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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

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.

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/

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/

Click n’ Close launches SmartBuy 5/1 ARM DPA product to help builders address affordability challenges

ADDISON, Texas, Sept. 3, 2025 (SEND2PRESS NEWSWIRE) — Click n’ Close, a multi-state mortgage lender, today announced the launch of its SmartBuy 5/1 ARM Down Payment Assistance (DPA) product, designed specifically to help home builders address affordability concerns and support new home sales.

Image caption: Click n’ Close logo.

With the National Association of Home Builders (NAHB) reporting that new home sales remain flat amid persistent affordability pressures, builders are seeking financing programs that make it easier for buyers to purchase new homes. The SmartBuy 5/1 ARM DPA program combines a competitive ARM first mortgage with a repayable second mortgage that can be applied to down payments, closing costs, prepaids or rate buydowns. This structure enables builders and their lending partners to present buyers with more approachable monthly payments and lower upfront barriers.

“The SmartBuy 5/1 ARM DPA is built with builders in mind,” said Jeff Bode, founder and CEO of Click n’ Close. “It provides a practical way to address affordability concerns, giving builders another tool to help buyers move forward with confidence in today’s market.”

The SmartBuy 5/1 ARM DPA builds on Click n’ Close’s established down payment assistance programs, underscoring the company’s commitment to developing innovative financing options that align with borrower needs and current market dynamics. To learn more about the SmartBuy suite of DPA products, connect with a wholesale account executive (https://cnctpo.com/wholesale-account-executives/) or email correspondent@clicknclose.com.

About Click n’ Close, Inc.

Click n’ Close, Inc. is a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels. It is also the nation’s leading provider of Section 184 home loans for Native Americans. In operation since 1940, Click n’ Close has remained at the forefront of mortgage innovation, pioneering the adoption of eClosings and eNotes.

The company’s entrepreneurial spirit and risk management mindset have driven the development of groundbreaking loan products, including its USDA One-Time Close construction program, proprietary DPA solutions and a dedicated reverse mortgage division. With direct access to capital markets via relationships with Fannie Mae, Freddie Mac, Ginnie Mae and private investors, Click n’ Close ensures liquidity and reliability for its partners and borrowers. By servicing its loan programs in-house, the company offers wholesale and correspondent clients added confidence in loan salability and borrower satisfaction by servicing its loan programs in-house.

Learn more at www.clicknclose.com.

NEWS SOURCE: Click n' Close Inc.

This press release was issued on behalf of the news source (Click n' Close Inc.), 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.

To view the original story, visit: https://www.send2press.com/wire/click-n-close-launches-smartbuy-5-1-arm-dpa-product-to-help-builders-address-affordability-challenges/

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

To view the original story, visit: https://www.send2press.com/wire/down-payment-resource-announces-strategic-partnership-with-firsthome-iq-to-expand-access-to-homebuyer-assistance-programs/

Arcasa introduces nationwide Energy-Smart DPA Program to Down Payment Resource platform

Program combines down payment assistance, regardless of income, with solar upgrades and a market-rate first mortgage all in one loan

SALT LAKE CITY, Utah and ATLANTA, Ga., July 8, 2025 (SEND2PRESS NEWSWIRE) — Arcasa, a provider of solar-integrated mortgage solutions, and Down Payment Resource, the housing industry’s leading technology for connecting homebuyers with homebuyer assistance programs, today announced that Arcasa’s Energy-Smart DPA program is now listed nationwide in Down Payment Resource’s DPA Directory. Energy-Smart DPA combines a market-rate home loan with energy-efficient upgrades, giving homebuyers a single, streamlined path to both homeownership and long-term utility savings.

Image caption: Arcasa introduces nationwide Energy-Smart DPA Program to Down Payment Resource platform.

Available for use with Federal Housing Administration (FHA) financing, Arcasa’s Energy-Smart DPA program is designed to help homebuyers access energy-efficient home improvements while eliminating one of the most common barriers associated with purchasing a home: saving for a down payment. The nationwide program, which can be white-labeled to suit a lender’s unique branding, offers homebuyers a market-rate first mortgage paired with either a forgivable second mortgage or a DPA grant. It has no geographic or area median income (AMI) caps and offers significantly lower fees than many DPA programs and traditional solar financing options.

“For years, the challenge has been finding a way to integrate energy-efficient upgrades into home financing in a way that works for both homebuyers and lenders,” said Cole Bestgen, CEO of Arcasa. “Arcasa’s deep expertise in both the solar and mortgage industries has allowed us to design a practical solution that lenders can deliver at scale while providing meaningful upfront and life-of-loan savings to borrowers.”

