70% of Adults are Unaware of Down Payment Programs

According to the Second Annual America at Home Survey commissioned by NeighborWorks America, seventy percent of adults are unaware that down payment assistance programs are available to homebuyers in their community, According to the second annual America at Home survey commissioned by NeighborWorks America.

This is why Mountain West Financial would like to become your Affordable Housing Specialist with over 100 down payment programs as your largest selection of down payment assistance programs to help you fulfill your dreams of homeownership!

From an Inman News story about survey:

There are two common misconceptions about down payment assistance: that only poor people can qualify for it, and that it isn’t available to first-time homebuyers, said Douglas Robinson, a spokesman for the nonprofit [NeighborWorks America], which promotes affordable housing and community development.

“That is not the case,” he said, and why it’s a no-brainer for real estate agents to familiarize themselves with local options.

One tool for digging up information on down payment assistance programs is Down Payment Resource, which maintains a database of more than 2,100 programs that it makes available to buyers and sellers through its own public-facing website, DownPaymentResource.com, and to partners including Realtor associations, multiple listing services and lenders.

Run a search of your own and find our house easy it is for you to own a home at www.mwfinc.com/dpr.


* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.