integrating with the Encompass® LOS, DPR eliminates the need for manual program research and reduces friction between origination and underwriting. Loan officers gain instant visibility into benefit amounts, eligibility criteria and approval workflows, while selected programs flow seamlessly downstream. By automating DPA discovery and compliance, DPR enables lenders to confidently offer more financing options, improve borrower satisfaction and expand market reach.

Beyond origination, DPR delivers data-driven insights that help lenders identify missed opportunities. Its Declined Loan Analysis applies DPR’s nationwide program database to lenders’ declined applications, revealing how many could have been approved with the right support. Recent analyses show that up to 40% of declined purchase loans may have been eligible for assistance, translating into a potential 2% to 5% lift in production without additional marketing spend. On average, each declined borrower qualified for 10 potential programs, underscoring that awareness, not access, is often the primary barrier.

“As affordability pressures persist nationwide, down payment programs continue to play a critical role in helping borrowers bridge the gap to homeownership,” said Rob Chrane, founder and CEO of Down Payment Resource. “Our focus is on making these programs easy to find, easy to use and fully embedded into lending workflows so lenders can turn qualified demand into sustainable homeownership opportunities. We’re honored to be recognized by HousingWire for the impact our technology is making.”

“Technology is no longer a nice-to-have, and it’s not defined by partnership announcements that fail to deliver meaningful progress,” said Clayton Collins, CEO of HW Media. “Today, technology is the business strategy. The right tech stack now determines who can recruit top talent, gain market share, and expand margins.”

For a complete list of 2026 HousingWire Tech100 winners, visit https://www.housingwire.com/articles/announcing-the-2026-tech100-mortgage-winners/.

ABOUT DOWN PAYMENT RESOURCE:

Down Payment Resource (DPR) is the housing industry authority on homebuyer program data and solutions. With a database that tracks more than 2,600 programs and toolsets for mortgage lenders, multiple listing services (MLSs) and API users, DPR helps housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by seven of the top 25 mortgage lenders, two of the largest real estate listing websites and 600,000 real estate agents. For more information, visit www.downpaymentresource.com/.

X: @DwnPmtResource #downpaymentassistance #downpayment @HousingWire

NEWS SOURCE: Down Payment Resource

To view the original story, visit: https://www.send2press.com/wire/down-payment-resource-makes-housingwires-2026-mortgage-tech100-list-for-expanding-access-to-homeownership/

Down Payment Resource finds 2,619 homebuyer assistance programs nationwide in Q4 of 2025

Program count for the year's final quarter is up 6% from last year, holding near record levels

ATLANTA, Ga., Jan. 26, 2026 (SEND2PRESS NEWSWIRE) — Down Payment Resource (DPR), the housing industry authority on homeownership program data and solutions, today released its Q4 2025 Homeownership Program Index (HPI) report, identifying 2,619 programs. While the total count is five programs fewer than the prior quarter, it marked a 6% increase from a year earlier, rising from 2,466 programs in Q4 2024. The year-over-year (YoY) growth reflects continued expansion and refinement of program options amid persistent housing affordability challenges across much of the country.

Image caption: Down Payment Resource finds 2,619 homebuyer assistance programs nationwide in Q4.

Down payment assistance (DPA) continues to play a critical role in helping lenders expand access to homeownership. On average, these programs provide approximately $18,000 in benefits, reducing a homebuyer’s loan-to-value ratio by 8.8% and strengthening borrower qualification and overall loan profiles. Beyond down payments, many programs also help cover closing costs, prepaid expenses, mortgage rate buydowns and reductions in mortgage insurance costs. In some cases, eligible buyers can layer multiple programs to further improve affordability.

“Affordability will remain the defining challenge for homebuyers in 2026, and down payment programs are one of the most practical tools lenders have to address it,” said DPR Founder and CEO Rob Chrane. “When DPA lowers loan-to-value ratios and helps cover upfront costs, it doesn’t just improve borrower eligibility; it improves loan quality. As prices remain elevated and rates fluctuate, lenders that proactively integrate DPA into their origination strategies are better positioned to turn qualified demand into sustainable homeownership.”

KEY Q4 2025 HPI REPORT FINDINGS:

An examination of the 2,619 homeownership programs on January 1, 2026, resulted in the following key findings:

Every U.S. county has at least one DPA program, and more than 2,000 have 10 or more. By state, California has the most with 353 programs from 223 providers. Florida has 196 programs from 128 providers. Texas has 128 programs from 63 providers.
Benefits and home income caps are rising. 1,599 programs (62%) have an average income limit exceeding $100k across the program’s footprint. Additionally, 270 programs (10%) do not have income restrictions, thereby increasing the number of buyers who may qualify for assistance. This “income-free” requirement represents a 15% YoY increase, giving lenders a wider box to qualify borrowers.
Support for first-time buyers and first-gen buyers. 1,639 programs (63%) are open to first-time buyers, an 8% YoY rise. First-generation homebuyers are supported by 33 programs, a 32% YoY increase. First-generation homebuyers are defined as buyers and their parents who have never owned a home. 980 programs (37%) are available to repeat buyers, a 3% YoY increase.
Servicemembers and Veterans are exempted from 246 programs (9%). This exemption allows them to qualify even if they have previously purchased a residence, representing a 12% YoY increase.
Buyers of newly constructed homes are supported by 2,113 (81%) of the programs. These programs typically help cover a portion of the buyer’s down payment and/or closing costs, similar to assistance for resale properties. This is a slight increase from Q3 and is a new data point being tracked by DPR with no historical YoY data.
Buyers of multi-family housing (1-4 units) are eligible for 923 programs, a 15% YoY increase. Of these, a growing number of programs support purchasing three-unit homes (607) and four-unit homes (580), both of which saw a 13% YoY increase. Investing in multifamily properties can generate cash flow and offer tax advantages to buyers.
Buyers of manufactured housing are supported by 1,014 programs, a slight slide from the previous quarter but 14% higher YoY. New manufactured homes cost roughly $85 per square foot, compared with about $166 per square foot for site-built homes, according to the Manufactured Housing Institute, highlighting the relative affordability of manufactured homes.
Program types vary widely. The majority of programs (1,461, or 56%) are second-mortgage programs, up 4% YoY, while 242 programs are first-mortgage programs, up 1% YoY. 37 were “other assistance” programs, meaning they consist of components that don’t neatly fit into the other categories, such as an interest rate reduction benefit. Other assistance programs are 85% higher YoY. 273 are combined assistance programs, 18% higher YoY. 207 programs are grants, up 17% YoY. 139 programs are below-market-rate (BMR) or resale-restricted, up 49% YoY, giving low- to moderate-income households more opportunities to achieve homeownership.
The majority of DPA loans are structured to be forgivable. 1,035 DPA programs (53%) offer partial or full forgiveness over time — a 5% YoY increase. These programs may require that homebuyers meet specific requirements, such as living in the home as their primary residence for a certain number of years.
DPA is offered by a wide variety of providers. 1,027 programs (39%) were offered through municipalities or local program providers, a 6% YoY increase. 562 programs (21%) are sponsored by nonprofits, a 7% YoY increase. State housing authorities (HFAs) accounted for 466 (18%) of programs, 1% higher YoY.
Some programs offer special incentives based on the buyer’s occupation or other characteristics. Of the 201 special incentive programs, 71 (35%) support educators, up 4% YoY. 56 programs (28%) assist Native American homebuyers, 19% higher YoY. 54 programs (27%) are available to military Veterans (up 10% YoY).

A more detailed analysis of the Q4 2025 HPI findings, including infographics and examples of the programs described in this release, can be found on DPR’s website at: https://downpaymentresource.com/professional-resource/down-payment-assistance-holds-near-record-levels-in-q4-2025-as-program-flexibility-expands/

For a complete list of homebuyer assistance programs by state, visit: https://downpaymentresource.com/wp-content/uploads/2026/01/HPI-state-by-state-data.Q42025.pdf

Members of the media are encouraged to contact DPR for data specific to their reporting needs.

METHODOLOGY:

Published quarterly, DPR’s HPI surveys the funding status, eligibility rules and benefits of U.S. homebuyer assistance programs administered by state and local housing finance agencies, municipalities, nonprofits and other housing organizations. DPR communicates with over 1,300 program providers throughout the year to track and update the country’s wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates (MCCs) and affordable first mortgages, in the DOWN PAYMENT RESOURCE® database.

ABOUT DOWN PAYMENT RESOURCE:

X: @DwnPmtResource #downpaymentassistance #downpayment

NEWS SOURCE: Down Payment Resource

To view the original story, visit: https://www.send2press.com/wire/down-payment-resource-finds-2619-homebuyer-assistance-programs-nationwide-in-q4-of-2025/

Down Payment Resource’s Tim Higginson named to National Mortgage Professional’s 40 Under 40 list

Recognized for innovation and impact, Higginson joins an exclusive group of young professionals honored this year by NMP

ATLANTA, Ga., Dec. 8, 2025 (SEND2PRESS NEWSWIRE) — Down Payment Resource (DPR), the housing industry’s leading technology for connecting homebuyers with homebuyer assistance programs, today announced that Tim Higginson, partner solutions specialist, has been named to National Mortgage Professional Magazine’s 40 Under 40 list for 2025.

Image caption: Tim Higginson of Down Payment Resource.

The award celebrates rising stars who are shaping the future of the housing finance industry. Honorees are selected for their professional accomplishments and contributions to the industry and can receive the distinction only once during their careers.

Higginson, 30, brings a unique blend of operational expertise and client-focused innovation to DPR. Since joining the company, he has modernized partner onboarding processes, introduced interactive product demonstrations and championed workflow improvements that enhance the lender experience. His “1% better every day” mindset, developed over two decades of competitive wrestling, drives continuous improvement across the organization.

Before joining DPR, Higginson held key operational and technology roles at Embrace Home Loans, where he managed the company’s tech stack, streamlined vendor relationships and eliminated data silos that slowed loan officer productivity. His experience also includes direct loan origination, providing him with a holistic understanding of the challenges faced by lenders, borrowers, and technology providers alike.

At DPR, Higginson collaborates across departments, including product development, sales and customer success, to create smoother onboarding and stronger client relationships. His innovative approach to hands-on software trials has transformed how lenders evaluate and adopt down payment assistance solutions, reinforcing DPR’s reputation as the industry’s trusted resource for DPA integration.

“Tim has an incredible ability to simplify complex systems while keeping people at the center of the process,” said Brad Cardwell, vice president of sales and business development who has worked with Higginson for several years. “His curiosity, energy and commitment to operational excellence have elevated our internal teams and enhanced every client interaction.”

“Tim represents the next generation of leaders who will carry our industry forward,” said Rob Chrane, founder and CEO of Down Payment Resource. “He’s elevated how we engage with lenders and partners and made down payment assistance more accessible to the people who need it most. This recognition is well deserved.”

For a complete list of 2025 40 Under 40 winners, visit the National Mortgage Professional website or: https://nationalmortgageprofessional.com/news/talent-wont-wait-12072025

About Down Payment Resource:

NEWS SOURCE: Down Payment Resource

To view the original story, visit: https://www.send2press.com/wire/down-payment-resources-tim-higginson-named-to-national-mortgage-professionals-40-under-40-list/

Down Payment Resource’s Sean Moss named a 2025 HousingWire Tech Trendsetter

Moss honored for modernizing access to down payment assistance through data-driven tools and integrations that help lenders serve more homebuyers

ATLANTA, Ga., Nov. 3, 2025 (SEND2PRESS NEWSWIRE) — Down Payment Resource (DPR), the housing industry’s leading technology for connecting homebuyers with homebuyer assistance programs, today announced that executive vice president of product and operations Sean Moss has been named a HousingWire 2025 Tech Trendsetter. The annual Tech Trendsetters award, now in its seventh year, honors the housing industry’s most impactful and innovative technology leaders.

Image caption: Down Payment Resource’s Sean Moss named a 2025 HousingWire Tech Trendsetter.

Moss, who has more than 20 years of experience in real estate and finance, has been a driving force in advancing affordable lending through technology. At DPR, he leads product strategy and operational innovation, forging partnerships and developing solutions that make down payment assistance (DPA) programs more accessible and actionable for lenders, real estate professionals and homebuyers nationwide.

One of Moss’s most significant contributions was leading DPR’s shift from spreadsheets to a scalable database platform, dramatically improving data accuracy, capacity and innovation potential. This foundation enabled the launch of automated custom alerts for DPA program changes, helping lenders and housing professionals stay updated and better connect buyers with assistance opportunities.

Moss also led DPR’s complex integration with Encompass® by ICE Mortgage Technology. This award-winning integration brought DPA program data directly into lenders’ LOS systems, streamlining workflows, reducing manual data entry and allowing homebuyers to learn about assistance options earlier in the mortgage process.

“Sean’s leadership has set new standards for how technology can break down barriers to homeownership and drive efficiency for lenders,” said DPR Founder and CEO Rob Chrane. “His consultative, data-driven approach also helps lenders identify and recover lost loan opportunities. By analyzing declined loan data against DPR’s proprietary assistance database, his team uncovers missed pull-through opportunities, sometimes as high as 40% of previously declined loans, enabling lenders to recover revenue and help more buyers achieve homeownership.”

“The 2025 Tech Trendsetters exemplify the creativity and execution that define the next generation of housing innovation,” said Clayton Collins, CEO of HW Media.

For a full list of 2025 Tech Trendsetters, visit HousingWire’s website.

