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Are renters spending too much income on rent?
Did you know 40 million middle-income families are spending more than a third of their income on housing costs? And, 21 million renters spend more than 30 percent of their income on rent each month. Find out what’s recommended and solutions to help make homeownership a more affordable option for your prospective clients.
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Tax credit helps buyers save every year
It’s the homebuyer benefit that keeps giving…for the life of the loan. The Mortgage Credit Certificate (MCC) provides an annual tax credit of up to $2,000 to eligible buyers. Unlike a tax deduction, this credit is a dollar-for-dollar reduction against your federal tax liability, so it comes directly off your bottom line. Learn more about how MCCs may work for your clients.
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Don’t let the 20 percent myth hold your buyers back
Are your buyers saving for 20 percent down? They may be on the sidelines longer than necessary. Help your buyers to investigate the nearly 2,500 homeownership programs available first. The boost from a homebuyer program may help pay for some or all of their down payment or closing costs, helping them snag a mortgage with today’s low interest rates. We sat down with the Public Storage blog recently to share our tips. Check it out.
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Dale & Valisha Become New Homeowners
Dale and Valisha are now first-time homebuyers in Reno, Nevada with help from their Realtor, lender and Down Payment Resource. Watch this short video from our partners at Northern Nevada Regional MLS (NNRMLS).
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 “Down Payment Resource created an opportunity for my buyers by connecting them to a competitive mortgage rate product and down payment assistance grants of up to 5 percent of the home’s purchase price. As a Realtor for more than 16 years, I still get excited to hand over the keys to my clients. At that moment, they are taking a slice out of the American dream and that’s all thanks to Down Payment Resource.”
Tayona Tate, FERRARI-LUND Real Estate |
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“Our Realtor helped us find a program and lender who could help us get qualified for a down payment assistance program. I never thought I would be homeowner so I’m very excited.”
Valisha, homeowner
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