July 21 2020
Economists agree that the real estate business has recovered faster than expected during the pandemic. A continued lack of inventory, low mortgage rates, and pent-up demand are all contributing factors to a robust market.
The good news for homebuyers is that down payment assistance is still available, with many program providers offering online and virtual support/education. With an average benefit of $13,000, these programs can help make the difference in achieving homeownership when competition is fierce.
In a recent appearance on the "Real Estate Coach Uncensored" show with Bernice Ross and Greg McDaniel, our very own Rob Chrane, CEO of Down Payment Resource, discussed the different types of down payment programs available and how they represent an opportunity for real estate agents and loan officers to expand their client portfolio.
Many prospective buyers are unaware of the scope of these resources or don't think they'll qualify. Our goal is to dispel several of the most common myths surrounding these programs:
As a continuation of our efforts to educate and inform, we celebrated Homeownership Month with our first ever homebuyer webinar. The overwhelming response proved that buyers are eager to learn more about homeownership and the role down payment assistance may play in that process.
Real estate agents and loan officers should consider hosting a home buyer seminar on down payment programs, include information about them on your website or blog, or cover the topic on social media. Down Payment Resource makes it easy to showcase these programs with a variety of tools and resources created specifically for loan officers and real estate agents.
To view the original article, visit the Down Payment Resource blog.