{"id":80930,"date":"2022-04-19T07:00:40","date_gmt":"2022-04-19T11:00:40","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=80930"},"modified":"2022-04-18T16:50:06","modified_gmt":"2022-04-18T20:50:06","slug":"down-payment-resource-releases-q1-2022-homeownership-program-index","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/down-payment-resource-releases-q1-2022-homeownership-program-index\/","title":{"rendered":"Down Payment Resource releases Q1 2022 Homeownership Program Index"},"content":{"rendered":"<p>ATLANTA, Ga., April 19, 2022 (SEND2PRESS NEWSWIRE) &#8212; Down Payment Resource (DPR), the nationwide database for U.S. homebuyer assistance programs, today announced the release of its latest Homeownership Program Index (HPI). The firm\u2019s analysis of 2,238 homebuyer assistance programs in its DOWN PAYMENT RESOURCE\u00ae database revealed that the net number of homebuyer assistance programs increased by 46 from Q4 2021 to Q1 2022.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.send2press.com\/wire\/images\/22-0419-s2p-DPRInfographicQ12022-696x2320.jpg\" alt=\"Down Payment Resource Q1 Infographic\" width=\"696\" height=\"2320\" class=\"alignnone size-full wp-image-80928\" srcset=\"https:\/\/www.send2press.com\/wire\/images\/22-0419-s2p-DPRInfographicQ12022-696x2320.jpg 696w, https:\/\/www.send2press.com\/wire\/images\/22-0419-s2p-DPRInfographicQ12022-696x2320-461x1536.jpg 461w, https:\/\/www.send2press.com\/wire\/images\/22-0419-s2p-DPRInfographicQ12022-696x2320-614x2048.jpg 614w\" sizes=\"auto, (max-width: 696px) 100vw, 696px\" \/><em><\/em><\/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 1,200 program administrators 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 and affordable first mortgages, in the DOWN PAYMENT RESOURCE\u00ae database.<\/p>\n<p><strong>Key Findings<\/strong><\/p>\n<p>The Q1 2022 HPI examined a total of 2,238 homebuyer assistance programs that were active as of April 6, 2022. Key findings are as follows.<\/p>\n<ul>\n<li><strong>Marked increase in number of programs introduced. <\/strong>Programs introduced in Q1 2022 include two first mortgage programs, two combined funding programs, 10 grants and 32 second mortgage programs. This marks a 2.1% increase in the number of homebuyer programs available compared to Q4 2021.<\/li>\n<li><strong>Largest gains in nonprofit programs. <\/strong>There was a 5.7% increase in nonprofit-sponsored programs introduced in Q1 2022. Additionally, there was a 2.3% increase in programs supporting home purchases in defined locales and a 1.3% increase in statewide programs.<\/li>\n<li><strong>Support for manufactured housing continues to increase<\/strong>. 31 additional homebuyer programs opened eligibility to manufactured housing in Q4 2021. Now 28.8% of all homebuyer assistance programs support the purchase of manufactured homes.<\/li>\n<li><strong>More than one third of programs do not have a first-time home buyer requirement. <\/strong>It is a common misconception that homebuyer assistance is only available to first-time homebuyers, however 38% of homebuyer assistance programs in Q1 2022 did not have a first time homebuyer requirement.<\/li>\n<\/ul>\n<p>\u201cBoth the number of homebuyer assistance programs and the volume of available funding increased in Q1 2022, a trend we have observed for several consecutive quarters,\u201d said DPR CEO Rob Chrane. \u201cWith affordability on the decline in 79% of U.S. counties and the availability of homebuying assistance on the rise, homebuyers need real estate agents and mortgage lenders to connect them with programs that make homeownership more affordable.\u201d<\/p>\n<p>Further analysis of the Q1 2022 HPI findings, including infographics and examples of many of the programs described in this release, can be found on DPR\u2019s website at <a href=\"https:\/\/downpaymentresource.com\/professional-resource\/more-homebuyer-assistance-programs-introduced-as-affordability-declines-in-most-u-s-counties\/\">https:\/\/downpaymentresource.com\/professional-resource\/more-homebuyer-assistance-programs-introduced-as-affordability-declines-in-most-u-s-counties\/<\/a>.<\/p>\n<p>For a complete, state-by-state list of homebuyer assistance programs, visit <a href=\"https:\/\/downpaymentresource.com\/wp-content\/uploads\/2022\/04\/HPI-state-by-state-data.Q12022.pdf\">https:\/\/downpaymentresource.com\/wp-content\/uploads\/2022\/04\/HPI-state-by-state-data.Q12022.pdf<\/a>.<\/p>\n<p><strong>About Down Payment Resource:<\/strong><\/p>\n<p>Down Payment Resource (DPR) is a nationwide database of down payment assistance and affordable lending programs. The company tracks funding status, eligibility rules, benefits and more for approximately 2,200 programs in 11 categories. Its award winning technology helps the housing industry connect more homebuyers to the down payment help they need. DPR has been recognized by Inman News as \u201cMost Innovative New Technology\u201d and the HousingWire Tech100&#x2122;. DPR is licensed to Multiple Listing Services, Realtor Associations, lenders and housing counselors across the country. DPR\u2019s subscription based service, Down Payment Connect, helps agents and loan officers match buyers to available programs. For more information, please visit DownPaymentResource.com and on Twitter at @DwnPmtResource .<\/p>\n<p><strong>Twitter:<\/strong> @DwnPmtResource #homebuyers #mortgageindustry<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ATLANTA, Ga., April 19, 2022 (SEND2PRESS NEWSWIRE) &#8212; Down Payment Resource (DPR), the nationwide database for U.S. homebuyer assistance programs, today announced the release of its latest Homeownership Program Index (HPI). The firm&#8217;s analysis of 2,238 homebuyer assistance programs in its DOWN PAYMENT RESOURCE&#xae; database revealed that the net number of homebuyer assistance programs increased by 46 from Q4 2021 to Q1 2022.<\/p>\n","protected":false},"author":9225,"featured_media":80929,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[39,12804,124,1,38,123,264],"tags":[205,17587,17588,6823],"class_list":["post-80930","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-research-reports-news","tag-depthpr","tag-homebuyer-assistance-programs","tag-homeownership-program-index","tag-infographic","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":4008,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/80930","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=80930"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/80930\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media\/80929"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=80930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=80930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=80930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}