About Down Payment Resource:

Down Payment Resource (DPR) is the housing industry authority on homebuyer assistance program data and solutions. With a database that tracks more than 2,500 programs and toolsets for mortgage lenders, multiple listing services (MLSs) and API users, DPR helps housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by seven of the top 25 mortgage lenders, two of the three largest real estate listing websites and 600,000 real estate agents. For more information, visit https://downpaymentresource.com/.

X: @DwnPmtResource @housingwire #downpaymentassistance #downpayment

NEWS SOURCE: Down Payment Resource

To view the original story, visit: https://www.send2press.com/wire/down-payment-resources-sean-moss-named-a-2025-housingwire-tech-trendsetter/

Down Payment Resource Reports a New Record of 2,624 Homebuyer Assistance Programs Nationwide in Q3 2025

Even as affordability pressures persist, program growth is giving lenders new tools to qualify more buyers and help more households achieve homeownership

ATLANTA, Ga., Oct. 21, 2025 (SEND2PRESS NEWSWIRE) — Down Payment Resource (DPR), the housing industry authority on homebuyer assistance program data and solutions, today released its Q3 2025 Homeownership Program Index (HPI) report. The report identifies 70 new programs launched in Q3, bringing the total number of available programs nationwide to a record 2,624. Additionally, 20 new program providers were added to DPR’s database in Q3, bringing its provider total to 1,360.

Image caption: Down Payment Resource Reports a New Record of 2,624 Homebuyer Assistance Programs Nationwide in Q3 2025.

This assistance is vital as the median home price in the U.S. increased to $375,000 in Q3 2025, from $369,000 in Q2. Homebuyers finally got a break in Q3: mortgage rates eased, with the average 30-year fixed rate dipping from 6.75% in mid-July to 6.26% by mid-September.

“With home prices continuing to rise and mortgage rates still hovering near 6.5%, lenders know how challenging it can be to qualify today’s homebuyers. The good news is that there are now more tools than ever to help,” said Rob Chrane, founder and CEO of DPR. “In Q3 alone, 70 new homebuyer assistance programs were introduced. These resources — available in every U.S. county, with more than 2,000 counties offering 10 or more programs — are helping lenders reduce LTV ratios to qualify more mortgage-ready buyers and close more loans, even in a tight market.”

KEY Q3 2025 HPI REPORT FINDINGS:

An examination of the existing 2,624 homebuyer assistance programs on October 1, 2025, resulted in the following key findings:

70 homebuyer assistance programs were added in Q3 2025, a 3% increase from Q2 2025. 996 programs (38%) are available to repeat buyers and 1,628 (62%) support first-time homebuyers. It’s also essential to note that military homebuyers can often qualify for first-time buyer programs, even if they have previously purchased a residence. 273 programs (10%) do not have income restrictions, increasing the number of buyers who might qualify for assistance. 32 programs support first-generation homebuyers, representing a 3% increase over the last quarter.
Of the total programs, 2,110 (80%) can be used to purchase new construction homes. These programs typically help cover a portion of the buyer’s down payment and/or closing costs, similar to assistance for resale properties.
The number of programs supporting manufactured housing grew 5%, from 1,006 in Q2 2025 to 1,052 in Q3 2025. Recent estimates suggest that manufactured homes remain significantly less expensive per square foot than site-built homes. According to the Manufactured Housing Institute, new manufactured homes average approximately $85 per square foot, compared to $164 per square foot for traditional site-built homes.
909 programs support the purchase of multi-family housing, a 6% increase from the previous quarter. Of these, a growing number of programs support purchasing three-unit homes (606) and four-unit homes (578). Investing in multifamily properties can generate cash flow and offer buyers tax advantages.
The majority of programs, 1,464 (56%), are second-mortgage programs, up 1% from Q2. 272 (10%) are combined assistance programs, which typically blend a first mortgage (usually below market rate) and down payment assistance in the form of a second mortgage, a grant, or a combination of the two. 246 programs (9%) were first-mortgage programs.
53% of DPAs (1,024 programs) offer partial or full forgiveness over time — a 3% increase from the previous quarter — provided the homeowner meets specific requirements, such as maintaining the property as their primary residence.
1,023 programs (39%) were offered through municipalities or local program providers, a 1% increase over the previous quarter. 564 programs are sponsored by nonprofits, a 3% quarterly increase. State housing authorities (HFAs) accounted for 18% of programs (477), 3% higher than the previous quarter.
203 programs offer special incentives based on the buyer’s occupation or other characteristics. Of these, 71 (35%) support educators — up 4% from the previous quarter — 52 (26%) assist Native American homebuyers, 50 (25%) serve protectors and police, 49 (24%) are available to military Veterans (up 9% from Q2), and 38 (19%) support active-duty military (also up 9% from Q2).
There are programs in all 50 states; 348 in California alone, followed by Florida (198) and Texas (126). 125 of the programs being tracked by DPR are considered “multi-state programs.”

A more detailed analysis of the Q3 2025 HPI findings, including infographics and examples of the programs described in this release, can be found on DPR’s website at: https://downpaymentresource.com/professional-resource/down-payment-assistance-hits-record-high-in-q3-2025-with-2624-programs-and-counting/

For a complete list of homebuyer assistance programs by state, visit: https://downpaymentresource.com/wp-content/uploads/2025/10/HPI-state-by-state-data.Q32025.pdf.

Members of the media are encouraged to contact DPR for data specific to their reporting needs.

METHODOLOGY:

Published quarterly, DPR’s HPI surveys the funding status, eligibility rules and benefits of U.S. homebuyer assistance programs administered by state and local housing finance agencies, municipalities, nonprofits and other housing organizations. DPR communicates with over 1,300 program providers throughout the year to track and update the country’s wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates (MCCs) and affordable first mortgages, in the DOWN PAYMENT RESOURCE® database.

About Down Payment Resource:

Down Payment Resource (DPR) is the housing industry authority on homebuyer assistance program data and solutions. With a database that tracks more than 2,600 programs and toolsets for mortgage lenders, multiple listing services (MLSs) and API users, DPR helps housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by seven of the top 25 mortgage lenders, the three largest real estate listing websites and 600,000 real estate agents. For more information, visit https://downpaymentresource.com/.

X: @DwnPmtResource #downpaymentassistance #affordabilitycrisis #housingaffordability #mortgage #housingequity #downpayment

NEWS SOURCE: Down Payment Resource

To view the original story, visit: https://www.send2press.com/wire/down-payment-resource-reports-a-new-record-of-2624-homebuyer-assistance-programs-nationwide-in-q3-2025/

ALCOVA Mortgage partners with Down Payment Resource to expand access to homeownership

Collaboration equips ALCOVA loan officers with real-time tools to connect more homebuyers to programs that reduce upfront costs and ease affordability challenges

ATLANTA, Ga., Oct. 14, 2025 (SEND2PRESS NEWSWIRE) — Down Payment Resource (DPR), the housing industry’s leading technology for connecting homebuyers with homebuyer assistance programs, announced today that it has partnered with ALCOVA Mortgage to expand access to down payment assistance (DPA) programs for homebuyers. The collaboration will help ALCOVA’s loan officers match borrowers with available programs more easily, addressing one of the biggest challenges in today’s housing market, namely affordability.

Image caption: ALCOVA Mortgage partners with Down Payment Resource to expand access to homeownership.

Founded in 2003, ALCOVA Mortgage is a full-service independent mortgage company headquartered in Roanoke, Virginia, with a mission to simplify the mortgage process and guide borrowers through every step of homeownership. ALCOVA has grown steadily across multiple states, building its reputation on customer service, community involvement and innovative mortgage solutions.

Each month, the team at DPR communicates with 1,300+ providers across the country to update eligibility and benefit criteria of the more than 2,250 programs it tracks. All 3,143 U.S. counties have at least one DPA program, and 2,000+ counties have 10+ programs. The average DPA benefit of programs being tracked by DPR is $18,000. On average, DPA can lower an applicant’s LTV by an average 6%.

The integration of DPR into ALCOVA’s lending platform equips loan officers with immediate visibility into assistance programs, streamlining the process for both staff and borrowers. This partnership reflects both companies’ commitment to expanding homeownership opportunities and helping families achieve their dream of owning a home.

“With affordability challenges continuing to impact borrowers, down payments remain one of the biggest hurdles to homeownership,” said Nikki Dickens, senior vice president of training and product development at ALCOVA Mortgage. “Down Payment Resource makes it easy to match a borrower to potential down payment options. Having such an up-to-date, robust resource at the fingertips of both our sales and operations teams has been a godsend to me as someone who develops our loan programs internally.”

“We’re thrilled to partner with ALCOVA Mortgage to ensure that more buyers can access the down payment help available to them,” said Rob Chrane, founder and CEO of Down Payment Resource. “Together, we’re giving loan officers the tools they need to open the door to homeownership for more families.”

About ALCOVA Mortgage:

Childhood friends Bobby Nicely, Billy Siple and Rob Lindstrom shared a vision of building something meaningful, inspired by their roots in Alleghany County, Virginia. As a result, this dream led to the founding of ALCOVA Mortgage in 2003. In 2012, ALCOVA Mortgage achieved a significant milestone by being recognized on the prestigious Inc. 5000 list of the fastest-growing private companies in America. ALCOVA Mortgage had an annual revenue of approximately $75 million as of August 2025 and employs 485 people. For more information, visit https://alcova.com/.

About Down Payment Resource:

Down Payment Resource (DPR) is the housing industry authority on homebuyer assistance program data and solutions. With a database that tracks more than 2,550 programs and toolsets for mortgage lenders, multiple listing services (MLSs) and API users, DPR helps housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by seven of the top 25 mortgage lenders, the three largest real estate listing websites and 600,000 real estate agents. For more information, visit https://downpaymentresource.com/.

Twitter: @DwnPmtResource @AlcovaMortgage #downpaymentassistance #downpayment

NEWS SOURCE: Down Payment Resource

To view the original story, visit: https://www.send2press.com/wire/alcova-mortgage-partners-with-down-payment-resource-to-expand-access-to-homeownership/

Down Payment Resource’s Brad Cardwell named to MBA’s Associate Advisory Council

Appointment reflects DPR's commitment to advancing affordability solutions and industry innovation through the MBA

ATLANTA, Ga., Oct. 7, 2025 (SEND2PRESS NEWSWIRE) — Down Payment Resource (DPR), the housing industry’s leading technology for connecting homebuyers with homebuyer assistance programs, today announced that Brad Cardwell, vice president of sales and business development, has been appointed to the Mortgage Bankers Association’s (MBA) Associate Advisory Council (MAAC).

Image caption: Brad Cardwell of Down Payment Resource.

The MAAC is composed of a diverse cross-section of MBA Associate Members from all tiers of membership, ensuring their perspectives and priorities are represented in shaping the mortgage industry’s future. Its mission is to connect Associate Member companies, foster collaboration and innovation and serve as a bridge between service providers and the MBA lender and servicer community, while showcasing and advancing the unique value Associate Members bring to the industry.

Cardwell, a 22-year mortgage industry veteran, joined DPR in 2024 to lead enterprise sales, expand the company’s sales team and grow its partner network. His mission is to help more housing professionals and consumers become aware of the availability and benefits of DPA for a wide range of homebuying expenses and property types.

Before joining DPR, Cardwell spent 19 years at Embrace Home Loans, where he most recently served as Vice President of Innovation for Revenue and Sales Enablement. In that role, he established the Sales Enablement Product Owner function, overseeing sales and marketing operations, technology stack management, and the execution of go-to-market strategies.

Cardwell also served on the executive advisory board of nCino (formerly SimpleNexus, an nCino company), where he provided product and roadmap feedback. Earlier in his career, he worked as a loan officer and team leader at Embrace, giving him hands-on experience with the challenges and opportunities faced by loan originators and their clients.

“Brad’s industry experience and leadership will be invaluable as DPR continues its work to expand awareness of down payment assistance at a time when affordability challenges are top of mind,” said Rob Chrane, founder and CEO of Down Payment Resource. “We’re confident his contributions to the MBA will not only reflect DPR’s mission, but also strengthen the industry as a whole.”

About Down Payment Resource:

About MBA:

The Mortgage Bankers Association (MBA) is the leading national association representing all segments of the real estate finance industry. Headquartered in Washington, D.C., MBA works to advance the mortgage industry through advocacy, research, education, and collaboration, representing over 2,000 member companies. For more information on MBA’s Associate Advisory Council, please contact: Alicia Goncalves, CMB, Director of Associate Membership, Mortgage Bankers Association at agoncalves@mba.org.

X: @DwnPmtResource #downpaymentassistance #downpayment @MBAmortgage

NEWS SOURCE: Down Payment Resource

To view the original story, visit: https://www.send2press.com/wire/down-payment-resources-brad-cardwell-named-to-mbas-associate-advisory-council/

Down Payment Resource CEO Rob Chrane named a 2025 HousingWire Vanguard

Chrane earns his second HousingWire Vanguard honor, recognizing his ongoing leadership in expanding homeownership opportunities

ATLANTA, Ga., Sept. 2, 2025 (SEND2PRESS NEWSWIRE) — Down Payment Resource (DPR), the housing industry’s leading technology for connecting homebuyers with homebuyer assistance programs, today announced that founder and CEO Rob Chrane has been named a 2025 HousingWire Vanguard. The prestigious award recognizes C-level executives whose leadership reshapes the housing economy and drives meaningful progress in mortgage and real estate.

