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By Kymberly Franklin posted 04-09-2024 16:12

At Space Coast Association of REALTORS, we're committed to providing our members with the best tools and resources to help them succeed in their careers. That's why we're thrilled to introduce our latest member benefit: Down Payment Resource.
With Down Payment Resource, you now have access to a powerful tool that can help your clients overcome the biggest hurdle to homeownership: the down payment. This innovative platform helps you identify all available down payment assistance programs in your area, so you can provide your clients with a comprehensive list of options that can help them save money and achieve their homeownership dreams.
And the best part? Down Payment Resource is now live and accessible on your Member Dashboard. With just a few clicks, you can start using this powerful tool to help your clients navigate the complex world of down payment assistance programs and find the one that's right for them.
So what are you waiting for? Start exploring all the benefits of Down Payment Resource.
  • Login to your: member dashboard
  • Locate Down Payment Resource in the 'MLS Products Tab'
  • Click on tile and start to use this new member benefit today! 
Down payment resource introduction

We are excited to announce that Down Payment Resource is Your Newest Space Coast Association of REALTORS® Member Benefit!

Down Payment Resource is now LIVE and accessible on your Space Coast Association of REALTOR® Member Dashboard.

Down payment assistance (DPA) programs help homebuyers with loans or grants that reduce the amount they need to save for a down payment. This invaluable resource provides an avenue for down payment assistance, a critical factor that often poses a challenge for many homebuyers.

With Down Payment Resource, our members can connect homebuyers with the necessary down payment support they require, offering a solution to one of the most common obstacles in the home buying process. Additionally, this platform equips housing professionals with the tools and resources needed to guide homebuyers effectively through the process, making the journey to homeownership smoother and more attainable.

Where can I find Down Payment Resource?

You can easily find the Down Payment Resource program by logging into your Space Coast Association of Realtors Member Portal.

This new tool, is located within the MLS Products section of your member dashboard.

First tile on the on the bottom line.

How It Works:

Since 2008, Down Payment Resource has done what no one else would do – create and maintain a centralized database of every homebuyer and down payment assistance (DPA) program in the country.

  • Lenders rely on Down Payment Resource tools to find and track programs and easily match borrowers to DPA.
  • MLSs integrate DPA programs into their listing data to match homebuyers and eligible properties with available programs.
  • DPA Providers gain program exposure through real estate agents and lenders.

Creating More Buyers:

  • Lack of a down payment is keeping potential buyers sidelined. This new program is geared to help real estate agents discover, monitor, and promote DPAs to get more buyers into homes.

Multiple Listing Services (MLSs):

  • Down Payment Resource enhances your listings with a unique layer of property data that homebuyers want. Down Payment Resource will flag DPA-eligible listings with a special Down Payment Resource icon (see example icon below), helping agents and homebuyers identify where down payment help is available. As a core MLS service, our members get free access to a suite of homebuyer engagement tools.

Down Payment Resource Features:

Down Payment Resource IDX Set-Up:

The DPR IDX feature allows you to enable Down Payment Resource to flag eligible listings on your public website so consumers can learn more about the help available for them, then contact YOU for assistance.

Get started by downloading our DPR IDX Setup Instructions and sharing with your IDX website provider/vendor.

DPR IDX Setup Instructions

DPR Pricing Tool:

Find out which homebuyer programs a property might be eligible for before it’s listed. Simply enter the address and ZIP code, as well as the proposed list price(s) and click View Programs.

Down Payment Connect Set-Up:

Down Payment Connect gives prospective homebuyers (and existing clients) even more reason to work with you.

Your own FREE customized landing page is already waiting for you so you can connect buyers to the down payment help they need.

Here is an example of what your landing page will look like:

Show buyers that you can help them find information about available down payment and closing cost help, tax credits and other programs. Once they complete the form and request details, an email is delivered to you with their contact information.

Add Down Payment Connect to your:

  • Email signature
  • Email marketing
  • Website
  • Social media

Check out the DPR Marketing Resources page for graphics, flyers and videos to help you setup and market your landing page!

DPR Reports:

The Homeownership Program Index

The Homeownership Program Index (HPI) measures the availability and characteristics of down payment programs in the DPR database. The programs are administered by state and local Housing Finance Agencies (HFAs), nonprofits and other housing organizations.

Q4 2023

Q4 2023 edition of the Homeownership Program Index reveals an increase in the availability and diversity of DPA programs, including an increase in programs supporting the purchase of manufactured and multi-family homes and the evolving dynamics of Mortgage Credit Certificate (MCC) programs. The number of programs offered in Q4 2023 increased by 135 over the previous year, raising the total number of programs to 2,294. State-by-state program data | Infographic

Upcoming Down Payment Resource Trainings:

Down Payment Programs 101: What Every Agent and Loan Officer Needs to Know

Thursday, May 9th

1:00 pm

Register Now

Those Darn DPAs!

Thursday, June 13th

1:00 pm

Register Now

Your success is our priority, and we can't wait to see the positive impact Down Payment Resource will have on your business.

Should you have any questions please reach out to our MLS Department.