“The combination of broad program eligibility and attractive financial incentives makes Arcasa’s Energy-Smart DPA program a compelling option for today’s homebuyers, who are actively seeking creative ways to make homeownership more affordable,” said Rob Chrane, founder and CEO of Down Payment Resource. “It’s also a smart way for lenders to unlock more transactions in a market where every transaction counts.”

Solar installation, a required component of the financing package, takes place after closing and does not delay the loan process. Arcasa works with local installers to coordinate the upgrades, helping buyers avoid the high sales commissions and additional financing costs often associated with post-purchase solar projects.

By incorporating solar incentives at the time of purchase, Arcasa’s Energy-Smart DPA program allows borrowers to reduce upfront origination costs and potentially lower their monthly mortgage payments. Buyers may also be eligible for a 30% federal tax credit, subject to qualification, and monthly utility bill savings after installation is complete. According to Zillow, homes with solar sell for an average of 4.1% more than comparable non-solar homes, underscoring the potential long-term value for homeowners.

Full details on Arcasa’s Energy-Smart DPA program are available to Down Payment Resource enterprise customers through the DPA Directory. Down Payment Resource streamlines management of homebuyer assistance programs by making a lender’s DPA offerings available to underwriters, mortgage loan officers and consumers through role-based portals and direct loan origination system integration.

Lenders can also request more information directly from Arcasa at https://www.arcasa.io/loanofficers.

About Arcasa:

Arcasa is transforming homeownership by integrating solar upgrades directly into the mortgage process. The company’s innovative approach helps homebuyers qualify for better mortgages, lower their energy costs and unlock long-term financial benefits without upfront expenses. By simplifying solar for loan officers, homebuyers and builders, Arcasa makes affordable homeownership attainable and creates homes with lasting value. For more information, visit https://www.arcasa.io/.

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 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/.

Tags: @DwnPmtResource #mortgage #downpayment #affordablehousing #fintech #solar

NEWS SOURCE: Arcasa

This press release was issued on behalf of the news source (Arcasa), 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.

To view the original story, visit: https://www.send2press.com/wire/arcasa-introduces-nationwide-energy-smart-dpa-program-to-down-payment-resource-platform/

Click n’ Close’s SmartBuy™ Shared Appreciation Mortgage Program expands to Freddie Mac 30-year conventional loans

Homebuyers can now access 5% down payment assistance without restrictions on first-time purchases

ADDISON, Texas, Feb. 6, 2025 (SEND2PRESS NEWSWIRE) — Click n’ Close (CNC), a multi-state mortgage lender, today announced its SmartBuy™ Shared Appreciation Mortgage (SAM) program now features a 30-year, fixed-rate conventional option approved by Freddie Mac.

Image caption: Click n’ Close, Inc.

“Regardless of what is admittedly a difficult market for buyers, our SmartBuy Shared Appreciation Mortgage tool puts homeownership in reach for people who may not have thought it possible,” said Jeff Bode, owner and CEO of Click n’ Close. “Buyers can increase their financial stability and realize the benefits of what is, for most Americans, the largest investment of a lifetime.”

Launched in April 2024, CNC’s SAM program offers a below-market interest rate for first-lien FHA, USDA and now conventional loans and a repayable DPA second lien in exchange for a portion of the home’s appreciation [*note 1] during the first five years. After the five-year accumulation period, the shared appreciation amount is added to the second lien and amortized over the remaining term. The program has no restrictions on first-time purchases or income levels.

“CNC’s Shared Appreciation Mortgage program (SAM) combines with the DPA SmartBuy program to provide homebuyers with additional flexibility, helping them secure a home with minimal upfront costs while benefiting from shared appreciation in the property’s value over time,” Bode added. “Having a conventional option in addition to FHA and USDA simply helps make homeownership more accessible for a broader range of buyers.”

Industry professionals interested in the SAM program should contact their Click n’ Close wholesale or correspondent account representative.

About Click n’ Close, Inc.:

Click n’ Close, Inc. is a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels and is also the nation’s leading provider of Section 184 home loans for Native Americans. In operation since 1940, Click n’ Close has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings and eNotes.