Image caption: Down Payment Resource CEO Rob Chrane.

Chrane founded Down Payment Resource in 2008 to address the most significant barrier to homeownership: saving for the down payment. Under his leadership, DPR built and maintains the nation’s only comprehensive database of more than 2,550 homebuyer assistance programs. DPR’s technology is now used by seven of the top 25 mortgage lenders, the two largest real estate listing websites and more than 600,000 real estate agents to connect homebuyers with the resources they need to achieve homeownership.

“A select group of leaders is emerging in the housing economy. These leaders haven’t been sitting idly. They haven’t been waiting. And they aren’t fearful or undercapitalized,” said Clayton Collins, CEO of HousingWire. “These individuals have faced the dual challenges of high interest rates and low sales volumes, yet they have turned these obstacles into opportunities.”

Over the past year, Chrane has overseen key integrations and partnerships that have expanded DPR’s reach and impact. These include the integration of DPR’s tools with ICE Mortgage Technology’s Encompass® LOS platform, earning DPR the 2025 ICE Innovation Technology Partner of the Year award, and expanded collaborations with MBA’s Convergence programs to provide free access to DPR’s eligibility tools for underserved buyers in Columbus, Philadelphia and Memphis.

“I’m honored to be recognized as a 2025 HousingWire Vanguard,” said Chrane. “This award reflects the incredible work of our team and partners, all committed to creating more pathways to homeownership for families across the country.”

For a full list of 2025 Vanguard recipients, visit the HousingWire website.

About Down Payment Resource:

Down Payment Resource (DPR) is the housing industry authority on homebuyer assistance program data and solutions. With a database that tracks more than 2,500 programs and toolsets for mortgage lenders, multiple listing services (MLSs) and API users, DPR helps housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by seven of the top 25 mortgage lenders, the three largest real estate listing websites and 600,000 real estate agents. For more information, visit https://downpaymentresource.com/.

Twitter: @DwnPmtResource #downpaymentassistance #downpayment @HousingWire

NEWS SOURCE: Down Payment Resource

To view the original story, visit: https://www.send2press.com/wire/down-payment-resource-ceo-rob-chrane-named-a-2025-housingwire-vanguard/

45 new assistance programs launched during Q2 2025, bringing the total number of nationwide programs to a record-breaking 2,554

Down payment assistance, with an average benefit of $18,000, remains a bright spot for the nation's homebuyers, with more programs supporting a variety of needs, income levels and property types

ATLANTA, Ga., July 29, 2025 (SEND2PRESS NEWSWIRE) — Down Payment Resource (DPR), the housing industry authority on homebuyer assistance program data and solutions, today released its Q2 2025 Homeownership Program Index (HPI) report. The report finds 45 new programs launched in Q2, traditionally the busiest homebuying season, bringing the total number of available programs to 2,554 — a new record — and the number of program providers to 1,340.

Image caption: Down Payment Resource’s Q2 2025 HPI Report.

Down payment assistance (DPA) can be used by lenders to lower a homebuyer’s loan-to-value (LTV) ratio by an average of 6%, helping them qualify more of their mortgage-ready buyers. In addition to down payments, many DPA programs can help with closing costs, prepaid expenses, buying down the mortgage interest rate, and even lessening mortgage insurance expenses. In some cases, buyers can combine multiple programs for even greater savings. This assistance is vital as the median home price in the U.S. increased to $369,000 in Q2 2025, from $350,275 in Q1, while the average 30-year fixed mortgage rate for the quarter was 6.82%.

“With home prices rising and interest rates still hovering close to 7%, prospective homebuyers are feeling the pinch heading into the summer, traditionally a very active homebuying season,” said Rob Chrane, founder and CEO of DPR. “Even with these market headwinds, we are heartened to find more assistance programs than ever—at least one in every U.S. county and 2,000 counties with 10 or more—helping lenders qualify eligible buyers and close more loans in this tough market.”

KEY Q2 2025 HPI REPORT FINDINGS

An examination of the existing 2,554 homebuyer assistance programs on July 3, 2025, resulted in the following key findings:

45 homebuyer assistance programs were added in Q2 2025, a 2% increase from Q1 2025. 967 programs (38%) are available to repeat buyers. 257 programs (10%) do not have income restrictions, increasing the number of buyers who might qualify for assistance. 31 programs support first-generation homebuyers, an increase of 7% over the last quarter.
The number of programs supporting manufactured housing grew 4%, from 971 in Q1 2025 to 1,006 in Q2 2025. According to the Manufactured Housing Institute, manufactured homes are considered an affordable housing supply because they are significantly cheaper to purchase than site-built homes. The average cost per square foot is around $87 versus $166.
861 programs support the purchase of multi-family housing, a 3% increase from the previous quarter. Of these, a growing number of programs support purchasing three-unit homes (573) and four-unit homes (546). Investing in multifamily properties can generate cash flow and potentially offer buyers tax advantages.
Below-market-rate (BMR)/resale-restricted programs increased 9%. BMR/resale-restricted programs offer housing at prices lower than the open market, with restrictions on resale to ensure affordability for future buyers, typically low-to-moderate-income households.
81% of DPAs are deferred payment programs, a 2% increase from the previous quarter. With a deferred payment loan, borrowers don’t make monthly payments, and the balance is typically due when they sell or refinance, or the loan matures. Many of these loans are also forgivable. 53% of DPAs offer partial or full forgiveness over time, as long as the homeowner meets certain requirements, such as maintaining primary residency.
1,011 programs (40%) were offered through municipalities or local program providers, a 2% increase over the previous quarter and 46% YoY increase. Programs sponsored by employers increased 8% MoM to 3% of the total—a 33% YoY increase. Housing authorities, independent governmental bodies that provide and manage affordable housing options for low-income, elderly and disabled buyers, accounted for 4% of programs, up 1% from the previous quarter.
198 programs offer special incentives based on the buyer’s occupation or other characteristics. Of these, 68 offer assistance for educators, 52 to Native Americans, 45 to military Veterans, and 35 to active-duty military. It’s important to note that these buyers can also qualify for many of the other 2,554 programs in the Down Payment Resource database.
118 programs are “multi-state,” a 31% YoY increase, meaning they are available for buyers in two states or more. Plus, the report noted a growing number of in-state programs in Hawaii, Missouri, Oklahoma, Pennsylvania and Virginia.

A more detailed analysis of the Q2 2025 HPI findings, including infographics and examples of the programs described in this release, can be found on DPR’s website at: https://downpaymentresource.com/professional-resource/45-new-programs-were-added-in-q2-2025-helping-to-make-homeownership-more-affordable-for-buyers-nationwide/.

For a complete list of homebuyer assistance programs by state, visit: https://downpaymentresource.com/wp-content/uploads/2025/07/HPI-state-by-state-data.Q22025.pdf.

Members of the media are encouraged to contact DPR for data specific to their reporting needs.

METHODOLOGY

Published quarterly, DPR’s HPI surveys the funding status, eligibility rules and benefits of U.S. homebuyer assistance programs administered by state and local housing finance agencies, municipalities, nonprofits and other housing organizations. DPR communicates with over 1,300 program providers throughout the year to track and update the country’s wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates (MCCs) and affordable first mortgages, in the DOWN PAYMENT RESOURCE® database.

About Down Payment Resource:

Down Payment Resource (DPR) is the housing industry authority on homebuyer assistance program data and solutions. With a database that tracks more than 2,500 programs and toolsets for mortgage lenders, multiple listing services (MLSs) and API users, DPR helps housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by seven of the top 25 mortgage lenders, the three largest real estate listing websites and 600,000 real estate agents. For more information, visit https://downpaymentresource.com/.

X: @DwnPmtResource #downpaymentassistance #affordabilitycrisis #housingaffordability #mortgage #housingequity #downpayment

NEWS SOURCE: Down Payment Resource

To view the original story, visit: https://www.send2press.com/wire/45-new-assistance-programs-launched-during-q2-2025-bringing-the-total-number-of-nationwide-programs-to-a-record-breaking-2554/

Down Payment Resource announces strategic partnership with FirstHome IQ to expand access to homebuyer assistance programs

ATLANTA, Ga., July 15, 2024 (SEND2PRESS NEWSWIRE) — Down Payment Resource (DPR), the housing industry’s leading technology for connecting homebuyers with homebuyer assistance programs, today announced a strategic partnership with FirstHome IQ, a nonprofit empowering the next generation of homeowners through modern, accessible financial education and tools for industry partners. This collaboration will empower industry professionals to be better equipped as they educate and guide first-time homebuyers through the process.

Image caption: Down Payment Resource announces strategic partnership with FirstHome IQ.

Since 2008, DPR has built the nation’s most comprehensive database of homebuyer assistance programs, serving as a trusted bridge between buyers, real estate professionals, lenders and the programs that make homeownership possible. Its award-winning technology quickly matches buyers with grants and loans many would otherwise overlook.

By embedding DPR’s data and tools into FirstHome IQ’s curriculum and online platform, the partnership gives educators and housing professionals a straightforward way to surface relevant assistance programs, strengthening their outreach and expanding their impact in local communities.

“Down payment is the number one barrier to homeownership for the next generation,” said Rob Chrane, CEO of Down Payment Resource. “We are very passionate about the mission of FirstHome IQ and the work we can do together to empower a new generation of buyers with the information, tools and confidence they need to take that first step.”

“NextGen homebuyers are often one conversation away from thinking homeownership is possible,” said Kristin Messerli, Executive Director of FirstHome IQ. “Partnering with Down Payment Resource allows us to show first-time homebuyers that help is available.”

Chrane, a FirstHome IQ board member and one of its leading individual donors in 2025, has long championed sustainable paths to homeownership. His involvement in this initiative underscores both organizations’ shared commitment to equity, education and practical solutions that help first-time homebuyers overcome today’s affordability challenges.

Join DPR and FirstHome IQ in a webinar on July 22, 2025, at 1:00 p.m. ET to learn how the companies will expand access to education about down-payment assistance for first-time buyers. Register now: https://us06web.zoom.us/meeting/register/3qyEZuJ-SBa9gul8xB3gwA#/registration

About Down Payment Resource:

Down Payment Resource (DPR) is the housing industry authority on homebuyer assistance program data and solutions. With a database that tracks more than 2,500 programs and toolsets for mortgage lenders, multiple listing services (MLSs) and API users, DPR helps housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by seven of the top 25 mortgage lenders, the three largest real estate listing websites and 600,000 real estate agents. For more information, visit https://downpaymentresource.com/.

About FirstHome IQ:

FirstHome IQ is a nonprofit organization dedicated to helping first-time homebuyers build confidence and financial capability through modern, accessible education. By partnering with lenders, real estate professionals, and community organizations, FirstHome IQ delivers turnkey tools and programs that make homeownership education engaging, actionable, and scalable. For more information, visit https://www.firsthomeiq.com/.

Twitter: @DwnPmtResource #downpaymentassistance #downpayment

NEWS SOURCE: Down Payment Resource

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Envoy Mortgage expands down payment assistance reach with Down Payment Resource partnership after successful pilot

Pilot results spark full rollout of Down Payment Resource tools to boost efficiency and expand access

ATLANTA, Ga., April 30, 2025 (SEND2PRESS NEWSWIRE) — Down Payment Resource (DPR), the housing industry’s leading provider of technology that connects homebuyers with homebuyer assistance programs, today announced that Envoy Mortgage (Envoy) will implement DPR’s suite of software tools across its national footprint. The move follows a successful pilot and reflects Envoy’s commitment to expanding down payment assistance (DPA) offerings while maintaining operational efficiency and reducing repurchase risk.

Image caption: Down Payment Resource.

Founded in 1997 as First Houston Mortgage, Envoy has helped more than 200,000 homebuyers across nearly 49 states. With a 98% customer satisfaction score, the Houston-based mortgage company has long prioritized both service and innovation. As its lending operations continue to scale nationwide, Envoy recognized the need for a more robust, data-driven approach to managing DPA programs.

“Partnering with DPR allows us to accelerate our goal of making affordable homeownership accessible to more people without needing to add headcount,” said Katrina Cummins, senior vice president of strategic initiatives at Envoy. “Its platform helps us streamline DPA management, while giving our teams the tools they need to better serve borrowers at every income level.”

During the pilot, Envoy documented significant time savings and process efficiencies, eliminating the need for an additional full-time hire, saving an estimated $70,000 to $80,000 annually. Beyond cost savings, the integration supports more informed lending decisions and a lower loan-to-value ratio for qualifying borrowers and is key to increasing access for low-to-moderate-income buyers.

“Down payment assistance can make a critical difference for homebuyers, especially those just starting their wealth-building journey,” said Jesse Passafiume, president of Envoy. “DPR’s platform has been a game-changer, reducing risk and enabling our team to offer these programs with greater confidence.”

Envoy is currently rolling out DPR’s technology across its branches. Phase 1 includes training for loan officers and underwriters, while Phase 2 will focus on integrating DPR directly into Envoy’s Encompass® loan production system. Phase 3 will explore API integration to capture qualified DPA leads in real time.

“Envoy is known for its people-first approach and high-touch service,” said Rob Chrane, founder and CEO of DPR. “With this partnership, it’s expanding what’s possible for buyers across the country. We’re proud to support Envoy’s efforts to make DPA more accessible, efficient, and impactful.”

