[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f30vcmxztcq6at":3,"$ffeh0925h8cuz":33,"$fbwk2pqjjqsc7":37},{"item":4,"previous":21,"next":27},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":9,"bodyImage":9,"isInfographic":13,"categories":14,"isVideo":13,"videoThumbnail":9,"videoSource":9,"publishedAt":19,"updatedAt":20},4143,"homeownership-could-be-in-reach-with-down-payment-assistance-programs","Homeownership Could Be in Reach with Down Payment Assistance Programs","A recent \u003Ca href=\"https:\u002F\u002Fwww.bankrate.com\u002Fmortgages\u002Fhomeownership-remains-centerpiece-of-american-dream\u002F\">survey\u003C\u002Fa> from \u003Cem>Bankrate\u003C\u002Fem> asks prospective buyers to identify the biggest obstacles in their homebuying journey. It found that 36% of those polled said saving for a down payment is one of their primary hurdles to buying a home.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F06\u002F28151739\u002F20220628-KCM-Share-1.jpg","A recent \u003Ca href=\"https:\u002F\u002Fwww.bankrate.com\u002Fmortgages\u002Fhomeownership-remains-centerpiece-of-american-dream\u002F\">survey\u003C\u002Fa> from \u003Cem>Bankrate\u003C\u002Fem> asks prospective buyers to identify the biggest obstacles in their homebuying journey. It found that 36% of those polled said saving for a down payment is one of their primary hurdles to buying a home.\u003C!--more-->\r\n\r\nIf you feel the same way, the good news is there are many down payment assistance programs available that can help you achieve your \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F06\u002F10\u002Fthe-top-reasons-to-own-your-home-infographic\u002F\">homeownership goals\u003C\u002Fa>. The key is understanding where to look and learning what options are available. Here’s some information that can help you.\r\n\u003Ch4>\u003Cstrong>You Can Qualify Even if You’ve Purchased a Home Before\u003C\u002Fstrong>\u003C\u002Fh4>\r\nThere are several misconceptions about down payment assistance programs. For starters, many people believe there’s only assistance available for \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F06\u002F08\u002Fwhat-are-the-best-options-for-todays-first-time-homebuyers\u002F\">first-time homebuyers\u003C\u002Fa>. While first-time buyers have many options to explore, repeat buyers have some, too. According to the latest \u003Ca href=\"https:\u002F\u002Fdownpaymentresource.com\u002Fprofessional-resource\u002Fmore-homebuyer-assistance-programs-introduced-as-affordability-declines-in-most-u-s-counties\u002F\">\u003Cem>Homeownership Program Index\u003C\u002Fem>\u003C\u002Fa> from \u003Cem>downpaymentresource.com\u003C\u002Fem>:\r\n\u003Cblockquote>\u003Cem>“It is a common misconception that homebuyer assistance is only available to first-time homebuyers, however, \u003Cstrong>38% of homebuyer assistance programs in Q1 2022 did not have a first-time homebuyer requirement.\u003C\u002Fstrong>”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nThat means repeat buyers could qualify for over one-third of the assistance programs available. And if you’re a repeat buyer, you may still be able to take advantage of some first-time homebuyer programs, depending on your personal situation. That’s because \u003Cem>downpaymentresource.com \u003C\u002Fem>also \u003Ca href=\"https:\u002F\u002Fdownpaymentresource.com\u002Fhomebuyer-resource\u002F4-common-down-payment-assistance-program-myths-debunked\u002F\">notes\u003C\u002Fa> many of the first-time homebuyer programs use the \u003Cem>U.S. Department of Housing and Urban Development's\u003C\u002Fem> definition of a first-time homebuyer. Under their \u003Ca href=\"https:\u002F\u002Farchives.hud.gov\u002Foffices\u002Fhsg\u002Fsfh\u002Fref\u002Fsfhp3-02.cfm\">definition\u003C\u002Fa>, you could qualify as a first-time buyer if you’re:\r\n\u003Cul>\r\n \t\u003Cli>Someone who hasn’t owned a primary residence in 3 years.\u003C\u002Fli>\r\n \t\u003Cli>A single parent who’s only ever owned a home with a former spouse.\u003C\u002Fli>\r\n\u003C\u002Ful>\r\n\u003Cstrong>That means no matter where you are in your \u003C\u002Fstrong>\u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F06\u002F02\u002Fhow-homeownership-impacts-you\u002F\">\u003Cstrong>homeownership\u003C\u002Fstrong>\u003C\u002Fa>\u003Cstrong> journey, there could be an option available for you.