• Menu
  • About
  • REVIEWS

KAYE SWAINKAYE SWAIN

Kaye Swain Roseville REALTOR - Specializing in Over 55 Communities in Roseville CA Area

9167680127
KayeSwainRE@gmail.com
  • Menu
  • HOME
  • Blog
  • Roseville CA
  • Retirement
  • real estate update
  • Brand New Homes
  • Homes For Sale
  • Home Value
  • Sell home
  • virtual home tour
  • Homes sold

How Down Payment Assistance Opens the Door to Homeownership

Thank you for sharing....

How Down Payment Assistance Opens the Door to Homeownership | Simplifying The Market

Many people are eager to buy a home right now while affordability continues to be a highlight of the current housing market. However, a recent survey by Sparks Research 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.

On top of that, the same survey reports over two-thirds of prospective homebuyers believe they’ll need assistance to save enough for a down payment. 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. Down Payment Resources recently released its Q3 2020 Homeownership Program Index, which explains:

“The number of total programs is 2,340, and over 81 percent (81.1%) of programs currently have funds available for eligible homebuyers.”

Down Payment Assistance Programs Are Not Only for First-Time Homebuyers

Keep 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 working from home 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, Chief Economist for the National Association of Realtors (NAR), explains:

“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.”

If 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.

If you’re interested in learning more about down payment assistance programs, additional information is available through Down Payment Resource. Your real estate advisor can help you decide which option is best for you personally.

Bottom Line

Thanks 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.

Content previously posted on Keeping Current Matters

Posted in: Real Estate Info Tagged: real estate, Real Estate Market, real estate news

Post navigation

« Two Important Impacts of Home Equity
Buyer Interest Is Growing among Younger Generations »
Kaye Swain REALTOR in Roseville CA real estate news and services including aging in place-multigenerational boomers and seniors old and vintage houses and first time home buyers

Hi and Welcome to KayeSwain.com.

Are you looking for homes for sale in Roseville CA and the surrounding area? I appreciate your stopping by and invite you to check out the various options available - from blog posts to inform you about this lovely Greater Sacramento Valley Area, to home searches you can set up - such as homes for sale Roseville, Lincoln, Rocklin, Granite Bay, Citrus Heights, Carmichael, Fair Oaks, etc, to fun real estate eye candy and more. And yes! This is true for residential neighborhoods, condo communities, and all of our lovely 55+ active senior retirement communities. If you have any questions about buying OR selling your home in Roseville or the surrounding Sacramento area, do give me a buzz at 916-768-0127 or email us at KayeSwainRE@gmail.com We're here to help you and your family with your real estate needs.

Kaye Swain Sun City Roseville Real Estate Agent

Search for Homes for Sale

Search KayeSwain.com

Search for:

Click here and sign up to get my free weekly emails where I share Roseville and Sacramento area updates, fun events, holiday happenings, real estate market info, and more. KayeSwain.com/free-weekly-area-updates

Search New Construction Home Listings

See What’s New Today

Oops! Please enter a valid location (city, zip code or school district) or community name.

Powered by  www.showingnew.com/kayeswain

Tags

55+ senior retirement homes 95747 aging-in-place aging in place for boomers and seniors aging in place options boomers and seniors Brand New Homes buy or sell a home Citrus Heights Corona Virus Del Webb The Club At Westpark golf course home sellers homes for sale homes for sale in Citrus Heights homes for sale in Lincoln homes for sale in Rocklin homes for sale Rocklin CA homes for sale Roseville CA Homes sold multigenerational open house Placer County real estate Real Estate Market Real Estate Market Update real estate news real estate update restaurants Retirement Rocklin Roseville Roseville CA Sacramento Sacramento County seasons Silverado Homes at Eskaton Village Sun City Lincoln Hills Sun City Roseville Sun City Roseville Homes for Sale virtual home tour weather weekly market stats West Roseville winter

Search KayeSwain.com

Search for:

CLICK HERE for free weekly emails where I share Roseville and Sacramento area updates, fun events, holiday happenings, real estate market info, and more. KayeSwain.com/free-weekly-area-updates

CLICK HERE to read our blog
CLICK HERE to read RosevilleCaliforniaJoys.com

Resources for Buyers

The Ultimate Home Buyer's Guide

Resources for Home Sellers

Click here for Kaye Swain’s ebook -> Your Home Sellers Guide 

 

 

Resources for Boomers and Seniors

  • Seniors First Resource Guide
  • John Palley,Attorney – Certified Specialist in Estate Planning, Trust and Probate Law – offers an excellent and free book you can download as a pdf – “How to Live & Die With California Probate.” (Scroll to the bottom of his page and click the photo of the book)

 

RSS Roseville California Joys Blog – Latest Posts

  • Good Info and Interesting Things To Do In Roseville CA Area
  • Fun and Interesting Local News In Roseville CA Area

CONTACT US

9167680127
KayeSwainRE@gmail.com
Christian Kaye Swain real estate agent blogger in Sacramento Roseville CA first time home buyers boomers seniors 700 700 with kw logo
© 2023 · Equity Framework
Kaye Swain Roseville Real Estate Agent, 916-768-0127, KayeSwainRE@gmail.com, CalBRE#01966207, with Keller Williams Realty, 548 Gibson Drive, Suite 200, Roseville CA 95678, (Each office is independently owned and operated)

If you have a brokerage relationship with another agency, this is not intended as a solicitation. Equal Opportunity Housing Provider.

Use of this site means you agree to the Metrolist Terms of Use. The content relating to real estate for sale on this web site comes in part from the IDX program of the MetroList MLS Services. Listing content is copyright © 2017 MetroList MLS Services. All information provided is deemed reliable but is not guaranteed and should be independently verified. The information provided is for consumers. personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchasing. Please contact Kaye Swain Real Estate directly for additional information pertaining to the status and availability of properties displayed on this website.

We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.

*****************************************************************************

This blog may also contain other affiliate posts, ads, and links and we may receive compensation for posting those as well as for links that are clicked

Log in