Less stress. More leads. Make the most of down payment assistance programs with Down Payment Resource®.
MGIC mortgage insurance is the original down payment assistance program. We know that borrowers sometimes need a little extra help, but they don't know where to find it. In fact, less than a third of consumers are familiar with low-down-payment programs.
You can be the expert who connects borrowers to programs that can boost them over the down payment hurdle. Down payment assistance (DPA) can help you:
Our partner Down Payment Resource (DPR) offers tools for loan officers and lending operations of all sizes.
DPR is the only national database of eligibility criteria and benefits information for down payment assistance resources, grants, bond programs, MCCs, employer assistance and other homeownership programs — updated monthly with the most current information.
There are more than 2,400 homeownership programs across the country. DPR tracks them all, including those right in your backyard. Put their database to work for you!
A Down Payment Connect subscription is $39 per state per month with no contract, or just $390 for an annual subscription.
Why waste time and talent keeping up with DPA programs when DPR can do it for you? DPR keeps track of your organization's approved programs so loan officers can easily and immediately see what programs borrowers may qualify for. And underwriters and compliance officers will save time in reviews, leading to shorter turn times.
Have you thought about focusing on firefighters in Fairbanks? DPR's comprehensive directory can help you identify specific populations in your community who may qualify for DPA so you can make strategic marketing decisions.
DPR's Consumer Portal can be lender-branded to deliver leads directly to loan officers. Link your branded consumer portal on your website or in digital advertising to reach potential borrowers looking to overcome the down payment hurdle.
To help organizations research, track and implement down payment assistance strategies, Down Payment Resource offers 3 primary components:
Our partnership with Down Payment Resource means MGIC customers save up to 15% on DPR services. Since every lender has different needs, DPR will work with you to create a unique combination of DPA tools. Interested in the DPA Directory only? Access starts at $695 per month for 10 states (with a 2-year contract). Try it at no cost for 14 days.
Down Payment Resource® is a registered trademark of Workforce Resource LLC.
Community Seconds® is a registered service mark of Fannie Mae.
Affordable Seconds® is a registered service mark of Freddie Mac.