About Down Payment Resource:

Down Payment Resource (DPR) is the housing industry authority on homebuyer assistance program data and solutions. With a database that tracks more than 2,500 programs and toolsets for mortgage lenders, multiple listing services (MLSs) and API users, DPR helps housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by seven of the top 25 mortgage lenders, the three largest real estate listing websites and 600,000 real estate agents. For more information, visit https://downpaymentresource.com/.

X: @DwnPmtResource #downpaymentassistance #homeownership #housingaffordability

NEWS SOURCE: Down Payment Resource

To view the original story, visit: https://www.send2press.com/wire/envoy-mortgage-expands-down-payment-assistance-reach-with-down-payment-resource-partnership-after-successful-pilot/

43 new assistance programs were added during the first quarter of 2025, expanding support for more homebuyers

Down Payment Resource's Q1 2025 HPI Report finds 2,509 homebuyer assistance programs available nationwide with an average benefit of $18,000

ATLANTA, Ga., April 22, 2025 (SEND2PRESS NEWSWIRE) — Down Payment Resource (DPR), the housing industry authority on homebuyer assistance program data and solutions, today released its Q1 2025 Homeownership Program Index (HPI) report. The report saw the number of entities offering homebuyer assistance programs increase by 55 year-over-year (YoY). The number of programs increased by 43 during the first quarter, bringing the total number of available programs to 2,509.

Image caption: Down Payment Resource’s Q1 2025 HPI Report.

Down payment assistance (DPA) can be used by lenders to lower a homebuyer’s loan-to-value (LTV) ratio by an average of 6%. The average benefit is $18,000.

“Rates are still high and prices keep climbing, but we’re seeing expanded program offerings, new providers and greater flexibility in how funds are used — not just for down payments but also to cover closing costs, lower the rate or meet other buyer needs,” said Rob Chrane, founder and CEO of DPR. “More programs now include manufactured and multi-family homes, opening new paths to affordability and steady income. For lenders, that means more ways to qualify buyers and close loans in a tough market.”

KEY Q1 2025 HPI REPORT FINDINGS

An examination of the existing 2,509 homebuyer assistance programs on April 4, 2025, resulted in the following key findings:

43 homebuyer assistance programs were added in Q1 2025, a 2% increase from Q4 2024. 952 programs (38%) are available to repeat buyers. 240 programs (10%) do not have income restrictions, increasing the number of buyers who might qualify for assistance. 29 programs support first-generation homebuyers, an increase of 16% over the last quarter.
”Other homebuyer assistance” programs increased 35% from the previous quarter, below-market-rate (BMR)/resale-restricted programs increased 18% and grant programs grew 7%. BMR/resale-restricted programs offer housing at prices lower than the open market, with restrictions on resale to ensure affordability for future buyers, typically low-to moderate-income households.
80% of DPAs in Q1 were deferred payment programs, a 3% increase from the previous quarter. With a deferred payment loan, borrowers don’t make monthly payments, and the balance is typically due when they sell or refinance or the loan matures. Many of these loans are also forgivable. 53% of DPAs in Q1 offered partial or full forgiveness over time, as long as the homeowner meets certain requirements, such as maintaining primary residency.
990 programs (39%) were offered through local housing finance agencies (HFAs), virtually unchanged from the previous quarter. Nonprofits accounted for 21%, a 2% increase over the previous quarter. State FHAs represented 18%, a slight drop from the previous quarter.
The number of programs supporting manufactured housing grew 6%, from 914 in Q4 2024 to 971 in Q1 2025. Manufactured homes are considered to be an affordable housing supply since they are significantly cheaper to purchase than site-built homes, with average costs per square foot around $87 versus $166 according to the Manufactured Housing Institute.
833 programs supported the purchase of multi-family housing, a 3% increase from the previous quarter. Of these, a growing number of programs support purchasing three-unit homes (562) and four-unit homes (536). Investing in multifamily properties can generate cash flow and potentially offer tax advantages to buyers.
20 programs offered special funding to surviving military spouses, an 18% increase from the previous quarter, while energy efficiency programs grew by 17%. Other incentive programs included 69 for educators, 56 for protectors (jobs focused on safeguarding people, property, or information), 50 to assist military veterans, and 50 for Native Americans.

A more detailed analysis of the Q1 2025 HPI findings, including infographics and examples of the programs described in this release, can be found on DPR’s website at https://downpaymentresource.com/professional-resource/weve-added-43-programs-in-q1-2025-and-55-providers-since-q1-2024/.

For a complete list of homebuyer assistance programs by state, visit https://downpaymentresource.com/wp-content/uploads/2025/04/HPI-state-by-state-data.Q12025.pdf.

METHODOLOGY

Published quarterly, DPR’s HPI surveys the funding status, eligibility rules and benefits of U.S. homebuyer assistance programs administered by state and local housing finance agencies, municipalities, nonprofits and other housing organizations. DPR communicates with over 1,300 program providers throughout the year to track and update the country’s wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates (MCCs) and affordable first mortgages, in the DOWN PAYMENT RESOURCE® database.

About Down Payment Resource:

Down Payment Resource (DPR) is the housing industry authority on homebuyer assistance program data and solutions. With a database that tracks more than 2,500 programs and toolsets for mortgage lenders, multiple listing services (MLSs) and API users, DPR helps housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by seven of the top 25 mortgage lenders, the three largest real estate listing websites and 600,000 real estate agents. For more information, visit https://downpaymentresource.com/.

X: @DwnPmtResource #downpaymentassistance #affordabilitycrisis #housingaffordability #mortgage #housingequity #downpayment

NEWS SOURCE: Down Payment Resource

To view the original story, visit: https://www.send2press.com/wire/43-new-assistance-programs-were-added-during-the-first-quarter-of-2025-expanding-support-for-more-homebuyers/

Down Payment Resource receives ICE Mortgage Technology’s 2025 Innovation Award for Technology Partner of the Year

The recognition highlights DPR's integration with Encompass, which helps lenders connect homebuyers with homebuyer assistance programs

ATLANTA, Ga., Feb. 27, 2025 (SEND2PRESS NEWSWIRE) — Down Payment Resource (DPR), the housing industry’s leading technology for connecting homebuyers with homebuyer assistance programs, today announced that it has been named the 2025 ICE Innovation Technology Partner of the Year by Intercontinental Exchange, Inc. (ICE), a leading global provider of data, technology and market infrastructure.

Image caption: Down Payment Resource.

The ICE Innovation Awards recognize industry leaders pushing the envelope by creating extraordinary solutions for housing professionals in partnership with ICE Mortgage Technology.

DPR’s integration with Encompass® by ICE Mortgage Technology debuted during ICE Experience 2024. Available on the Encompass Partner Connect (EPC) platform via APIs, the integration makes it easier for lenders to support homebuyers with the nation’s 2,400-plus down payment assistance (DPA) programs. Using DPA can lower the borrower’s loan-to-value (LTV) ratio by an average of 6%, helping more low-to-moderate income (LMI) borrowers qualify for a mortgage.

DPR’s integration with Encompass embeds operational support for DPA programs directly into core loan production systems, arming lending staff with the information they need to confidently offer and manufacture these programs. Based on declarations and loan application data, borrowers are automatically matched with eligible company-approved DPA programs. LOs are presented with program information, such as benefit amounts and eligibility requirements, so they can advise borrowers on their DPA options and guide them through program-specific processes. Also, program selections are automatically communicated downstream to underwriters by translating program requirements into importable loan conditions, making them easier to manage.

“We are extremely pleased ICE has shined such a bright light on this integration, which addresses a long-standing gap in making DPA program information accessible within the LOS so loan officers can help more borrowers take advantage of DPA opportunities,” said DPR Founder and CEO Rob Chrane. “As the only partner in the network providing this critical service, DPR is playing a critical role in helping lenders make homeownership more accessible for first-time and LMI buyers.”

Encompass Partner Connect enables the integration of key third-party products and services with ICE Mortgage Technology solutions. ICE does not own, control, nor endorse any specific industry participant or the product/service provided. Loan originators and servicers are responsible for vetting, selecting, and contracting with the providers of their choosing.

About Down Payment Resource:

Down Payment Resource (DPR) is the housing industry authority on homebuyer assistance program data and solutions. With a database that tracks more than 2,400 programs and toolsets for mortgage lenders, multiple listing services (MLSs) and API users, DPR helps housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by seven of the top 25 mortgage lenders, the three largest real estate listing websites and 600,000 real estate agents. For more information, visit https://downpaymentresource.com/.

X: @DwnPmtResource #downpaymentassistance #homeownership #housingaffordability @icemortgagetech #X25

NEWS SOURCE: Down Payment Resource

To view the original story, visit: https://www.send2press.com/wire/down-payment-resource-receives-ice-mortgage-technologys-2025-innovation-award-for-technology-partner-of-the-year/

Down Payment Resource honors Mosi Gatling with its Beverly Faull Affordable Housing Leadership Award and Skyler Lemons with its inaugural Emerging Leader Award

The Beverly Faull award program recognizes individuals or organizations for accomplishments and leadership in the affordable housing finance space

ATLANTA, Ga., Feb. 26, 2025 (SEND2PRESS NEWSWIRE) — Down Payment Resource (DPR), the housing industry’s leading technology for connecting homebuyers with homebuyer assistance programs, announced today that it has honored Mosi Gatling of New American Funding (NAF) with the 2024 Beverly Faull Affordable Housing Leadership Award, and Skyler Lemons of Exit Strategy Realty with hits inaugural Emerging Leader Award. Both recipients were recognized for their commitment to advancing homeownership opportunities by leveraging homebuyer assistance programs.

Image caption: Mosi Gatling (L) and Skyler Lemons (R), recipients of Down Payment Resource’s 2025 Beverly Faull Affordable Housing Leadership Award and inaugural Emerging Leader Award.

Mosi Gatling: Beverly Faull Award Recipient

Now in its eighth year, the Beverly Faull Affordable Housing Leadership Award recognizes an individual or organization that has exhibited a steadfast commitment to expanding access to affordable homeownership. DPR created the award program in memory of one of its first employees, Beverly Faull, for her wholehearted dedication to the company’s mission to improve access to homebuyer assistance programs. DPR will donate $5,000 to the housing non-profit of Gatling’s choice.

Currently SVP of Strategic Growth and Expansion at NAF, Gatling has worked for more than 20 years to expand homeownership opportunities, particularly among people of color and first-time homebuyers. Notably, she has been instrumental in launching NAF’s Black Impact initiative to enhance homeownership accessibility in Black communities, which includes a $20 billion organizational commitment to provide new mortgages to Black homebuyers by 2028. She is also one of the top FHA loan originators in the country. Her work as a mortgage banker, along with her public advocacy at national housing forums, highlight her dedication to making homeownership more equitable.

Skyler Lemons: Emerging Leader Award Recipient

The newly announced Emerging Leader Award recognizes early career individuals who are passionate about helping homebuyers secure safe and affordable housing with the help of homebuyer assistance programs. Skyler Lemons, a real estate agent at EXIT Strategy Realty, is the award’s inaugural recipient. Down Payment Resource will donate $2,500 to the housing non-profit of Lemons’ choice.

Lemons followed in his mother’s footsteps (agent Marki Lemons-Ryhal), in realizing the importance of helping South Side Chicago residents secure affordable housing. As a youth, he volunteered on affordable housing projects. He became a licensed real estate broker after graduating from Howard University College of Business. Just four years into his career, he’s the top agent in units sold at the largest EXIT Strategy Realty franchise. Having negotiated over $150,000 in down payment assistance and closing costs in 2024 alone, he is called the “Down Payment Grant King” by colleagues. In 2025, Lemons is launching the Center for Empowering Moves, an initiative to strengthen affordable housing pathways for Black Americans.

“We receive incredible nominations for this award each year, but this year’s recipients stood out in an undeniable way,” said DPR’s Founder and CEO Rob Chrane. “Mosi has dedicated decades to expanding homeownership opportunities and breaking down barriers for first-time and minority homebuyers. Skyler, in just a few short years, has made a profound impact in his community, leveraging down payment assistance to help families achieve homeownership. Their passion and commitment to housing affordability are inspiring, and we are honored to recognize their work in Beverly’s memory.”

About Down Payment Resource:

X: @DwnPmtResource #downpaymentassistance #homeownership #housingaffordability

Media Contact:
Johnna Szegda
Depth for Down Payment Resource
404.798.1155
johnna@depthpr.com

NEWS SOURCE: Down Payment Resource

To view the original story, visit: https://www.send2press.com/wire/down-payment-resource-honors-mosi-gatling-with-its-beverly-faull-affordable-housing-leadership-award-and-skyler-lemons-with-its-inaugural-emerging-leader-award/

172 new homebuyer assistance programs and 75 new program providers emerged in 2024 to tackle homeownership affordability

Down Payment Resource's Q4 2024 HPI Report finds 2,466 homebuyer assistance programs available to support U.S. homeownership

ATLANTA, Ga., Jan. 21, 2025 (SEND2PRESS NEWSWIRE) — Down Payment Resource (DPR), the housing industry authority on homebuyer assistance program data and solutions, today released its Q4 2024 Homeownership Program Index (HPI) report. The report saw the number of homebuyer assistance programs increase by 172 and the number of entities offering them increase by 75 year-over-year (YoY), bringing the total number of available programs to 2,466.

Image caption: Down Payment Resource’s Q4 2024 HPI Report.

