Click the Down Payment Resource logo (above) to access their homepage.
Realcomp REALTORS® can now benefit from a simple, single source called Down Payment Resource to discover specific homeownership programs for which their homebuyers may be eligible. Down Payment Resource is now integrated into Realcomp’s MLS property listing data to inform MLS subscribers about a wide variety of programs that can help their prospective buyers save on down payments and closings costs.
Down Payment Resource, the nation’s only search engine for homebuyer programs, provides information about down payment assistance, grants, affordable first mortgages, tax credits and more during the home search process. The tool helps uncover options that may make buying a home more affordable.
Approximately 71 percent of Realcomp’s MLS residential listings may be eligible for one or more down payment assistance programs. Eligible listings in Realcomp are flagged with a Down Payment Resource icon.
When Realcomp REALTORS® search for homes on RCO3®, they can now find properties that qualify for one or more down payment assistance programs. Your buyers can then go one step further and answer a few simple questions to determine if they also meet the qualifications for the assistance program.
Saving money for a down payment has long been recognized as a major barrier to homeownership, especially for first-time buyers who don’t have equity from an existing home to buy a new one. In addition, the stringent lending environment and higher FHA lending costs prevent many qualified, would-be buyers from taking advantage of low interest rates.
About Down Payment Resource
Down Payment Resource (DPR) was developed by Atlanta-based Workforce Resource®, a web-based software company with a mission to connect people with hard-to-find financial resources. DPR helps potential homebuyers become qualified buyers by connecting them to down payment assistance funds they may not have otherwise known existed. DPR, winner of the 2011 Inman News Innovator “Most Innovative New Technology” award, is licensed to Multiple Listing Services, Realtor Associations, financial institutions and housing counselors across the country. For more information, please visit DownPaymentResource.com and on Twitter @dwnpmtresource.
Quick-Links for Down Payment Resource Help: