Growth of Down Payment Assistance Programs With Average Benefit of $17K

Reported about 1 month ago

As 2024 nears its end, down payment assistance (DPA) programs are expanding to support first-time homebuyers, with a recent report showing a total of 2,444 programs across the U.S. This marks a 1.2% increase from the previous quarter and an 8% increase year-over-year, with California leading in program availability. On average, first-time buyers can expect around $17,000 in assistance, which is critical for overcoming the hurdle of saving for a down payment.

Source: YAHOO

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