Combining this culture of innovation with a risk management mindset enables Click n’ Close to deliver new products to market that address the challenges facing both borrowers and third-party originators (TPOs). These innovations include its USDA one-time close construction loans, proprietary down payment assistance (DPA) program and reverse mortgage division. Its direct relationships with Fannie Mae, Freddie Mac, Ginnie Mae and private investors afford Click n’ Close direct access to the capital markets, thus ensuring maximum liquidity for its product innovations. By servicing its loan programs in-house, Click n’ Close provides its wholesale and correspondent partners with an additional level of certainty regarding loan salability and superior borrower service over the life of the loan.

Learn more at https://www.clicknclose.com/.

NOTES:
*NOTE 1: Shared appreciation amount will vary based on first-lien loan product type.

NEWS SOURCE: Click n' Close Inc.

To view the original story, visit: https://www.send2press.com/wire/click-n-closes-smartbuy-shared-appreciation-mortgage-program-expands-to-freddie-mac-30-year-conventional-loans/

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:

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

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/

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/

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/

Click n’ Close to Receive Top Lender Award at USDA’s Single Family Housing Guaranteed Loan Program Ceremony

ADDISON, Texas /ScoopCloud/ -- Click n' Close, a multi-state mortgage lender, today announced that it will be honored with a top lender award at the United States Department of Agriculture's Single Family Housing Guaranteed Loan Program ceremony. This recognition underscores Click n' Close's commitment to fostering homeownership and supporting community development through innovative loan programs.

Click n' Close has been instrumental in extending more than $1.5 billion in Down Payment Assistant-related financing, helping over 6,000 borrowers become homeowners. The company continues to innovate with programs like SmartBuy(tm), which combines USDA or FHA-insured 30-year first mortgages with second-lien options to assist homebuyers with down payments, closing costs or interest rate reductions. Most recently, Click n' Close unveiled its DPA with Shared Appreciation loan program, which offers a below-market interest rate for first-lien FHA and USDA loans and a repayable DPA second lien in exchange for up to 40% of the home's appreciation during the first five years.

Other innovations include Click n' Close's One-Time Close (OTC) program, which offers 100% loan-to-value (LTV) financing covering land, construction and closing costs and features no down payment or minimum investment requirements and the ability to finance the 1% USDA Guarantee Fee up to 101% LTV.

"We are deeply honored to receive this recognition from the Single Family Housing Guaranteed Loan Program. This award reflects our dedication to providing accessible and affordable mortgage solutions to families across the country," said Jeff Bode, founder and CEO of Click n' Close. "We look forward to celebrating this achievement with our peers. This honor motivates us to continue our efforts in expanding homeownership opportunities and supporting the diverse needs of American homebuyers."

The award ceremony will be at 11 a.m. EST on Thursday, June 12, on the Whitten Patio at the Whitten Building in Washington, D.C. The event will celebrate the achievements of 27 top lending partners across the nation across 11 different categories, with Click n' Close receiving accolades for its significant contributions to homeownership.

About Click n' Close, Inc.

Click n' Close, Inc. is a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels and is also the nation's leading provider of Section 184 home loans for Native Americans. In operation since 1940, Click n' Close has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings and eNotes.

Combining this culture of innovation with a risk management mindset enables Click n' Close to deliver new products to market that address the challenges facing both borrowers and third-party originators (TPOs). These innovations include its USDA one-time close construction loans, proprietary down payment assistance (DPA) program and reverse mortgage division. Its direct relationships with Fannie Mae, Freddie Mac, Ginnie Mae and private investors afford Click n' Close direct access to the capital markets, thus ensuring maximum liquidity for its product innovations. By servicing its loan programs in-house, Click n' Close provides its wholesale and correspondent partners with an additional level of certainty regarding loan salability and superior borrower service over the life of the loan.

Learn more at https://www.clicknclose.com/.

Click n' Close, a multi-state mortgage lender, today announced that it will be honored with a top lender award at the United States Department of Agriculture's Single Family Housing Guaranteed Loan Program ceremony. This recognition underscores Click n' Close's commitment to fostering homeownership and supporting community development through innovative loan programs.

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

Click n’ Close Expands DPA Mortgage Product Suite to Include Option for Shared Appreciation

ADDISON, Texas /ScoopCloud/ -- Click n' Close, a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels, announced it has expanded its suite of down payment assistance (DPA) loan products to include a shared appreciation option to help address the affordability challenges facing homebuyers.

"It's no secret that the combination of rising interest rates, limited inventory and growing property appreciation have made it more difficult for potential homebuyers to purchase in today's market. While existing homeowners have benefitted tremendously from skyrocketing home equity, that same trend has put buyers at a tremendous disadvantage," said Click n' Close Owner and CEO Jeff Bode. "By combining our proprietary DPA programs with a shared appreciation option, we're not only helping buyers get into a home more easily but also reap the benefit of homeownership from day one."

