Down Payment Resource
The Market’s Challenge
Consumer surveys find that saving for a down payment is the number one barrier to homeownership. Even with lower home prices and more homes on the market, many would-be homebuyers remain on the fence. Many don't know that there is money available in down payment assistance programs throughout Northern Nevada. DPR is tracking and integrating numerous programs in our area, currently funded and available for use. Many of the Active Residential listings in our database may be eligible for one or more assistance program.
What Is Down Payment Resource?
Down Payment Resource is a web-based tool designed to simplify the process of finding homebuyer assistance programs and eligible for-sale homes. It is the industry’s first product to aggregate information on down payment assistance programs, affordable mortgages and rehab loans into one, online platform and integrate the details into Multiple Listing Service data for homes on the market. The tool helps bridge the down payment gap by connecting eligible homebuyers and eligible properties to available assistance funds. Down Payment Resource was named the 2011 Inman News Innovator "Most Innovative New Technology."
You’ve Come to the Right Place
Using today’s technology to increase the awareness and access of down payment assistance programs, Down Payment Resource helps everyone in the housing process. As you search for properties you will find a DPR icon displayed on any property listing that is eligible for one or more down payment assistance programs. From the "Property Details" view, one click on the icon takes you to specific details about the program and its criteria.