eHome America and Atlanta based Down Payment Resource recently announced an expanded partnership to help enhance awareness of online homebuyer education and the availability of programs for down payment and closing cost help, affordable mortgages and tax credits.
Homebuyers can now benefit from a redesigned online education platform, enabling them to directly explore available homeownership programs. eHome America’s non-profit counseling network has been using DPR’s search platform since 2014 to match clients to down payment help. Now homebuyers can visit a new program search page to find out more about down payment help and to get registered for its improved online course. The course enables consumers to search for and to explore all the details for programs that accept a certificate from eHome America to meet homebuyer’s education requirements.
The aim is to help increase awareness of down payment help and to educate more buyers, as well as getting more homeownership program providers on board with eHome’s online education platform. As more state and local Housing Finance Agencies begin to adopt and accept online education to meet their program requirements, more buyers will learn how homeownership is possible.
DPR attracts nearly 2500 homeownership programs that are administered by 1300 program providers. The average down payment benefit is in excess of $8000. The majority of programs require homebuyer education and more than half now accept online education.
Rob Chrane, CEO of Down Payment Resource said “Homebuyer education is critical to the development of successful homeowners. Today’s homebuyers begin online. We are pleased to work with eHome America to integrate down payment program search into homebuyer education so we can reach buyers where they are.”
Every month, eHome America educates nearly 8000 homebuyers through its convenient online platform, providing the personal touch of a trusted, local non-profit adviser. The platform is also available in Spanish and has helped more than 200,000 homebuyers gain education certificate since 2009.
Milt Sharp, president of the eHome Network said “We are seeing increasing adoption of online education by HFA’s and other lenders, as well as broader awareness of down payment assistance. Together with DPR, we are educating more than 250 homebuyers every day. It’s been exciting to see how together we can inform and motivate first time buyers while at the same time giving them the foundation for long-term success as homeowners.”
eHome America is an interactive web-based education programme for prospective homebuyers. It is linked to localnon-profit HUD approved housing counselling agencies and was developed in 2009 by Community Ventures Corporation.
Down Payment Resource tracks nearly 2500 homebuyer programs through its housing finance agency partners. It is licensed to Multiple Listing Services, Realtor Associations and lenders and housing counsellors across the country.