Click n' Close's DPA with Shared Appreciation program offers a below-market interest rate for first-lien FHA and USDA loans and a repayable DPA second lien in exchange for up to 40% the home's appreciation during the first five years. After the five-year accumulation period, the shared appreciation amount is added to the second lien and amortized over the remaining term. Program rates start at 4.75% for a 5-1 adjustable rate mortgage (ARM).

DPA with Share Appreciation is available through Click n' Close's retail and wholesale divisions. To learn more and check availability in your market, reach out to Devin Dubuc for retail and Soliman Martinez, Adam Rieke or Kerry Webb for wholesale.

About Click' n' Close, Inc.

Click 'n' Close, Inc., formerly known as Mid America Mortgage, is a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels and is also the nation's leading provider of Section 184 home loans for Native Americans. In operation since 1940, Click' n' Close has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings and eNotes.

Combining this culture of innovation with a risk management mindset enables Click' n' Close to deliver new products to market that address the challenges facing both borrowers and third-party originators (TPOs). These innovations include its USDA one-time close construction loans, proprietary down payment assistance (DPA) program and reverse mortgage division. Its direct relationships with Fannie Mae, Freddie Mac, Ginnie Mae and private investors afford Click' n' Close direct access to the capital markets, thus ensuring maximum liquidity for its product innovations. By servicing its loan programs in-house, Click' n' Close provides its wholesale and correspondent partners with an additional level of certainty regarding loan salability and superior borrower service over the life of the loan.

Learn more at https://www.clicknclose.com/.

Click n' Close, a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels, announced it has expanded its suite of down payment assistance (DPA) loan products to include a shared appreciation option to help address the affordability challenges facing homebuyers.

Related link: https://www.clicknclose.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/

FormFree welcomes MX Founder and Executive Chair Ryan Caldwell to its board of directors

ATHENS, Ga. /ScoopCloud/ -- FormFree® today announced the appointment of MX Technologies, Inc. (MX) Founder and Executive Chair Ryan Caldwell to its board of directors. Caldwell brings more than 20 years of experience in financial services and fintech, helping organizations around the world harness the power of financial data to improve business and consumer outcomes.

"Few people bring the passion and vision to a challenge like Ryan Caldwell. He is a strong advocate for creating an open finance ecosystem that offers improved financial outcomes for consumers and the businesses that serve them, which aligns with our own philosophy," said FormFree founder and CEO Brent Chandler. "We're honored to have Ryan join our board of directors as we decentralize consumer financial data and democratize access to credit."

Caldwell founded MX as a mission-driven organization focused on empowering the world to be financially strong. Prior to founding MX, Caldwell built and successfully exited multiple technology startups and performed consulting work in the United States, Singapore and London for large corporations, including Visa and Microsoft.

"I am excited to continue my work with FormFree, now as a board member," said Ryan Caldwell, founder and executive chair, MX. "We share a vision to improve consumer and business outcomes by helping businesses to reliably connect and verify financial data, gain customer intelligence and deliver personalized money experiences to improve customer engagement and retention."

Caldwell and Chandler share parallel philosophies ranging from a conviction to help empower financial strength and freedom to honoring and protecting our service members and precious freedoms. Caldwell completed the majority of undergraduate hours at the United States Air Force Academy and transferred to the Marriot School of Management at BYU to finish his degree in Business Management with an emphasis in Information Systems.

About FormFree®:

FormFree empowers consumers to understand their ability to pay and share it with lenders like never before. Using FormFree's Passport® app, consumers can verify all the core financial data required by loan underwriters - including identity, assets, income, employment credit history and cash-flow data - in seconds. Once consumers are ready to transact, they can anonymously share their verified data on the FormFree Exchange (FFX) and receive immediate offers from a marketplace of lenders who fully understand their ability to pay, residual income and eligibility for down payment assistance and inclusive lending programs.

For more information, visit https://www.formfree.com/ or follow FormFree on LinkedIn.

X/Twitter: @RealFormFree #mortgage #mortgageindustry #fintech #digitalmortgage @mX

FormFree® today announced the appointment of MX Technologies, Inc. (MX) Founder and Executive Chair Ryan Caldwell to its board of directors. Caldwell brings more than 20 years of experience in financial services and fintech, helping organizations around the world harness the power of financial data to improve business and consumer outcomes.

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