“We are pleased to see state and local agencies adapting to the current and ongoing housing affordability crisis by adding new programs and expanding their criteria to allow for the purchase of multi-family and manufactured housing,” said Rob Chrane, founder and CEO of DPR. “We’re also seeing more flexibility in how funds can be used — a down payment, closing costs or buying down their interest rate. In a market with few homes for sale and escalating prices, down payment assistance has become vital for many buyers in helping them to become homeowners and start building wealth through equity.”

KEY HPI REPORT FINDINGS

An examination of the existing 2,466 homebuyer assistance programs on January 8, 2025, resulted in the following key findings:

The number of U.S. homebuyer assistance programs increased by 22 over the past quarter. This represents a 1% increase over the previous quarter, and a 7% YoY increase.
Grants accounted for the largest share of program gains YoY. The most substantial YoY gains were seen in grant programs (50), combined assistance programs (49), and below-market-rate (BMR)/resale-restricted programs (21).
Local housing finance agencies added the most programs in 2024. Local housing finance agencies introduced 72 programs in Q4 2024, a 60% YoY increase. Nonprofits added 50 programs, and municipalities added 46 programs during this period.
Rise in multi-family and manufactured housing programs continues: Programs supporting multi-family purchases increased by 17% YoY, rising from 686 in Q4 2023 to 805 in Q4 2024. Similarly, programs for manufactured housing grew by 14% YoY, from 804 in Q4 2023 to 914 in Q4 2024.
2024 concluded with 196 programs offering incentives for special groups. 68 programs offer special funding for educators, 54 programs for protectors, 49 programs for military Veterans, 47 programs for firefighters, 44 programs for healthcare workers, and 47 for Native Americans.

A more detailed analysis of the Q4 2024 HPI findings, including infographics and examples of the programs described in this release, can be found on DPR’s website at https://downpaymentresource.com/professional-resource/2025-kicks-off-with-record-number-of-homebuyer-assistance-programs/.

For a complete list of homebuyer assistance programs by state, visit https://downpaymentresource.com/wp-content/uploads/2025/01/HPI-state-by-state-data.Q42024-1.pdf.

METHODOLOGY

Published quarterly, DPR’s HPI surveys the funding status, eligibility rules and benefits of U.S. homebuyer assistance programs administered by state and local housing finance agencies, municipalities, nonprofits and other housing organizations. DPR communicates with over 1,300 program providers throughout the year to track and update the country’s wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates (MCCs) and affordable first mortgages, in the DOWN PAYMENT RESOURCE® database.

About Down Payment Resource:

X: @DwnPmtResource #downpaymentassistance #affordabilitycrisis #housingaffordability #mortgage #housingequity #downpayment

NEWS SOURCE: Down Payment Resource

To view the original story, visit: https://www.send2press.com/wire/172-new-homebuyer-assistance-programs-and-75-new-program-providers-emerged-in-2024-to-tackle-homeownership-affordability/

Down Payment Resource highlights 49 homebuyer assistance programs offering up to $117,000 in funds for Veterans and service members

DPR reports on programs from its national down payment assistance database for Veterans Day and Military Family Appreciation Month

ATLANTA, Ga., Nov. 11, 2024 (SEND2PRESS NEWSWIRE) — Down Payment Resource (DPR), the housing industry’s leading technology for connecting homebuyers with homebuyer assistance programs, is highlighting homebuyer assistance programs to support Veterans, service members and their surviving spouses in conjunction with Veterans Day and Military Family Appreciation Month, both observed in November. While service members are eligible for any of the 2,400-plus U.S. homebuyer assistance programs, DPR found there are 49 programs offering up to $117,000 in assistance specifically developed to help our military community members build, buy or make accessibility-related home renovations.

Image caption: Down Payment Resource (DPR).

“Owning a home is foundational to long-term financial stability, and our goal is to ensure Veterans and their families are aware of the assistance available to them,” said DPR Founder and CEO Rob Chrane. “As we celebrate Veterans Day and Military Family Appreciation Month, we’d like to thank our Veterans, service members and their families. It’s our hope that these programs can unlock the doors to homeownership and all the benefits it brings for them in the coming year.”

An analysis of the 49 programs from DPR’s database showcases the range of assistance available to promote homeownership among Veterans, active-duty service members and their surviving spouses:

Financial assistance range: The programs offer homebuyer assistance ranging from $2,500 to $117,000.
Program types: The homeownership assistance program types consist of 20 second mortgage programs, 15 grants, 12 affordable first mortgage programs, one below market rate (BMR) program, and one other program.
Repayment features: Fifteen programs offer forgivable assistance, provided that all program conditions, such as owner-occupancy, are met. Fifteen are grant programs that do not have to be repaid.
Multi-family support: Twenty-four programs support the purchase of 1-4 unit residential multifamily properties.
Veterans exemptions: In addition to the 49 programs that exclusively serve Veterans, there are 211 homebuyer assistance programs that exempt Veterans from first-time homebuyer requirements.

Individuals can search for their homebuyer assistance program eligibility for free at https://downpaymentresource.com/are-you-eligible/.

Methodology:

DPR produced homebuyer assistance program findings by analyzing its DOWN PAYMENT RESOURCE® database for programs with incentives for people with disabilities. The DOWN PAYMENT RESOURCE® database tracks the funding status, eligibility rules and benefits of all U.S. homebuyer assistance programs using data sourced from more than 1,300 housing finance agencies (HFAs), municipalities, nonprofits and other housing organizations. Homebuyer assistance programs of all types are tracked, including down payment and closing cost assistance, Mortgage Credit Certificates and affordable first mortgages.

About Down Payment Resource:

For more information, visit https://downpaymentresource.com/.

X: @DwnPmtResource #downpaymentassistance #VeteransDay #MilitaryFamilyAppreciationMonth #Veterans

NEWS SOURCE: Down Payment Resource

To view the original story, visit: https://www.send2press.com/wire/down-payment-resource-highlights-49-homebuyer-assistance-programs-offering-up-to-117000-in-funds-for-veterans-and-service-members/

Down Payment Resource finds 2,444 down payment assistance programs nationwide in its Q3 2024 data analysis

DPR's Q3 2024 HPI Report finds 29 homebuyer assistance programs were added this quarter

ATLANTA, Ga., Oct. 21, 2024 (SEND2PRESS NEWSWIRE) — Down Payment Resource (DPR), the housing industry authority on homebuyer assistance program data and solutions, today released its Q3 2024 Homeownership Program Index (HPI) report. The Q3 report saw the number of national homebuyer assistance programs increase by 29 to 2,444.

Image caption: Q3 2024 Homeownership Program Index.

Notably, the report showed a 5% increase in programs for first-generation buyers. First-generation homebuyers have been singled out by the Harris Presidential campaign, which along with building 3 million affordable housing units for rent and ownership, proposes to provide $25,000 down-payment assistance to first-time homebuyers who have paid rent on time for two years, with more generous support for qualifying first-generation homeowners.

“We are pleased to see a growing number of these programs, and think they are becoming a targeted way to help first-time and first-generation homebuyers struggling to save for a down payment get into a home they can afford,” said Rob Chrane, founder and CEO of DPR. “Our data show the average DPA benefit is roughly $17,000. That can be a nice jump-start for saving for a down payment and other costs of homeownership.”

KEY HPI REPORT FINDINGS

An examination of the existing 2,444 homebuyer assistance programs on October 1, 2024, resulted in the following key findings:

The number of U.S. homebuyer assistance programs increased by 29 over the past quarter. This represents a 1.2% increase over the previous quarter.
There was an 8% increase in below market rate/resale programs and 7% increase in grant-funded programs, and 6% increase in other homebuyer assistance from Q2 2024. Below market rate or BMR homes are affordable homes sold at a lower price than the market average and are intended for low- to moderate-income buyers. When a BMR homeowner wants to sell, they must sell the home to an income-eligible buyer.
949 municipalities offered DPA programs. Municipalities represented the majority of funding sources in Q3 2024 at 39%, which is virtually unchanged from last quarter. Nonprofits were the second highest funding source, 21% in Q3 2024, followed by state HFAs at 19%. A few of these programs have seen increases from federal program resources, including the American Rescue Plan Act (ARPA) and US Department of Health and Human Services (HHS).
777 programs supported multifamily purchases, up 7% from the previous quarter. Of those, 526 allowed for 3-unit properties, up 7% from Q2 2024, while 501 allowed for four-unit properties, up 8% from Q2 2024.
195 programs offer incentives for special groups. 35% offer special funding for educators, 29% for protectors, 26% for firefighters, 24% for healthcare workers, and 24% for Native Americans, and 22% for military homebuyers.

A more detailed analysis of the Q3 2024 HPI findings, including infographics and examples of the programs described in this release, can be found on DPR’s website at: https://downpaymentresource.com/professional-resource/the-down-payment-resource-q3-2024-homeownership-program-index-report/.

For a complete list of homebuyer assistance programs by state, visit (PDF): https://downpaymentresource.com/wp-content/uploads/2024/10/HPI-state-by-state-data.Q32024.pdf.

Methodology

Published quarterly, DPR’s HPI surveys the funding status, eligibility rules and benefits of U.S. homebuyer assistance programs administered by state and local housing finance agencies, municipalities, nonprofits and other housing organizations. DPR communicates with over 1,300 program providers throughout the year to track and update the country’s wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates (MCCs) and affordable first mortgages, in the DOWN PAYMENT RESOURCE® database.

About Down Payment Resource:

X: @DwnPmtResource #downpaymentassistance #affordabilitycrisis #housingaffordability #mortgage #housingequity #downpayment

NEWS SOURCE: Down Payment Resource

To view the original story, visit: https://www.send2press.com/wire/down-payment-resource-finds-2444-down-payment-assistance-programs-nationwide-in-its-q3-2024-data-analysis/

Down Payment Resource highlights 48 Native American homebuyer assistance programs in honor of Native American Heritage Month

Analysis finds 48 programs in 13 states offering up to $90,000 in assistance designed to help Native Americans purchase a home

ATLANTA, Ga., Oct. 16, 2024 (SEND2PRESS NEWSWIRE) — Down Payment Resource (DPR), the housing industry’s leading technology for connecting homebuyers with homebuyer assistance programs, is highlighting 48 U.S. homebuyer assistance programs in 13 states that are specifically designed to support Native Americans (American Indians and Alaska Natives) in conjunction with Native American Heritage month in October. While Native Americans may be eligible for all of the 2,400-plus U.S. homebuyer assistance programs, these 48 programs were specifically developed to provide help with down payments and other home-buying costs.

Image caption: Down Payment Resource.

The Native American homeownership rate is around 56% which is significantly lower than the national average, with a gap of roughly 15 percentage points compared to white households. The Native American-white homeownership gap exceeds 30 percentage points in five states.

While the federal government is responsible for providing funding for housing programs on tribal lands, historically this funding has been insufficient, especially in rural areas, according to the National Indian Council on Aging. These communities have many substandard housing units, including dilapidated homes, and many continue to struggle with overcrowding. Nearly 16% of households across tribal lands live in overcrowded conditions, compared to 2.2% nationally, notes the Council.

An analysis of the 48 programs showcases the range of assistance available to promote Native American homeownership.

Eligibility: Most programs are limited to members of federally recognized tribes for purchasing homes on reservations or within specified service areas.
Financial assistance range: The programs offer homebuyer assistance ranging from $2,125 to $90,000.
Income requirements: Fifteen programs have no income requirements. Thirty-one programs have income requirements that range from 80% to 120% of the Area Median Income.
Availability: Assistance programs are offered in 13 states. The states with the most programs are Oklahoma (12), Michigan (9), California (6) and Washington (5). Twenty programs are statewide and 28 are local.
Program types: The homeowner assistance programs encompass various types, including 33 second mortgage programs, nine grant programs, four matched savings programs, and two first mortgage programs. Twenty-six programs are for first-time homebuyers only, and 22 programs can be accessed by repeat buyers.
Forgivable assistance: Thirty-eight of the programs offer forgivable assistance, provided that all program conditions, such as owner-occupancy, are met, further alleviating the financial burdens for aspiring homeowners.
Housing types: All programs allow for purchase of single-family homes. Twenty-eight allow for the purchase of modular or manufactured homes.

“We welcome the growing number of programs for Native American homebuyers. We feel homeownership is an important pathway to economic prosperity and community development,” said DPR Founder and CEO Rob Chrane. “I would encourage Native American homebuyers to search our complete database of all 2,444 down payment assistance programs in the United States — the most complete such resource anywhere — to find those specific to their tribe and region that can help them achieve homeownership and start building generational wealth.”

Individuals can search for their homebuyer assistance program eligibility for free at https://downpaymentresource.com/are-you-eligible/.

Methodology:

About Down Payment Resource:

For more information, visit https://downpaymentresource.com/.

X: @DwnPmtResource #downpaymentassistance #homeownership #housingaffordability #nativeamericanheritagemonth

NEWS SOURCE: Down Payment Resource

To view the original story, visit: https://www.send2press.com/wire/down-payment-resource-highlights-48-native-american-homebuyer-assistance-programs-in-honor-of-native-american-heritage-month/

Mortgage industry veteran Brad Cardwell joins Down Payment Resource as vice president of sales and business development

ATLANTA, Ga. /ScoopCloud/ -- Down Payment Resource (DPR), the housing industry's leading technology for connecting homebuyers with homebuyer assistance programs, today announced 20-year mortgage industry veteran Brad Cardwell has joined DPR as its vice president of sales and business development.

