New Study Looks at Down Payment Program AvailabilityNew Study Looks at Down Payment Program Availabilityhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=103652015-02-05T16:13:00Z2015-02-06T00:00:00Z

In Dallas County, 92.81 percent of single-family homes and condos qualify, while 92.67 percent qualify in Harris County. The only county with a higher percentage is Wayne County in Michigan, at 94.37 percent.

"The short supply of first-time homebuyers in the U.S. housing market is at least in part blamed on the difficulty many prospective first-time homebuyers face in coming up with enough cash to make a down payment and pay closing costs," the report said. "Many prospective homebuyers — and their real estate agents — do not realize, however, that there are 2,290 down payment assistance programs available across the country to help them overcome this challenge.

"RealtyTrac and Down Payment Resource analyzed the number of single-family homes, condos and townhomes that would qualify for one of these down payment assistance programs in the 578 U.S. counties with populations of 100,000 based on the maximum home price allowed for the programs available in each county. The analysis showed that 58 million total properties in these counties would qualify for at least one down payment assistance program, 87 percent of the total population in the counties."

http://www.realtytrac.com/news/home-prices-and-sales/down-payment-assistance-analysis-q1-2015/Read more at {Source}

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