Blog

A hard to find 8.7 acres with 410' of frontage on beautiful Sylvan Lake. With just under 3,500 finished square feet this recently updated home features five bedrooms, three bathrooms, an attached two car finished/ heated/insulated garage that has full upstairs for storage,…

How Does A Home Inspection Work?A home inspection is part of many real estate transactions. Here’s how it works.1. The inspector walks through the house to assess its condition and look for major problems.2. The buyer and buyer’s agent are usually there for the…

Most buyers don’t know to look for down payment assistance that could help them save on their down payment, closing costs or provide tax savings. There are programs in every market designed to help otherwise qualified buyers overcome the down payment hurdle.It’s also…

“The cost of new construction and the buyer’s moving timeline are some of the factors to consider, but also the area [and] location that they are looking to move into, told Bankrate.com. “In some cases, there is better value in a new home for the purchaser versus…

I actually expect that MAR and SPAAR come up with a different system that they will offer to us that we can use instead of ShowingTime.

Minnesota Realtors LogoDecember Housing ReportDecember Housing ReportHome sales in Minnesota continued to outpace normal trends through the end of 2020. Closed sales in December rose +21.9% versus December 2019 with a total of 7,300 transactions across the state. Home sales…

This year has been a lesson in the importance of community.Whether it’s shopping for an elderly neighbor, supporting a small business, or creating a local food drive, communities come together to support their neighbors in times of need. This is why our team recently…

Participating lenders, are you wondering if DPAs are still viable, or can be made so? Are you looking for affordability solutions?We keep hearing “local DPAs are going away” and “there’s no money from cities and counties anymore.” Our…

Congressman Sean Maloney (D-NY) recently introduced legislation to

allow first-time buyers to withdraw up to $25,000 from retirement

savings accounts tax-free if used for a down payment. 

At Down Payment Resource we are committed to providing you with the most updated and accurate information on down payment assistance programs. Our most recent Down Payment Report includes important information regarding how the pandemic is affecting the industry and the…

COVID-19 DPA Program Updates and TrendsOctober 2, 2020 The Down Payment Resource research team is closely monitoring the impact on down payment assistance (DPA) programs and first-time homebuyers as a result of COVID-19. We are committed to keeping you informed about…

When you were growing up, there were probably certain milestones that you imagined you would reach in your adult life that would be momentous and important. Falling in love and getting married are on that list of milestones for most people, as is the dream of one day owning…