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Mortgage, US Real Estate

Here's where you can get help with your down payment

By Mike Wheatley | December 6, 2018
Surveys of first time buyers routinely show that saving for a down payment is one of the biggest hurdles on the way to homeownership. But those buyers may well misunderstand how much cash they actually need to save. “Paying 20 percent down is, quite frankly, a myth,” Karen Hoskins, vice president at NeighborWorks, told HouseLogic. […]
Featured News, Real Estate Technology, US Real Estate

Loftium will stump up your down payment, but only if you become an Airbnb host

By Mike Wheatley | September 20, 2017
That company is called Loftium, which says it will provide up to $50,000 in down payment money in return for homeowners renting out one of their rooms for between one and three years,
Mortgage, US Real Estate

The rise of equity-sharing, down payment assistance

By Mike Wheatley | May 31, 2017
A new trend is seeing finance companies help buyers with down payments on a home in exchange for future equity in their properties.
Residential, US Real Estate

States offer housing assistance to college graduates to entice them to stay put

By Mike Wheatley | May 10, 2017
Recent college graduates are being offered a helping hand towards homeownership in some states, which are prepared to grant them thousands of dollars towards buying a property
Featured News, Home Buying, Mortgage, US Real Estate

What your clients need to know about cash gifts for down payments

By Mike Wheatley | December 1, 2016
It’s fairly normal for first-time buyers to receive down payment assistance from family members or close friends, but not everyone realizes there are quite strict rules in place that need to be adhered to.
Home Buying, Mortgage, US Real Estate

Down payment assistance leads to big savings over a loan's lifetime

By Mike Wheatley | June 14, 2016
Home buyers can afford big savings over the lifespan of their home loan by taking advantage of down payment assistance programs, according to a new report jointly published by RealtyTrac and Down Payment Resource.
Mortgage, US Real Estate

Wells Fargo down payment assistance program helps 11,000 homeowners

By Mike Wheatley | March 2, 2016
NeighborWorks America has teamed up with Wells Fargo to offer residents of more than forty communities down payment grants via its newly created Neighborhood LIFT program.
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