{"id":125661,"date":"2025-04-22T07:00:06","date_gmt":"2025-04-22T11:00:06","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=125661"},"modified":"2025-04-21T18:54:34","modified_gmt":"2025-04-21T22:54:34","slug":"43-new-assistance-programs-were-added-during-the-first-quarter-of-2025-expanding-support-for-more-homebuyers","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/43-new-assistance-programs-were-added-during-the-first-quarter-of-2025-expanding-support-for-more-homebuyers\/","title":{"rendered":"43 new assistance programs were added during the first quarter of 2025, expanding support for more homebuyers"},"content":{"rendered":"<p>ATLANTA, Ga., April 22, 2025 (SEND2PRESS NEWSWIRE) &#8212; <a href=\"https:\/\/downpaymentresource.com\/\">Down Payment Resource (DPR)<\/a>, the housing industry authority on homebuyer assistance program data and solutions, today released its Q1 2025 Homeownership Program Index (HPI) report. The report saw the number of entities offering homebuyer assistance programs increase by 55 year-over-year (YoY). The number of programs increased by 43 during the first quarter, bringing the total number of available programs to 2,509.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.send2press.com\/wire\/images\/25-0422-s2p-dpre-25q1-800x600.jpg\" alt=\"Down Payment Resource\u2019s Q1 2025 HPI Report\" width=\"800\" height=\"600\" class=\"alignnone size-full wp-image-125650\" srcset=\"https:\/\/www.send2press.com\/wire\/images\/25-0422-s2p-dpre-25q1-800x600.jpg 800w, https:\/\/www.send2press.com\/wire\/images\/25-0422-s2p-dpre-25q1-800x600-400x300.jpg 400w, https:\/\/www.send2press.com\/wire\/images\/25-0422-s2p-dpre-25q1-800x600-200x150.jpg 200w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><br \/><em>Image caption: Down Payment Resource\u2019s Q1 2025 HPI Report.<\/em><\/p>\n<p>Down payment assistance (DPA) can be used by lenders to lower a homebuyer\u2019s loan-to-value (LTV) ratio by an average of 6%. The average benefit is $18,000.<\/p>\n<p>\u201cRates are still high and prices keep climbing, but we\u2019re seeing expanded program offerings, new providers and greater flexibility in how funds are used \u2014 not just for down payments but also to cover closing costs, lower the rate or meet other buyer needs,\u201d said Rob Chrane, founder and CEO of DPR. \u201cMore programs now include manufactured and multi-family homes, opening new paths to affordability and steady income. For lenders, that means more ways to qualify buyers and close loans in a tough market.\u201d<\/p>\n<p><strong>KEY Q1 2025 HPI REPORT FINDINGS<\/strong><\/p>\n<p>An examination of the existing 2,509 homebuyer assistance programs on April 4, 2025, resulted in the following key findings:<\/p>\n<ul>\n<li><strong>43 homebuyer assistance programs were added in Q1 2025,<\/strong> a 2% increase from Q4 2024. 952 programs (38%) are available to repeat buyers. 240 programs (10%) do not have income restrictions, increasing the number of buyers who might qualify for assistance. 29 programs support first-generation homebuyers, an increase of 16% over the last quarter.<\/li>\n<li><strong>\u201dOther homebuyer assistance\u201d programs increased 35% from the previous quarter, <\/strong>below-market-rate (BMR)\/resale-restricted programs increased 18% and grant programs grew 7%. BMR\/resale-restricted programs offer housing at prices lower than the open market, with restrictions on resale to ensure affordability for future buyers, typically low-to moderate-income households.<\/li>\n<li><strong>80% of DPAs in Q1 were deferred payment programs, a 3% increase from the previous quarter. <\/strong>With a deferred payment loan, borrowers don\u2019t make monthly payments, and the balance is typically due when they sell or refinance or the loan matures. Many of these loans are also forgivable. 53% of DPAs in Q1 offered partial or full forgiveness over time, as long as the homeowner meets certain requirements, such as maintaining primary residency.<\/li>\n<li><strong>990 programs (39%) were offered through local housing finance agencies (HFAs)<\/strong>, virtually unchanged from the previous quarter. Nonprofits accounted for 21%, a 2% increase over the previous quarter. State FHAs represented 18%, a slight drop from the previous quarter.<\/li>\n<li><strong>The number of programs supporting manufactured housing grew 6%, from 914 in Q4 2024 to 971 in Q1 2025. <\/strong>Manufactured homes are considered to be an affordable housing supply since they are significantly cheaper to purchase than site-built homes, with average costs per square foot around $87 versus $166 according to the Manufactured Housing Institute.