Did You Know? There are 2000+ DownPayment Assistance Programs
While 2,193 programs have income limits, 222 do not, a 27% increase from a year ago.
- Sandy Flores, Broker/Realtor
- July 30, 2024
Buying a home brings freedom, but can be stressful without proper preparation. Get advice for your next purchase in this article.
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The number of programs offered in Q2 2024 increased by 42 over the previous quarter, raising the total number of programs to 2,415.
Breakdown of all programs:
Of the 2,415 homebuyer assistance programs:
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- 82% of programs are currently funded.
- 9% of programs are currently inactive.
- 4% of programs have a waitlist for funding.
- 5% of programs are temporarily suspended.
- 73% of programs in the database are for down payment or closing cost assistance.
- 9% of programs are first mortgages.
- 4% of programs are MCCs.
- 14% are other program types.
- 60% of programs are for first-time buyers, while 40% allow repeat buyers.
Source: Down Payment Resource. Second Quarter 2024.
Should you have any questions, or comments please send us an email at sandyfloresbroker@gmail.com, or call us at (714) 493-2625 – (714) 493-2657.
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Sandra M. Flores CA. DRE Lic. # 01122114 - NMLS Lic. #324482
Broker Officer at J.C. & S.M. INC. DBA. Real Estate On Demand & Home Loans On Demand Licensed by the California Department of Real Estate Lic. # 01520569 NMLS # 235895
Broker Officer at J.C. & S.M. INC. DBA. Real Estate On Demand & Home Loans On Demand Licensed by the California Department of Real Estate Lic. # 01520569 NMLS # 235895
