Down Payment Resource in “Plain English”

Down Payment Resource has been integrated into NNRMLS Paragon data since June 2012. Are you taking advantage of this Member service? By using this web-based tool, REALTORS and consumers are finding down payment assistance program information for eligible for-sale properties. There are 18 programs operating in OUR AREA, with 6 agencies supporting these programs. And, 73.5% of ALL Northern Nevada listings are eligible for down payment assistance!

Tight credit, higher required down payments and increased FHA fees are huge challenges for today’s home buyers. New regulations have caused changes in home financing — FHA loans with 3.5% down payment now have rising premiums for the required mortgage insurance. Down Payment Resource can help close this gap for many consumers. See the infographic below for illustration:

DPR-Infographic-May2014

Help your clients discover what resources may be available. As you or your client search for listings, look for the Down Payment Resource “hand icon”. When you click on this icon, program and buyer eligibility criteria are easy to find.

We are hosting a fun “DPR Success Video Contest” this summer for the best video sharing how Down Payment Resource has helped you, your business and your clients. For more information on the DPR video contest, follow this link.

For examples of videos that you can produce and enter into our contest: See how other REALTORS and their clients have been helped by DPR; click here for video testimonials.

Did you know that DPR has an IDX feature that allows you to integrate Down Payment Resource into your IDX website so consumers can easy identify listings eligible for down payment assistance? Find out how to get DPR on your personal website.

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