Study: Down Payment Assistance Grows Homeownership

Down payment assistance programs are helping more consumers become homeowners, according to a new study. Researchers with CBC Mortgage Agency, a national housing finance group, found that more than nine out of 10 home buyers would not have been able to purchase a home without down payment help. Further, more than half of the 1,100 buyers surveyed that received assistance were racial or ethnic minorities. Also, more than a third say they are the first in their family to buy a home.
Continue… https://magazine.realtor/daily-news/2019/10/28/study-down-payment-assistance-grows-homeownership