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2 Ways Loan Originators Can Locate Down Payment Assistance for Clients

Pam Marron • Apr 24, 2024

Down Payment Connect is already being used by MLOs and Realtors. Now it's available to HUD Counselors through HomePrep!


Down payment assistance is quickly rising to the top need for clients wishing to purchase a home. Down Payment Connect, the back-end data provider for the parent Downpaymentresource.com, houses every down payment assistance program in the US and provides extremely detailed information laid out in a consistent format for each DPA program in their system.


Throughout the last two years, Downpaymentresource.com administrators have worked with MLO’s and the HomePrep developers to add nearly all wholesale down payment assistance programs to their platform and they didn't stop there! Extensive filters that allow for selection of specific client needs such as type (ie. SFR, manufactured homes, condos, multi-family, ADU’s), uses like renovation, above AMI income levels,  non-1st time homebuyers are just a few of the filters you will find along with stand alone 2nd mortgages, combined 1st and 2nd mortgages and grants.


DownpaymentResource.com is also in many MLS systems across the US and provides limited directory information and a free landing page for realtors to promote that they use DPA. Both MLO’s and realtors can subscribe to Down Payment Connect to get more of the extensive directory and back-end tools.


Now, through HomePrep, HUD counselors can also use the Down Payment Connect system to filter trhough DPA programs that clients are qualified for, and can even provide wholesale programs when working with an independent loan originator (often called a mortgage broker)! Through HomePrep, HUD counselors are now able to provide MLO’s and clients with the DPA programs that they have found the client is eligible for.


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