Find Help for Your Down Payment with Down Payment Resource

Find Help for Your Down Payment with Down Payment Resource

Here at Real Group, we’re all about putting you in the right home at the best price possible, while keep you and your finances in a comfortable place. 

With that in mind, there are all sorts of resources out there for homebuyers looking to get their finances together, whether you’re looking to find the right mortgage lender or minimize your out-of-pocket on your down payment.

One of the hidden gems creating opportunities for homebuyers is Down Payment Resource. Based out of Atlanta, Down Payment Resource works with Housing Finance Agencies (HFAs), MLSs, realtors, and lenders with the goal of tracking the local and national homebuyer programs that can help get your family into a home.

As DPR president Rob Chrane told Fox Business, “about 90% to 95% of buyers don’t realize they might be eligible for down payment assistance.” According to Chrane, there are over 2,000 homebuyer programs available through HFAs.

Whatever your unique circumstances, there may be a financial assistance program that’s suited for you. Many government and non-profit programs exist to help make homes more affordable for veterans, civil servants, people with disabilities, and low income families. And though some programs have a maximum home sale price, many are expanding their median income limits, expanding eligibility for people in middle income brackets.

Even if you feel confident in your home search, it’s worth talking to your real estate team and lender to see if there are any programs suited to you.

And, as part of the process, try taking a look at Down Payment Resource’s site to find out if you’re eligible for assistance. To get started, all you need to do is enter some basic information about the property (including the address, whether the home is single- or multi-family, and whether it’s in foreclosure) and answer a few basic questions about yourself, including income level and the number of people in your household.

There are no hurdles to jump through, and who knows? You may find a deal that helps put a prime Chicago listing within your reach.

Whether you’re looking to buy or sell, Real Group is here to help! We have the team and the experience needed to put you in your dream home at a dream price. Drop us a line today to get started!

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