[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f3jkhxyh4ltuxa":3,"$ffeh0925h8cuz":42,"$fbwk2pqjjqsc7":46},{"item":4,"previous":30,"next":36},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":28,"updatedAt":29},1741,"how-down-payment-assistance-opens-the-door-to-homeownership","How Down Payment Assistance Opens the Door to Homeownership","Many people are eager to buy a home right now while \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2020\u002F09\u002F22\u002Fthe-cost-of-a-home-is-far-more-important-than-the-price\u002F\">affordability\u003C\u002Fa> continues to be a highlight of the current housing market. However, a recent \u003Ca href=\"https:\u002F\u002Fabout.bankofamerica.com\u002Fassets\u002Fpdf\u002FBofA_Consumer_Lending_Homebuyer_Insights_083020_R10-WW.pdf\">survey\u003C\u002Fa> by \u003Cem>Sparks Research \u003C\u002Fem>shows that 20% of first-time homebuyers cite a lack of financial education as a barrier to homeownership. This is definitely understandable. If you don’t feel comfortable with the financial process of buying a home, it’s hard to make a confident decision. In fact, four in five homebuyers say they need help to understand what they can even afford in the first place. This is why finding the right professionals to help you through the process is so important.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F10\u002F26122554\u002F20201027-KCM-Share.jpg","Many people are eager to buy a home right now while \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2020\u002F09\u002F22\u002Fthe-cost-of-a-home-is-far-more-important-than-the-price\u002F\">affordability\u003C\u002Fa> continues to be a highlight of the current housing market. However, a recent \u003Ca href=\"https:\u002F\u002Fabout.bankofamerica.com\u002Fassets\u002Fpdf\u002FBofA_Consumer_Lending_Homebuyer_Insights_083020_R10-WW.pdf\">survey\u003C\u002Fa> by \u003Cem>Sparks Research \u003C\u002Fem>shows that 20% of first-time homebuyers cite a lack of financial education as a barrier to homeownership. This is definitely understandable. If you don’t feel comfortable with the financial process of buying a home, it’s hard to make a confident decision. In fact, four in five homebuyers say they need help to understand what they can even afford in the first place. This is why finding the right professionals to help you through the process is so important.\u003C!--more-->\r\n\r\nOn top of that, the same survey reports over two-thirds of prospective homebuyers believe they’ll need assistance to save enough for a \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2020\u002F10\u002F13\u002Fdo-you-have-enough-money-saved-for-a-down-payment\u002F\">down payment\u003C\u002Fa>. What they may not realize is that there are a lot of down payment assistance programs at the state and regional levels, and many of them have funds available for potential buyers. \u003Cem>Down Payment Resources\u003C\u002Fem> recently released its \u003Ca href=\"https:\u002F\u002Fdownpaymentresource.com\u002Fwp-content\u002Fuploads\u002F2020\u002F09\u002FHPI-Q3-2020-press-release.docx.pdf\">\u003Cem>Q3 2020 Homeownership Program Index\u003C\u002Fem>\u003C\u002Fa>, which explains:\r\n\u003Cblockquote>\u003Cem>“The number of total programs is 2,340, and \u003Cstrong>over 81 percent (81.1%) of programs currently have funds available\u003C\u002Fstrong> for eligible homebuyers.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch4>\u003Cstrong>Down Payment Assistance Programs Are Not Only for First-Time Homebuyers\u003C\u002Fstrong>\u003C\u002Fh4>\r\nKeep in mind, these programs aren’t just for first-time homebuyers, so it’s worth exploring your options no matter where you are in your homeownership journey. For example, if you’re \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2020\u002F08\u002F06\u002Fhow-is-remote-work-changing-homebuyer-needs\u002F\">working from home\u003C\u002Fa> now, you may be thinking of relocating to a more affordable area where you can stretch your dollar further and have more space, inside and out. Lawrence Yun, \u003Cem>Chief Economist\u003C\u002Fem> for the \u003Cem>National Association of Realtors\u003C\u002Fem> (NAR), \u003Ca href=\"https:\u002F\u002Fmagazine.realtor\u002Fdaily-news\u002F2020\u002F10\u002F13\u002Fthreats-to-first-time-home-buyers-path-to-ownership\">explains\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“Rural areas have mortgages (USDA loans) that don’t require down payments; and some workers who can work from home may want to consider outer suburbs or small towns where USDA home loans are available and where homes are very affordable.” \u003C\u002Fem>\u003C\u002Fblockquote>\r\nIf affordability is on your mind and you’re expecting to be working from home long-term, the right home may be in an area you haven’t considered yet. In addition, the assistance program you need might be within reach too.