In his new role, Cardwell will lead DPR's enterprise sales, growing both its sales team and partner network, with the goal of making more housing professionals and consumers aware of the availability and benefits of DPA for a range of homebuying expenses and property types.

"We are very excited to have someone of Brad's stature and experience join DPR to extend our sales efforts at a very critical time for our company," said DPR Founder and CEO Rob Chrane. "In the midst of an ongoing affordability crisis, we're seeing more program providers and more down payment assistance options than ever and it's our mission to get DPA into the hands of more homebuyers through their lender or real estate professional. There's never been a time when DPA is more important and we're looking to Brad to help us spread the word."

Cardwell started his mortgage career as a loan officer and team leader at Embrace Home Loans, where he worked for 19 years, most recently as vice president of innovation for revenue and sales enablement. In this position, he launched the Sales Enablement Product Owner role, providing oversight of sales and marketing operations, including crafting go-to-market strategies and managing its technology stack to elevate organizational productivity. As the bridge between the executive team and sales, he led improvements in systems and processes, mitigating risks for loan officers and attaining a 3.5-day reduction in Embrace's lead-to-close timeline.

He also previously served on the executive advisory board of nCino (formerly SimpleNexus, an nCino Company), providing feedback for the product and roadmap.

"I'm especially grateful for this opportunity to contribute to a company that is truly making a difference," Cardwell said. "DPR is at the forefront of helping homebuyers access down payment assistance programs making homeownership more attainable for many. I'm inspired by their mission and can't wait to dive in and collaborate with such an innovative and dedicated team."

About Down Payment Resource:

Down Payment Resource (DPR) is the housing industry authority on homebuyer assistance program data and solutions. With a database that tracks more than 2,400 programs and toolsets for mortgage lenders, multiple listing services (MLSs) and API users, DPR helps housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by seven of the top 25 mortgage lenders, the three largest real estate listing websites and 600,000 real estate agents. For more information, visit https://downpaymentresource.com/.

X/Twitter: @DwnPmtResource #downpaymentassistance #affordablehousing #downpayment

Down Payment Resource (DPR), the housing industry's leading technology for connecting homebuyers with homebuyer assistance programs, today announced 20-year mortgage industry veteran Brad Cardwell has joined DPR as its vice president of sales and business development.

Related link: https://www.downpaymentresource.com/

Federal funds fuel quarterly growth in U.S. down payment assistance programs, which now number 2,415

ATLANTA, Ga. /ScoopCloud/ -- Down Payment Resource (DPR), the housing industry authority on homebuyer assistance program data and solutions, today released its Q2 2024 Homeownership Program Index (HPI) report. The Q2 report saw the national homebuyer assistance programs increase by 42 to 2,415 - the highest count on record. Much of this quarter's increase in program count was due to local agencies pulling more heavily from federal funding to support homebuyer assistance.

"It's very encouraging to see more state HFAs allocating American Rescue Plan Act (ARPA) and US Department of Health and Human Services (HHS) funds to support homeownership. We think this indicates that local municipalities are increasingly viewing affordable homeownership as a stabilizing force that fosters prosperity within communities," said Rob Chrane, founder and CEO of DPR. "We are also particularly encouraged by the rise in programs targeting first-generation homebuyers to ensure more Americans can achieve the dream of homeownership."

Key HPI Report Findings

An examination of the existing 2,415 homebuyer assistance programs on July 1, 2024, resulted in the following key findings:

* The number of U.S. homebuyer assistance programs increased by 42 quarterly. This represents a 2% increase over the previous quarter and 213 more programs than in Q2 2023.

* 29 more program providers supported homebuyer assistance in Q2 2024 than the previous quarter.

* Federally-funded programs are on the rise.

o 24 programs are now funded by the ARPA, a 26% increase from the previous quarter and a 200% increase year-over-year (YoY). The ARPA authorized $350 billion in 2021 to help state, local, and tribal governments respond to and recover from the COVID-19 pandemic. APRA-funded homebuyer assistance programs are on the rise because governments must return funds to the Treasury Department if they are not allocated by December 31, 2024, and spent by December 31, 2026.

o The number of programs funded by HHS increased by 19% quarterly and 121% annually to 31 programs. Many studies have shown that stable housing positively impacts the health of individuals and families. This understanding is likely why HHS is increasingly supporting affordable housing.

* 21 programs target first-generation buyers, a 133% increase from 9 in Q1 2024. First-generation homebuyers are less likely to receive financial assistance from their parents for a downpayment and other upfront home-buying costs. "This is a recent trend we are seeing in the past year or so that started with a few pilot programs and is now being replicated by agencies throughout the country," said Chrane.

* 970 programs allow for repeat buyers, while 1,445 are restricted to first-time buyers. "While the majority of programs are for first-time buyers, we've seen a steady uptick in the number of programs that allow for repeat buyers," said Chrane, noting that the YoY change is 11%.

A more detailed analysis of the Q2 2024 HPI findings, including infographics and examples of the programs described in this release, can be found on DPR's website at https://downpaymentresource.com/professional-resource/the-down-payment-resource-q2-2024-homeownership-program-index-report.

For a complete list of homebuyer assistance programs by state, visit https://downpaymentresource.com/wp-content/uploads/2024/07/HPI-state-by-state-data.Q22024.pdf.

Methodology

Published quarterly, DPR's HPI surveys the funding status, eligibility rules and benefits of U.S. homebuyer assistance programs administered by state and local housing finance agencies, municipalities, nonprofits and other housing organizations. DPR communicates with over 1,300 program providers throughout the year to track and update the country's wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates (MCCs) and affordable first mortgages, in the DOWN PAYMENT RESOURCE® database.

About Down Payment Resource:

Down Payment Resource (DPR) is the housing industry authority on homebuyer assistance program data and solutions. With a database that tracks more than 2,400 programs and toolsets for mortgage lenders, multiple listing services (MLSs) and API users, DPR helps housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by seven of the top 25 mortgage lenders, the three largest real estate listing websites and 600,000 real estate agents. For more information, visit https://downpaymentresource.com/.

X: @DwnPmtResource #downpaymentassistance #affordabilitycrisis #housingaffordability #mortgage #housingequity #downpayment

Down Payment Resource (DPR), the housing industry authority on homebuyer assistance program data and solutions, today released its Q2 2024 Homeownership Program Index (HPI) report. The Q2 report saw the national homebuyer assistance programs increase by 42 to 2,415 - the highest count on record. Much of this quarter's increase in program count was due to local agencies pulling more heavily from federal funding to support homebuyer assistance.

Related link: https://www.downpaymentresource.com/

Eighteen homebuyer assistance programs offering up to $117,000 are available to help people with disabilities and family caregivers purchase or modify a home

ATLANTA, Ga. /ScoopCloud/ -- In celebration of Disability Pride Month in July, Down Payment Resource (DPR) is highlighting 18 U.S. homebuyer assistance programs that are specifically designed to support people with disabilities and their family caregivers on their journey toward homeownership. While people with disabilities may be eligible for any of the 2,300-plus U.S. homebuyer assistance programs in DPR's database, 18 are specifically developed to promote accessibility and inclusivity for aspiring homeowners with disabilities.

People with disabilities represent about 15% of the world's population, spanning all ages, races, ethnicities, genders, sexual orientations, religions and socio-economic backgrounds. Disability Pride Month originated in the U.S. to commemorate the passing of the landmark Americans with Disabilities Act (ADA) in July 1990. The observance seeks to change the way people think about and define disability, to promote the idea that being disabled is a natural part of human diversity and raise awareness of the challenges that people with disabilities face every day.

Program funds can be used for a variety of purposes such as down payments or closing costs. Many of the programs can be combined with other homebuyer assistance programs, providing individuals with disabilities additional financial support and resources.

An analysis of the 18 programs showcases the range of assistance available to promote homeownership for people with disabilities:

* Financial assistance range: The programs offer homebuyer assistance ranging from $2,000 to $117,000.

* Availability: The programs are offered regionally in eight states and the District of Columbia. A financial assistance program is offered nationally by the Department of Veterans Affairs (VA).

* Accessibility modifications: Funding from two programs can be utilized to support accessibility modifications, ensuring homes are tailored to the unique needs of individuals with disabilities.

* Program types: By type, the homeownership assistance programs available are three affordable first mortgages, 12 second mortgage programs, two grant programs and one combined assistance program.

* Homebuyer status: Four assistance programs are open to repeat buyers and four first-time buyer programs offer an exemption for Veterans so they can apply regardless of previous homeownership.

"We believe all Americans should have access to safe, affordable housing and these targeted programs are making homeownership possible for disabled buyers who otherwise thought they couldn't afford to buy, or renovate, their home," said DPR Founder and CEO Rob Chrane. "These programs can help buyers qualify for a mortgage and make changes to the home, like installing handrails, a chair lift or ramps, to make it easier for them to live there."

About Down Payment Resource:

Down Payment Resource (DPR) is the housing industry authority on homebuyer assistance program data and solutions. With a database that tracks more than 2,300 programs and toolsets for mortgage lenders, multiple listing services (MLSs) and API users, DPR helps housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by five of the top 10 retail mortgage lenders and MLSs, three of the four largest real estate listing websites and 600,000 real estate agents. For more information, visit https://downpaymentresource.com/.

X/Twitter: @DwnPmtResource #downpaymentassistance #DisabilityPride

In celebration of Disability Pride Month in July, Down Payment Resource (DPR) is highlighting 18 U.S. homebuyer assistance programs that are specifically designed to support people with disabilities and their family caregivers on their journey toward homeownership. While people with disabilities may be eligible for any of the 2,300-plus U.S. homebuyer assistance programs in DPR's database, 18 are specifically developed to promote accessibility and inclusivity for aspiring homeowners with disabilities.

Related link: https://www.downpaymentresource.com/

Down Payment Resource expands team to keep pace with a rising number of DPA programs and increasing demand

ATLANTA, Ga. /ScoopCloud/ -- Down Payment Resource (DPR), the housing industry's leading technology for connecting homebuyers with homebuyer assistance programs, today announced the addition of three new team members to support growing demand for down payment assistance (DPA) programs.

"We've been in this business since 2008 and have never seen more interest in - and frankly more need for - DPA from both homebuyers and lenders. In response, DPA administrators are growing the number of DPA programs available and expanding the inventory box with programs that support funding for purchases of manufactured homes and multi-family properties," said DPR Founder and CEO Rob Chrane.

"Accordingly, demand for DPR's lender suite, which supports DPA origination from lead generation to processing and underwriting to secondary sales, has grown. Combined with our recent integration with the ICE Encompass® loan origination system, DPR has a very bright future, and we're happy our team is growing to meet market needs."

DPR's three hires are:

:: Veronica Chapa, sales engineer

As sales engineer, Veronica Chapa will accelerate customer acquisition, revenue growth and market penetration at Down Payment Resource. Chapa has an extensive mortgage industry background, having served in various roles at mortgage lenders and mortgage technology companies, including Optimal Blue and Ellie Mae (now ICE Mortgage Technology).

:: Lorrie Johnson, customer success specialist

As a customer success specialist, Lorrie Johnson works on the frontlines with our lender and real estate clients to coordinate customer success initiatives including onboarding, adoption and retention efforts. Johnson has an extensive background in real estate, customer service and sales.

:: Lisa Rhodes, DPA program specialist

As a program specialist, Lisa Rhodes will support collecting, monitoring and managing detailed eligibility data and program requirements for more than 2,300 DPA programs from 1,200 providers. By maintaining regular contact with program providers, Rhodes will ensure the integrity of DPR's DPA Directory, the only tool to track every DPA program in the U.S. Before joining DPR, Rhodes served in various positions, including as HFA program administrator, for 17 years at U.S. Bank.

About Down Payment Resource:

Down Payment Resource (DPR) is the housing industry authority on homebuyer assistance program data and solutions. With a database that tracks more than 2,200 programs and toolsets for mortgage lenders, multiple listing services (MLSs) and API users, DPR helps housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by five of the top 10 retail mortgage lenders and MLSs, three of the four largest real estate listing websites and 600,000 real estate agents.

For more information, visit https://downpaymentresource.com/.

Down Payment Resource (DPR), the housing industry's leading technology for connecting homebuyers with homebuyer assistance programs, today announced the addition of three new team members to support growing demand

Related link: https://www.downpaymentresource.com/

Down Payment Resource integration with ICE Mortgage Technology embeds down payment assistance program support into core mortgage origination software

ATLANTA, Ga. /ScoopCloud/ -- Down Payment Resource (DPR), the housing industry's leading technology for connecting homebuyers with homebuyer assistance programs, today announced a new integration using the latest API framework from Intercontinental Exchange (ICE) for mortgage technology. Available via the Encompass Partner Connect™ API Platform, the integration makes it easier for lenders to support homebuyers with the nation's 2,300-plus down payment assistance (DPA) programs.

DPR's integration with Encompass embeds support for DPA programs directly into core loan production systems, arming lending staff with the information they need to confidently deliver DPA. Borrowers are automatically matched with eligible company approved DPA programs based on declarations and loan application data. LOs are presented with program information, such as benefit amounts and eligibility requirements, so they can advise borrowers on their DPA options and guide them through program-specific processes. DPA program selection is automatically communicated downstream to underwriters by translating program requirements into importable loan conditions, making them easier to manage.