<\/li>\n<li><strong>833 programs supported the purchase of multi-family housing, a 3% increase from the previous quarter. <\/strong>Of these, a growing number of programs support purchasing three-unit homes (562) and four-unit homes (536). Investing in multifamily properties can generate cash flow and potentially offer tax advantages to buyers.<\/li>\n<li><strong>20 programs offered special funding to surviving military spouses,<\/strong> an 18% increase from the previous quarter, while energy efficiency programs grew by 17%. Other incentive programs included 69 for educators, 56 for protectors (jobs focused on safeguarding people, property, or information), 50 to assist military veterans, and 50 for Native Americans.<\/li>\n<\/ul>\n<p>A more detailed analysis of the Q1 2025 HPI findings, including infographics and examples of the programs described in this release, can be found on DPR\u2019s website at <a href=\"https:\/\/downpaymentresource.com\/professional-resource\/weve-added-43-programs-in-q1-2025-and-55-providers-since-q1-2024\/\">https:\/\/downpaymentresource.com\/professional-resource\/weve-added-43-programs-in-q1-2025-and-55-providers-since-q1-2024\/<\/a>.<\/p>\n<p>For a complete list of homebuyer assistance programs by state, visit <a href=\"https:\/\/downpaymentresource.com\/wp-content\/uploads\/2025\/04\/HPI-state-by-state-data.Q12025.pdf\">https:\/\/downpaymentresource.com\/wp-content\/uploads\/2025\/04\/HPI-state-by-state-data.Q12025.pdf<\/a>.<\/p>\n<p><strong>METHODOLOGY<\/strong><\/p>\n<p>Published quarterly, DPR\u2019s HPI surveys the funding status, eligibility rules and benefits of U.S. homebuyer assistance programs administered by state and local housing finance agencies, municipalities, nonprofits and other housing organizations. DPR communicates with over 1,300 program providers throughout the year to track and update the country\u2019s wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates (MCCs) and affordable first mortgages, in the DOWN PAYMENT RESOURCE\u00ae database.<\/p>\n<p><strong>About Down Payment Resource:<\/strong><\/p>\n<p>Down Payment Resource (DPR) is the housing industry authority on homebuyer assistance program data and solutions. With a database that tracks more than 2,500 programs and toolsets for mortgage lenders, multiple listing services (MLSs) and API users, DPR helps housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by seven of the top 25 mortgage lenders, the three largest real estate listing websites and 600,000 real estate agents. For more information, visit <a href=\"https:\/\/downpaymentresource.com\/\">https:\/\/downpaymentresource.com\/<\/a>.<\/p>\n<p>X: @DwnPmtResource #downpaymentassistance #affordabilitycrisis #housingaffordability #mortgage #housingequity #downpayment<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ATLANTA, Ga., April 22, 2025 (SEND2PRESS NEWSWIRE) &#8212; Down Payment Resource (DPR), the housing industry authority on homebuyer assistance program data and solutions, today released its Q1 2025 Homeownership Program Index (HPI) report. The report saw the number of entities offering homebuyer assistance programs increase by 55 year-over-year (YoY). The number of programs increased by 43 during the first quarter, bringing the total number of available programs to 2,509.<\/p>\n","protected":false},"author":9225,"featured_media":125650,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[39,12804,124,1,38,123,216,264],"tags":[205,17587,19151],"class_list":["post-125661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgage-news","category-ap","category-atlanta-news","category-business-news","category-finance-news","category-georgia-news","category-real-estate-news","category-research-reports-news","tag-depthpr","tag-homebuyer-assistance-programs","tag-homeownership-program-index-report","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":5242,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/125661","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/users\/9225"}],"replies":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/comments?post=125661"}],"version-history":[{"count":4,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/125661\/revisions"}],"predecessor-version":[{"id":125666,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/125661\/revisions\/125666"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media\/125650"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=125661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=125661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=125661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}