{"id":2468,"date":"2022-03-02T12:16:35","date_gmt":"2022-03-02T12:16:35","guid":{"rendered":"https:\/\/phphouses.com\/blog\/?p=2468"},"modified":"2022-03-02T12:16:35","modified_gmt":"2022-03-02T12:16:35","slug":"payment-assistance-programs-can-help-achieve-homeownership","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/payment-assistance-programs-can-help-achieve-homeownership\/","title":{"rendered":"Down Payment Assistance Programs Can Help You Achieve Homeownership"},"content":{"rendered":"
\"\"

Down Payment Assistance Programs Can Help You Achieve Homeownership<\/p><\/div>\n

For many homebuyers, the thought of saving for a down payment can feel daunting, especially in today\u2019s market. That\u2019s why, when asked what they find most difficult in the homebuying process, some buyers say it\u2019s one of the hardest steps on the path to homeownership. Data from the National Association of Realtors<\/em><\/a> (NAR) shows:<\/p>\n

\u201cFor first-time home buyers, 29 percent said saving for a downpayment <\/strong>[sic] was the most difficult step in the process.<\/strong>\u201d<\/em><\/p><\/blockquote>\n

If you\u2019re finding that your down payment is your biggest hurdle, the good news is there are many down payment assistance programs available that can help you achieve your goals. <\/strong>The key is understanding where to look and learning what options are available. Here\u2019s some information that can help.<\/p>\n

First-Time and Repeat Buyers Are Often Eligible<\/strong><\/h4>\n

According to downpaymentresource.com<\/em><\/a>, <\/em>there are thousands of financial assistance programs available for homebuyers, like affordable mortgage options for first-time buyers<\/a>. But, of the many programs that are available, down payment assistance options make up the large majority. They say 73% of the assistance available to homebuyers is there to help you with your down payment.<\/p>\n

And it\u2019s not just first-time homebuyers that are eligible for these programs. Downpaymentresource.com <\/em>notes:<\/p>\n

\u201cYou don\u2019t have to be a first-time buyer. Over 38% of all programs are for repeat homebuyers who have owned a home in the last 3 years.\u201d<\/strong><\/em><\/p><\/blockquote>\n

That means no matter where you are in your homeownership<\/a> journey, there could be an option available for you.<\/p>\n

There Are Local Programs and Specialized Programs for Public Servants<\/strong><\/h4>\n

There are also multiple down payment assistance resources designed to help those who serve our communities. Teacher Next Door<\/em><\/a> is one of those programs:<\/p>\n

\u201cThe Teacher Next Door Program was designed to increase home ownership among teachers and other public servants, support community development and increase access to affordable housing free from discrimination.\u201d<\/em><\/p><\/blockquote>\n

Teacher Next Door<\/em><\/a> is just one program that seeks to help teachers, first responders, health providers, government employees, active-duty military<\/a> personnel, and veterans reach their down payment goals.<\/p>\n

And, most importantly, even if you don\u2019t qualify for these types of specialized programs, there are many federal, state, and local programs available for you to explore. And the best way to do that is to connect with a local real estate professional to learn more about what\u2019s available in your area.<\/p>\n

Bottom Line<\/strong><\/h3>\n

If saving for a down payment seems daunting, there are programs available that can help. And if you work to serve our community, there may be even more opportunities available to you. To learn more about your options, let\u2019s connect so you can start your homebuying journey today.<\/p>\n

Contact us:<\/strong>
\nPHP Houses
\n142 W Lakeview Ave
\nUnit 1030
\nLake Mary, FL 32746
\nPh:\u00a0(407) 519-0719<\/span>
\nFax:\u00a0(407) 205-1951<\/span>
\nemail:\u00a0info@phphouses.com<\/p>\n

Let\u2019s Connect:<\/strong>
\nFacebook<\/a>
\nLinkedin<\/a>
\nTwitter<\/a>
\nInstagram<\/a><\/p>\n

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. The author does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. The author will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.<\/em><\/h5>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

If you\u2019re finding that your down payment is your biggest hurdle, the good news is there are many down payment assistance programs available that can help you achieve your goals. Finish Reading Down Payment Assistance Programs Can Help You Achieve Homeownership<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[36],"tags":[38,43,268,269,18,27,91,86,52,49,42,23,40,55,345,63,20,48,47,19,17],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/2468"}],"collection":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/comments?post=2468"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/2468\/revisions"}],"predecessor-version":[{"id":2470,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/2468\/revisions\/2470"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=2468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=2468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=2468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}