Using DPA can lower the loan amount for a more favorable debt-to-income ratio or provide cash to meet the necessary cash-to-close, helping more low-to-moderate income (LMI) borrowers qualify for a mortgage. A study conducted by Down Payment Resource and the Urban Institute that examined the impact DPA could have had on buyers in the top 10 United States metropolitan statistical areas found that almost half (43.6%) of originated purchase mortgages were eligible for DPA. As far as loan types, 79.8% of FHA loans and 81.9% of USDA loans could have been eligible for DPA.

Moreover, the study found that DPA could have potentially salvaged 30.7% of denied applicants - a gap that affects a significant portion of LMI and minority applicants. Increasing pull-through not only benefits homebuyers, it also offers lenders a much-needed opportunity to grow loan volume in a tight market.

"DPA programs are crucial for promoting homeownership accessibility, particularly for first-time homebuyers, LMI homebuyers and homebuyers of color. Unfortunately, most loan officers don't pursue DPA on behalf of their clients because they don't know about existing programs or are hesitant to try something unfamiliar," said Rob Chrane, founder and CEO of Down Payment Resource. "Embedding Down Payment Resource's lender solutions in Encompass helps LOs overcome those apprehensions. Folding DPA functionality in the core origination gives LOs confidence that they can effectively originate DPA and make borrowers happy. We're giving lending staff everything they need to know the moment a loan needs to be created."

DPR maintains a comprehensive, up-to-date database of every DPA program in the nation. According to DPR's Q1 2024 HPI report, there are 2,373 homebuyer assistance programs available nationwide. All 3,143 U.S. counties have at least one DPA program, more than 2,000 counties have 10 or more programs, and the average DPA benefit is $17,000.

"We hope that by making mortgage staff 'instant experts' on DPA, more homebuyers can benefit from DPA," concluded Chrane.

For more information, visit the Down Payment Resource profile on the Marketplace™ by ICE Mortgage Technology® - https://marketplace.icemortgagetechnology.com/s/marketplaceprofileversion/aDe6g000000LQUfCAO/1566

Encompass Partner Connect enables the integration of key third-party products and services with ICE mortgage technology solutions. ICE does not own, control, nor endorse any specific industry participant or the product/service provided. Loan originators and servicers are responsible for vetting, selecting, and contracting with the providers of their choosing.

About Down Payment Resource:

Down Payment Resource (DPR) is the housing industry authority on homebuyer assistance program data and solutions. With a database that tracks more than 2,200 programs and toolsets for mortgage lenders, multiple listing services and API users, DPR helps housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by five of the top 10 retail mortgage lenders, three of the four largest real estate listing websites and 600,000 real estate agents.

For more information, visit https://downpaymentresource.com/.

Twitter: @DwnPmtResource #downpaymentassistance @ICEMortgageTech

Down Payment Resource (DPR), the housing industry's leading technology for connecting homebuyers with homebuyer assistance programs, today announced a new integration using the latest API framework from Intercontinental Exchange (ICE) for mortgage technology. Available via the Encompass Partner Connect™ API Platform, the integration makes it easier for lenders to support homebuyers with the nation's 2,300-plus down payment assistance (DPA) programs.

Related link: https://www.downpaymentresource.com/

Down Payment Resource brings its award-winning homebuyer assistance software to The Mortgage Collaborative as a preferred partner

ATLANTA, Ga. /ScoopCloud/ -- Down Payment Resource (DPR), the housing industry's leading technology for connecting homebuyers with homebuyer assistance programs, today announced that it has joined The Mortgage Collaborative (TMC), the nation's largest independent cooperative network serving the mortgage industry. As a member of TMC's Preferred Partner Network, DPR will provide its software, which provides operational support for utilizing its database of more than 2,300 down payment assistance (DPA) programs, at a discounted rate to TMC members.

"Partnering with TMC is strategically aligned with our efforts to raise awareness that DPR's suite of lender tools supports DPA origination from product management and lead generation to processing and underwriting," said DPR Founder and CEO Rob Chrane. "Borrower demand for affordability solutions is at a fever pitch, and our software makes it easy for lenders to operationally support DPA programs and meet the financing needs of the communities they serve."

DPR is the only organization to track the eligibility and benefits information of every DPA program in the country. DPR offers a united suite of four key solutions for lenders:

* DPA Directory - a comprehensive and searchable directory of homeownership programs that serves as a central information hub, reducing the need for manual research and enabling competitive positioning with optimal programs.

* Loan Officer Portal - an automated tool that matches borrowers with approved homeownership programs, streamlining the matching process, minimizing errors and enhancing loan approval rates.

* Underwriter Portal - provides underwriters with direct access to updated program details, ensuring adherence to approved DPAs and enhancing operational efficiency.

* Consumer Portal - designed to engage prospective homebuyers with a user-friendly, mobile-optimized experience and generate leads for lenders.

Using DPA can lower the loan amount for a more favorable debt-to-income ratio or provide cash to meet the necessary cash-to-close requirements, helping more low-to-moderate income (LMI) borrowers qualify for a mortgage. A study conducted by DPR and the Urban Institute that examined the impact DPA could have had on buyers in the top 10 United States metropolitan statistical areas found that almost half (43.6%) of originated purchase mortgages were eligible for DPA. As far as loan types, 79.8% of FHA loans and 81.9% of USDA loans could have been eligible for DPA.

Founded in 2013, TMC empowers mortgage lenders across the country with networking and professional development opportunities, and by sharing best practices and technologies that drive market growth, efficiency and profitability.

"We've been long-time fans of DPR and their advocacy for mortgage lenders using DPA to help qualify more people so they can achieve homeownership and start building generational wealth. Their mission to expand affordable homeownership, especially with low-income and minority homeowners, aligns well with our mission of helping lenders expand their business in underserved communities and meet CRA lending guidelines," said TMC President and CEO Melissa Langdale. "We're pleased to bring the DPA experts into our fold to help encourage and educate lenders who may be on the fence or not understand the impact DPA could have on their business."

About Down Payment Resource:

Down Payment Resource (DPR) is the housing industry authority on homebuyer assistance program data and solutions. With a database that tracks more than 2,300 programs and toolsets for mortgage lenders, multiple listing services (MLSs) and API users, DPR helps housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by five of the top 10 retail mortgage lenders and MLSs, three of the four largest real estate listing websites and 600,000 real estate agents. For more information, visit https://downpaymentresource.com/.

About The Mortgage Collaborative:

The Mortgage Collaborative was founded in 2013 by four notable industry leaders and is the nation's largest independent mortgage cooperative network. TMC is singularly focused on creating an environment of collaboration and innovation for small to midsize mortgage lenders across the country to reduce cost, increase profitability, and better serve the dynamic and changing consumer base in America. For more information, visit https://www.mortgagecollaborative.com.

X/Twitter: @DwnPmtResource @MtgCoop #downpaymentassistance

Down Payment Resource (DPR), the housing industry's leading technology for connecting homebuyers with homebuyer assistance programs, today announced that it has joined The Mortgage Collaborative (TMC), the nation's largest independent cooperative network serving the mortgage industry. As a member of TMC's Preferred Partner Network, DPR will provide its software, which provides operational support for utilizing its database of more than 2,300 down payment assistance (DPA) programs, at a discounted rate to TMC members.

Related link: https://www.downpaymentresource.com/

Down Payment Resource reports highest annual down payment assistance program count growth on record

ATLANTA, Ga. /ScoopCloud/ -- Down Payment Resource (DPR), the housing industry authority on homebuyer assistance program data and solutions, today released its Q1 2024 Homeownership Program Index (HPI) report. In a quarter where year-over-year (YoY) home prices jumped 6%, the YoY national down payment assistance count increased by 204, the largest annual jump since DPR began reporting on this data in Q3 2020. There are now 2,373 homebuyer assistance programs available nationwide, with at least one program in every U.S. county and 10 or more programs available in 2,000 counties.

"A lot of down payment assistance (DPA) goes untapped simply because buyers, lenders and agents are unaware it exists or have misconceptions about how it works and who can qualify. In reality, most DPA program providers calibrate eligibility requirements to area median income and local median housing prices, enabling them to support homeownership in both low and very high cost of living markets," said Rob Chrane, founder and CEO of DPR.

Key HPI Report Findings

An examination of the existing 2,373 homebuyer assistance programs on April 3, 2024, resulted in the following key findings:

* The national homebuyer assistance program count saw a quarterly increase of 79. This represents a 3% increase in program count over the previous quarter.

* Below Market Rate (BMR)/resale programs are up 7% quarterly and 108% annually and now total 77. Local jurisdictions set sale prices on BMR/resale eligible homes and may offer additional financial assistance to make them more accessible and affordable to low- and moderate-income individuals and families.

* 497 DPA programs are available through nonprofits, up 15% from the previous quarter. 450 programs are offered through state Housing Finance Agencies, unchanged from the previous quarter.

* 947 programs are available through municipalities, up 5% from the previous quarter. There has been steady growth in programs from municipalities, especially states with high home prices like California, where many homebuyers struggle with affordability.

A more detailed analysis of the Q1 2024 HPI findings, including infographics and examples of the programs described in this release, can be found on DPR's website at https://downpaymentresource.com/professional-resource/the-down-payment-resource-q1-2024-homeownership-program-index-report/.

For a complete list of homebuyer assistance programs by state, visit https://downpaymentresource.com/wp-content/uploads/2024/04/HPI-state-by-state-data.Q12024.pdf.

Methodology

Published quarterly, DPR's HPI surveys the funding status, eligibility rules and benefits of U.S. homebuyer assistance programs administered by state and local housing finance agencies, municipalities, nonprofits and other housing organizations. DPR communicates with over 1,300 program providers throughout the year to track and update the country's wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates (MCCs) and affordable first mortgages, in the DOWN PAYMENT RESOURCE(r) database.

About Down Payment Resource:

Down Payment Resource (DPR) is the housing industry authority on homebuyer assistance program data and solutions. With a database that tracks more than 2,300 programs and toolsets for mortgage lenders, multiple listing services (MLSs) and API users, DPR helps housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by five of the top 10 retail mortgage lenders and MLSs, three of the four largest real estate listing websites and 600,000 real estate agents. For more information, visit https://downpaymentresource.com/.

Down Payment Resource (DPR), the housing industry authority on homebuyer assistance program data and solutions, today released its Q1 2024 Homeownership Program Index (HPI) report. In a quarter where year-over-year (YoY) home prices jumped 6%, the YoY national down payment assistance count increased by 204, the largest annual jump since DPR began reporting on this data in Q3 2020.

Related link: https://www.downpaymentresource.com/

Heartland Multiple Listing Service implements Down Payment Resource to raise homebuyer awareness about down payment assistance programs in the Greater Kansas City community

ATLANTA, Ga. /ScoopCloud/ -- Down Payment Resource (DPR), the housing industry's leading technology for connecting homebuyers with homebuyer assistance programs, today announced that Heartland Multiple Listing Service (MLS) has implemented its tools to notify real estate agents when homebuyers may be eligible for down payment assistance. According to a DPR analysis, 87% of Heartland MLS's listings are eligible for one or more homebuyer assistance programs.

Founded in 1993, Heartland MLS serves more than 12,000 real estate agents in the Greater Kansas City area. The MLS's partnership with DPR flags listings eligible for down payment assistance (DPA) so agents can help make homeownership more accessible in their communities. DPR reports that 27 agencies support 39 homebuyer assistance programs in the Heartland MLS footprint. Assistance amounts range from $3,000 to $37,000 and can be used by homebuyers who earn as much as $143,000 per year toward homes priced up to $766,550, though income and price limits are even higher in certain targeted areas. On average, homes in the Heartland MLS's service region are eligible for roughly $15,000 in assistance.

"Kansas City is seeing a 4% increase in home prices over this time last year, and salaries are just not keeping pace. It's imperative for real estate agents to inform homebuyers about DPA opportunities so more people can qualify for a mortgage and begin building generational wealth through homeownership," said Rob Chrane, founder and CEO of DPR. "We are proud to share our comprehensive database of homebuyer assistance programs - including down payment assistance, grants, affordable first mortgages and more - to help Heartland MLS subscribers better serve their communities, and especially low-to-moderate income (LMI) and minority buyers, with the financial resources that help make homeownership achievable."

"Our MLS subscribers have been long-term champions of the Kansas City community and dedicated to helping homebuyers gain access to safe and sustainable homeownership," said Rob Wagoner, senior vice president, MLS director at Kansas City Regional Association of REALTORS(r) and Heartland MLS. "Our partnership with DPR will help our subscribers better serve homebuyers by shedding light on homebuyer assistance available in our region. Heartland MLS looks forward to further supporting homeownership in our region with DPR's support and user-friendly digital tools."

For more than seven years, Kansas City Regional Association of REALTORS(r), which owns Heartland MLS, has given agent members access to a widget that empowers consumers to search for their homebuyer assistance eligibility.

About Heartland MLS:

Since its inception in 1993, Heartland MLS has been the trusted source for the most complete and accurate real estate information across the Kansas City region. Heartland MLS currently provides services to more than 12,000 subscribers and participants across 39 counties in Kansas and Missouri. Heartland MLS provides real estate professionals with reliable, cost-effective access to a suite of state-of-the-art MLS technology services and products to serve their business needs in today's fast-paced industry. Heartland MLS helped facilitate over 37,000 real estate transactions valued at nearly $12.6 billion in 2023. Heartland MLS is owned and operated by the Kansas City Regional Association of REALTORS(r). For more information, visit the Heartland MLS website.

