Homeownership Program Index Q1 2015 highlights

February 9, 2015

February 9, 2015

Down payment help widely available

  • The report expanded to include 2,290 programs, up nearly 100 programs from the September 2014 index.
  • Programs from over 1,200 separate housing agencies and program providers are included.
  • 18 programs are available nationwide.
  • 24 percent of programs are available state-wide, not specific to a county or neighborhood.
  • Approximately 91 percent (90.6%) of programs have funds available for homebuyers, down slightly from September (91.7%).
  • This quarter’s report saw an increase in Mortgage Credit Certificates (MCC) and Combined Assistance programs, which combine a first mortgage with down payment and closing cost funds.
  • Many of these programs can be layered with each other and can often be used with most loan products, including VA and FHA.
  • More than 14 percent of programs are special opportunities available exclusively for veterans, buyers with a disability and other professions or special circumstances.
  • The South leads the nation in the total number of available homebuyer programs, followed by the West.
  • The states with the greatest number of down payment programs are California, Florida, Texas, Maryland, New York, Georgia, Pennsylvania, Massachusetts, Illinois and Colorado.

Read the full index summary.

View HPI 1st Quarter 2015.State data.

Related: View joint analysis with RealtyTrac on the availability of down payment programs across the country.

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