\r\n\r\nIf you’re interested in learning more about down payment assistance programs, additional information is available through \u003Ca href=\"https:\u002F\u002Fdownpaymentresource.com\u002Fare-you-eligible\u002F\">\u003Cem>Down Payment Resource\u003C\u002Fem>\u003C\u002Fa>. Your real estate advisor can help you decide which option is best for you personally.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nThanks to a range of down payment assistance programs, affordable options are out there for today’s hopeful homebuyers. It’s important to get the financial education you need to understand the homebuying process and accomplish your real estate goals. Let’s connect today to get you started on the path to your dream home.","\r\nThanks to a range of down payment assistance programs, affordable options are out there for today’s hopeful homebuyers. It’s important to get the financial education you need to understand the homebuying process and accomplish your real estate goals. Let’s connect today to get you started on the path to your dream home.",false,[16,20,24],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},11,"First-Time Buyers","first-time-buyers",{"id":25,"name":26,"slug":27},38,"Move-Up","move-up","2020-10-27T10:00:11Z","2020-12-03T19:16:24Z",{"id":31,"slug":32,"title":33,"featuredImage":34,"publishedAt":35,"contentType":10,"isVideo":14},1740,"two-important-impacts-of-home-equity","Two Important Impacts of Home Equity","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F10\u002F22170852\u002F20201026-KCM-Share.jpg","2020-10-26T10:00:12Z",{"id":37,"slug":38,"title":39,"featuredImage":40,"publishedAt":41,"contentType":10,"isVideo":14},1742,"buyer-interest-is-growing-among-younger-generations","Buyer Interest Is Growing among Younger Generations","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F10\u002F27161955\u002F20201028-KCM-Share.jpg","2020-10-28T10:00:32Z",{"cover":43,"open":44,"shareSpread":45},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[47,51,52,56,60,64,68,69,73,77,78,82,86,90,94,98,102,106,110,114,118,122,126,130,134,138,142,146,150,154],{"id":48,"name":49,"slug":50},1,"Uncategorized","uncategorized",{"id":17,"name":18,"slug":19},{"id":53,"name":54,"slug":55},6,"For Sellers","sellers",{"id":57,"name":58,"slug":59},7,"Foreclosures","foreclosures",{"id":61,"name":62,"slug":63},8,"Infographics","infographics",{"id":65,"name":66,"slug":67},9,"Home Prices","home-prices",{"id":21,"name":22,"slug":23},{"id":70,"name":71,"slug":72},34,"Senior Market","senior-market",{"id":74,"name":75,"slug":76},35,"Mortgage Rates","mortgage-rates",{"id":25,"name":26,"slug":27},{"id":79,"name":80,"slug":81},41,"For Sale by Owner","for-sale-by-owner",{"id":83,"name":84,"slug":85},42,"Featured","featured",{"id":87,"name":88,"slug":89},45,"New Construction","new-construction",{"id":91,"name":92,"slug":93},52,"Luxury \u002F Vacation","luxury--vacation",{"id":95,"name":96,"slug":97},53,"Rent vs. Buy","rent-vs-buy",{"id":99,"name":100,"slug":101},80,"Time-sensitive","time-sensitive",{"id":103,"name":104,"slug":105},81,"Outdated","outdated",{"id":107,"name":108,"slug":109},147,"Internal","internal",{"id":111,"name":112,"slug":113},148,"Do Not Autopost","do-not-autopost",{"id":115,"name":116,"slug":117},320,"Inventory","inventory",{"id":119,"name":120,"slug":121},321,"Agent Value","agent-value",{"id":123,"name":124,"slug":125},322,"Affordability","affordability",{"id":127,"name":128,"slug":129},323,"Buying Tips","buying-tips",{"id":131,"name":132,"slug":133},324,"Downsize","downsize",{"id":135,"name":136,"slug":137},325,"Economy","economy",{"id":139,"name":140,"slug":141},326,"Equity","equity",{"id":143,"name":144,"slug":145},327,"Forecasts","forecasts",{"id":147,"name":148,"slug":149},328,"Selling Tips","selling-tips",{"id":151,"name":152,"slug":153},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":155,"name":156,"slug":157},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]