About Down Payment Resource:

Down Payment Resource (DPR) is the housing industry authority on homebuyer assistance program data and solutions. With a database that tracks more than 2,200 programs and toolsets for mortgage lenders, multiple listing services (MLSs) and API users, DPR helps housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by five of the top 10 retail mortgage lenders and MLSs, three of the four largest real estate listing websites and 600,000 real estate agents. For more information, visit https://downpaymentresource.com/.

Down Payment Resource (DPR), the housing industry's leading technology for connecting homebuyers with homebuyer assistance programs, today announced that Heartland Multiple Listing Service (MLS) has implemented its tools to notify real estate agents when homebuyers may be eligible for down payment assistance. According to a DPR analysis, 87% of Heartland MLS's listings are eligible for one or more homebuyer assistance programs.

Related link: https://www.downpaymentresource.com/

Down Payment Resource’s Veronica Khandelwal named to National Mortgage Professional’s 2024 Women of Inspiration list

ATLANTA, Ga. /ScoopCloud/ -- Down Payment Resource (DPR), the housing industry's leading technology for connecting home buyers with homebuyer assistance programs, today announced that Vice President, Housing Finance Authority (HFA) Relations, Veronica Khandelwal, has been named to the 2024 Women of Inspiration list by National Mortgage Professional, an American Business Media publication.

Khandelwal combines her passion for affordable lending with broad mortgage product development experience to help lenders connect consumers with homebuyer assistance programs nationwide. She was brought on by DPR to manage its HFA relationships, and she has since been promoted twice for her exemplary leadership. More recently, Khandelwal has helped hire, train and manage DPA and HFA experts dedicated to taking the industry-first homebuyer assistance platform to the next level, nearly doubling the size of the team.

Prior to Down Payment Resource, Khandelwal worked in mortgage product development at Fifth Third Bank, where she was the go-to subject matter expert for all affordable lending programs.

"We are extremely proud of Veronica and agree wholeheartedly that she's an exemplary woman of influence on many fronts," said Rob Chrane, CEO of Down Payment Resource. "Her passion for helping historically underserved homebuyers is only matched by her passion for helping lenders uplift buyers by training them on programs designed to help consumers afford the upfront costs of a mortgage loan - one of the most significant financial barriers to homeownership."

"Being recognized on the Women of Inspiration list is a profound honor and a testament to the collective effort of our team at Down Payment Resource," said Khandelwal. "This accolade not only highlights my personal commitment to making homeownership more accessible but also shines a light on the importance of affordable lending programs in empowering consumers and transforming lives. I am deeply grateful for the opportunity to contribute to this mission and to be part of a movement that champions inclusion and equality in the mortgage industry. Together, we are breaking down barriers to homeownership and paving the way for a more inclusive and equitable future."

About Down Payment Resource:

Down Payment Resource (DPR) is the housing industry authority on homebuyer assistance program data and solutions. With a database that tracks more than 2,200 programs and toolsets for mortgage lenders, multiple listing services and API users, DPR helps housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by five of the top 10 retail mortgage lenders by volume, three of the four largest real estate listing websites and 600,000 real estate agents. For more information, visit https://downpaymentresource.com/.

Down Payment Resource (DPR), the housing industry's leading technology for connecting home buyers with homebuyer assistance programs, today announced that Vice President, Housing Finance Authority (HFA) Relations, Veronica Khandelwal, has been named to the 2024 Women of Inspiration list by National Mortgage Professional, an American Business Media publication.

Related link: https://www.downpaymentresource.com/

Down Payment Resource CEO Rob Chrane honored as 2024 RISMedia Newsmaker

ATLANTA, Ga. /ScoopCloud/ -- Down Payment Resource (DPR), the housing industry's leading technology for connecting home buyers with homebuyer assistance programs, today announced that its Founder and CEO Rob Chrane has been named a RISMedia 2024 Real Estate Newsmaker. Newsmakers are recognized for their contributions to the real estate industry and their efforts to positively impact the consumers and communities they serve.

Chrane was honored in the Crusader category for his relentless commitment to "championing a better way." By developing technology that helps housing professionals connect homebuyers with homebuyer assistance programs, he has profoundly impacted the lives of countless individuals and families striving to achieve homeownership.

Chrane is a 30-year veteran of the housing industry. In 2008, he founded DPR to help people clear the largest hurdle to their homeownership dreams: down payment and closing costs. With his team, Chrane has built the only comprehensive database of homebuyer assistance programs in the nation. To date, DPR has connected more than 6 million unique users with homebuyer assistance program information.

"Sustainable homeownership feels out of reach for many, especially those in underserved communities," said Chrane. "Connecting potential homebuyers with lenders and programs that can help them build wealth and stability is one of the most fulfilling goals I have chased, and I look forward to continuing to support equitable homeownership across the country."

"From the creativity and innovation being implemented through the shifting and challenging 2023 market, to industry records being broken, to the wonderful charitable work being done across the nation, we continue to be amazed by the ingenuity and success of these real estate professionals," said John Featherston, founder, CEO and publisher of RISMedia.

To learn more about RIS Media's 2024 Newsmakers, visit https://www.rismedia.com/newsmaker/rob-chrane-2024/

About Down Payment Resource:

Down Payment Resource (DPR) is the housing industry authority on homebuyer assistance program data and solutions. With a database that tracks more than 2,200 programs and toolsets for mortgage lenders, multiple listing services and API users, DPR helps housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by five of the top 10 retail mortgage lenders by volume, three of the four largest real estate listing websites and 600,000 real estate agents. For more information, visit https://downpaymentresource.com/.

X/Twitter: @DwnPmtResource #downpaymentassistance

Down Payment Resource (DPR), the housing industry's leading technology for connecting home buyers with homebuyer assistance programs, today announced that its Founder and CEO Rob Chrane has been named a RISMedia 2024 Real Estate Newsmaker. Newsmakers are recognized for their contributions to the real estate industry and their efforts to positively impact the consumers and communities they serve.

Related link: https://www.downpaymentresource.com/

Down Payment Resource presents Housing and Education Alliance Founder and Executive Director Sylvia Alvarez with 2023 Beverly Faull Affordable Housing Leadership Award

ATLANTA, Ga. /ScoopCloud/ -- Down Payment Resource (DPR), the housing industry's leading technology for connecting home buyers with homebuyer assistance programs, today announced that it selected Sylvia Alvarez, founder and executive director of Housing and Education Alliance (HEA), as the winner of its 2023 Beverly Faull Affordable Housing Leadership Award.

Now in its sixth year, the Beverly Faull Affordable Housing Leadership Award recognizes an individual or organization that has exhibited a steadfast commitment to expanding access to affordable homeownership. DPR created the award program in memory of one of its first employees, Beverly Faull, for her wholehearted dedication to the company's mission to improve access to homebuyer assistance programs.

Long-time housing advocate and HUD-certified Housing Counselor Alvarez founded HEA in 2002 to serve residents of Tampa Bay, Fla. HEA has delivered more than $126 million in down payment assistance to low- and moderate-income (LMI) families in support of 12,000+ home purchases. The non-profit has received many awards including the coveted "NonProfit of the Year" through PBS's national program the Be More Awards.

Alvarez is a highly respected housing advocate and has worked with the U.S. Treasury, HUD, the Department of Agriculture and has been invited to the White House six times to consult on housing issues. She is the co-author of The American Nightmare: Strategies for Preventing, Surviving and Overcoming Foreclosure, which chronicles both the judicial and non-judicial processes, phases, options and consequences of foreclosure and how homeowners can rebuild their credit to purchase a home again. Alvarez has become an advocate and voice for homeless families and is frequently interviewed in local and national media on housing issues.

"We have been a proud partner and admirer of HEA for many years and look toward a brighter future in working together to help even more Tampa families become homeowners," said DPR CEO Rob Chrane. "I see a lot of Beverly [Faull] in Sylvia's determination and leadership style. We are thrilled to recognize her in Beverley's memory."

"I am honored DPR has recognized our efforts to help more than 55,000 Tampa Bay residents secure affordable housing. Our team has been passionate about this issue for more than two decades and continues to help LMI renters in Tampa make the move to homeownership to start to create generational wealth," Alvarez said. "We will continue to work hard to help every deserving applicant have a place to call home."

In recognition of Alvarez's achievements, DPR will make a $5,000 donation to HEA.

To learn more about HEA, visit https://www.heausa.org/.

About Down Payment Resource:

Down Payment Resource (DPR) is the housing industry authority on homebuyer assistance program data and solutions. With a database that tracks more than 2,200 programs and toolsets for mortgage lenders, multiple listing services and API users, DPR helps housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by five of the top 10 retail mortgage lenders by volume, three of the four largest real estate listing websites and 600,000 real estate agents.

For more information, visit https://downpaymentresource.com/.

Down Payment Resource (DPR), the housing industry's leading technology for connecting home buyers with homebuyer assistance programs, today announced that it selected Sylvia Alvarez, founder and executive director of Housing and Education Alliance (HEA), as the winner of its 2023 Beverly Faull Affordable Housing Leadership Award.

Related link: https://www.downpaymentresource.com/

Down Payment Resource reports 135 homebuyer assistance programs were introduced in 2023 to combat the least affordable housing market in decades

ATLANTA, Ga. /ScoopCloud/ -- Down Payment Resource (DPR), the housing industry authority on homebuyer assistance program data and solutions, today released its Q4 2023 Homeownership Program Index (HPI) report. During a year when home affordability hit a nearly four-decade low, housing agencies introduced 135 homebuyer assistance programs and expanded eligible inventory to make homeownership more accessible.

"As the housing market grappled with historic affordability challenges in 2023, our HPI report reveals a critical response: the introduction of 135 innovative homebuyer assistance programs - a six-percent increase over the previous year. This surge in programs, which now totals 2,294 nationwide, represents a concerted effort by housing agencies to expand opportunities and break down barriers to homeownership," said Rob Chrane, Founder and CEO of DPR. "With a significant increase in programs for manufactured homes, multi-family properties, and specific buyer demographics like service members and Native Americans, this year's report underscores a growing commitment to diversify housing solutions and empower a broader spectrum of aspiring homeowners."

Key HPI Report Findings

An examination of the existing 2,294 homebuyer assistance programs on January 8, 2024, resulted in the following key findings:

* 804 programs allow for the purchase of a manufactured home, up 20% from the previous year. Housing agencies are expanding program eligibility to include more property types. Manufactured housing has a lower entry point than other types of homes and is helping many buyers get their foot in the door. DPR expects to see the number of programs that allow for manufactured housing continue to grow.

* 686 programs allow for the purchase of a multi-family property, up 8% from the previous year. Using DPA to purchase a multi-family property has become increasingly popular. This allows people to become homebuyers as well as investors - a strategy that has been called "house hacking" in recent years. In addition to completing a homebuyer education class, borrowers purchasing a multi-family home with homebuyer assistance typically have to go through classes on being a landlord to ensure long-term sustainability.

* 448 programs are funded by state Housing Finance Agencies (HFAs), up 2% from the previous year. Programs from state HFAs account for 20% of all programs.

- 86 programs are offered through Florida's State Housing Initiatives Partnership (SHIP), up 12 programs from Q4 2022. Florida Housing's SHIP program funds are distributed on an entitlement basis to all 67 counties and 55 Community Development Block Grant entitlement cities in Florida. SHIP dollars may be used to fund emergency repairs, new construction, rehabilitation, down payment and closing cost assistance, impact fees, construction and gap financing, mortgage buy-downs, acquisition of property for affordable housing, matching dollars for federal housing grants and programs, and homeownership counseling.

* 922 programs are available through municipalities, up 5% from the previous year. There has been steady growth in programs from municipalities, especially states with high home prices like California, where many homebuyers struggle with affordability.

* 475 DPA programs are available through nonprofits, up 15% from the previous year.

* 194 programs are "incentive" programs, meaning they target a segment of homebuyers by profession or ethnicity. In Q4 2023, there was a 47% increase in programs YoY for service members and Veterans and a 13% increase in programs targeting Native American homebuyers.

A more detailed analysis of the Q4 2023 HPI findings, including infographics and examples of the programs described in this release, can be found on DPR's website at: https://downpaymentresource.com/professional-resource/the-down-payment-resource-q4-2023-homeownership-program-index-report/.

For a complete list of homebuyer assistance programs by state, visit: https://downpaymentresource.com/wp-content/uploads/2024/01/HPI-state-by-state-data.Q42023.pdf.

Methodology

Published quarterly, DPR's HPI surveys the funding status, eligibility rules and benefits of U.S. homebuyer assistance programs administered by state and local housing finance agencies, municipalities, nonprofits and other housing organizations. DPR communicates with over 1,300 program providers throughout the year to track and update the country's wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates (MCCs) and affordable first mortgages, in the DOWN PAYMENT RESOURCE(r) database.

About Down Payment Resource:

Down Payment Resource (DPR) is the housing industry authority on homebuyer assistance program data and solutions. With a database that tracks more than 2,200 programs and toolsets for mortgage lenders, multiple listing services and API users, DPR helps housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by five of the top 10 retail mortgage lenders by volume, three of the four largest real estate listing websites and 600,000 real estate agents. For more information, visit https://downpaymentresource.com/.

Down Payment Resource (DPR), the housing industry authority on homebuyer assistance program data and solutions, today released its Q4 2023 Homeownership Program Index (HPI) report. During a year when home affordability hit a nearly four-decade low, housing agencies introduced 135 homebuyer assistance programs and expanded eligible inventory to make homeownership more accessible.

Related link: https://www.downpaymentresource.com/