""We're seeing expanded program offerings, new providers and greater flexibility in how funds are used not just for down payments but also to cover closing costs...""
""80% of DPAs in Q1 were deferred payment programs, a 3% increase from the previous quarter, allowing borrowers to manage affordability better.""
The Down Payment Resource's Q1 2025 Homeownership Program Index report indicates a significant increase in homebuyer assistance programs, reaching a total of 2,509, marking a 2% rise from Q4 2024. Key statistics show that 38% of these programs are accessible to repeat buyers, with a notable increase in offerings for first-generation homebuyers. The average down payment assistance is $18,000, and many programs now include financing for manufactured and multi-family homes. Approximately 80% of these assistances are deferred payment programs, allowing borrowers more financial flexibility.
Read at www.housingwire.com
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