\u003C\u002Fstrong>\r\n\u003Ch4>\u003Cstrong>You May Be Eligible for Programs Based on Your Location or Profession\u003C\u002Fstrong>\u003C\u002Fh4>\r\nIn addition to broader options available for repeat and first-time homebuyers, there are other types of down payment assistance programs that you could qualify for based on your location. \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Ffirst-time-homebuyers\u002Ffirst-time-homebuyer-loans-grants\">According\u003C\u002Fa> to the \u003Cem>National Association of Realtors\u003C\u002Fem> (NAR):\r\n\u003Cblockquote>\u003Cem>“Many local governments and non-profit organizations offer down-payment assistance grants and loans, targeted to area borrowers and often with specific borrower requirements.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nPlus, there are programs and special benefits for individuals working in certain professions or with unique statuses, including teachers, doctors and nurses, and veterans.\r\n\r\nUltimately, that means there are many federal, state, and local programs available for you to explore. The best way to do that is to connect with a local real estate professional and your lender to learn more about what’s available in your area.\r\n\u003Ch4>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh4>\r\nDown payment assistance programs have helped many homebuyers achieve their dreams, and if you qualify, they could help you too. Let’s connect today so you can begin exploring your options.",false,[15],{"id":16,"name":17,"slug":18},5,"For Buyers","buyers","2022-06-29T10:00:59Z","2023-02-03T15:34:09Z",{"id":22,"slug":23,"title":24,"featuredImage":25,"publishedAt":26,"contentType":10,"isVideo":13},4142,"a-key-opportunity-for-homebuyers","A Key Opportunity for Homebuyers","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F06\u002F27143604\u002F20220628-KCM-Share.jpg","2022-06-28T10:00:39Z",{"id":28,"slug":29,"title":30,"featuredImage":31,"publishedAt":32,"contentType":10,"isVideo":13},4144,"if-youre-selling-your-house-this-summer-hiring-a-pro-is-critical","If You’re Selling Your House This Summer, Hiring a Pro Is Critical","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F06\u002F29161712\u002F20220630-KCM-Share.jpg","2022-06-30T10:00:31Z",{"cover":34,"open":35,"shareSpread":36},"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",[38,42,43,47,51,55,59,63,67,71,75,79,83,87,91,95,99,103,107,111,115,119,123,127,131,135,139,143,147,151],{"id":39,"name":40,"slug":41},1,"Uncategorized","uncategorized",{"id":16,"name":17,"slug":18},{"id":44,"name":45,"slug":46},6,"For Sellers","sellers",{"id":48,"name":49,"slug":50},7,"Foreclosures","foreclosures",{"id":52,"name":53,"slug":54},8,"Infographics","infographics",{"id":56,"name":57,"slug":58},9,"Home Prices","home-prices",{"id":60,"name":61,"slug":62},11,"First-Time Buyers","first-time-buyers",{"id":64,"name":65,"slug":66},34,"Senior Market","senior-market",{"id":68,"name":69,"slug":70},35,"Mortgage Rates","mortgage-rates",{"id":72,"name":73,"slug":74},38,"Move-Up","move-up",{"id":76,"name":77,"slug":78},41,"For Sale by Owner","for-sale-by-owner",{"id":80,"name":81,"slug":82},42,"Featured","featured",{"id":84,"name":85,"slug":86},45,"New Construction","new-construction",{"id":88,"name":89,"slug":90},52,"Luxury \u002F Vacation","luxury--vacation",{"id":92,"name":93,"slug":94},53,"Rent vs. Buy","rent-vs-buy",{"id":96,"name":97,"slug":98},80,"Time-sensitive","time-sensitive",{"id":100,"name":101,"slug":102},81,"Outdated","outdated",{"id":104,"name":105,"slug":106},147,"Internal","internal",{"id":108,"name":109,"slug":110},148,"Do Not Autopost","do-not-autopost",{"id":112,"name":113,"slug":114},320,"Inventory","inventory",{"id":116,"name":117,"slug":118},321,"Agent Value","agent-value",{"id":120,"name":121,"slug":122},322,"Affordability","affordability",{"id":124,"name":125,"slug":126},323,"Buying Tips","buying-tips",{"id":128,"name":129,"slug":130},324,"Downsize","downsize",{"id":132,"name":133,"slug":134},325,"Economy","economy",{"id":136,"name":137,"slug":138},326,"Equity","equity",{"id":140,"name":141,"slug":142},327,"Forecasts","forecasts",{"id":144,"name":145,"slug":146},328,"Selling Tips","selling-tips",{"id":148,"name":149,"slug":150},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":152,"name":153,"slug":154},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]