Millennials underestimate the cost of a down payment

More millennials have been motivated by the COVID-19 pandemic to think about buying a home, but do they have enough money saved to go ahead and buy one? That was one of the questions posed by Point2Homes in a recent survey, which found that 74% of millennials, aged 25 to 40, say they’re interested in

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Study: Down payment assistance doesn’t mean a higher chance of defaulting

Common wisdom has it that home buyers who rely on down payment assistance are more likely to default on their mortgage repayments, but a new study has debunked that theory. The study, by the Center for Household Financial Stability at the Federal Reserve Bank of St. Louis, found that buyers who receive financial assistance with

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Best Down Payment Assistance Programs for First Time Buyers

There’s really no doubt that the biggest obstacle to home ownership are the finances. For most, it’s saving the down payment. Especially if you haven’t owned a home before with equity to transfer as the down payment when you up grade or move to another location (but that’s not a first time buyer). The Millennial

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Down Payment Resource Named 2017 HousingWire Tech100™ Winner

Atlanta-based Down Payment Resource, the nationwide databank for homebuyer programs, was named one of 2017’s most innovative technology companies by HousingWire TECH100™.

First-Time Buyers Have More Down Payment Options

About 60 percent of first-time home buyers make a down payment of 6 percent or less for a home, according to the March Realtors Confidence Index.

Five Essential Tools for First Time Homebuyers

Buying a home for the first time will likely be one of the most exciting endeavours you’ll experience in your adult life. After years of working hard and building your savings account, it’s finally time to invest in a home or condo you can call your own. Let’s take a look at some of the best tools to help you with one of the biggest decisions of your life

Atlanta Development Authority Announces $50,000 Down Payment Assistance

The Atlanta Development Authority has announced that they have new mortgage funding available beginning September 1st of 2011, until April 15th of 2012. Read the press release here. This new program is funded through the Federal New Issue Bond Program. It aims to make mortgage funding available to home buyers who meet specific qualifications. One

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