The Down Payment Resource's Q1 2025 Homeownership Program Index report indicates a significant increase in homebuyer assistance programs, reaching a total of 2,509, marking a 2% rise from Q4 2024. Key statistics show that 38% of these programs are accessible to repeat buyers, with a notable increase in offerings for first-generation homebuyers. The average down payment assistance is $18,000, and many programs now include financing for manufactured and multi-family homes. Approximately 80% of these assistances are deferred payment programs, allowing borrowers more financial flexibility.
"We're seeing expanded program offerings, new providers and greater flexibility in how funds are used not just for down payments but also to cover closing costs..."
"80% of DPAs in Q1 were deferred payment programs, a 3% increase from the previous quarter, allowing borrowers to manage affordability better."
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