Down payment assistance programs expanding, with average $17K benefit

As the year draws to a close, states across the country are ramping up efforts to assist first-time homebuyers with down payment assistance (DPA) programs. The latest Homeownership Program Index (HPI) report from Down Payment Resource reveals a growing trend of new DPA programs being introduced to facilitate home ownership for those entering the real estate market.

Key points from the report include:
– States are increasing the number of DPA programs available to first-time buyers
– Down Payment Resource serves as a valuable resource for connecting homebuyers with financial assistance programs
– The latest HPI report is based on data collected in the third quarter of 2024, highlighting the most up-to-date information on DPA programs

You can read this full article at: https://www.housingwire.com/articles/down-payment-resource-first-time-homebuyers-17k-average-benefit/(subscription required)

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