DPR analysis finds 70% of SAR MLS listings may be eligible for homebuyer assistance
ATLANTA, Georgia and SPOKANE, Wash., March 22, 2022 (SEND2PRESS NEWSWIRE) — The Spokane Association of REALTORS® (SAR) announced today that it has partnered with Down Payment Resource (DPR) to provide its 2,500 MLS subscribers access to DPR’s toolset that helps realtors connect clients with programs that can help save on down payments and closing costs.
SAR is a Spokane County, Washington-based organization that operates a Multiple Listing Service (MLS) on behalf of its Realtor subscribers. Through its partnership with DPR, SAR will mark eligible listings with a DPR icon, making it easy for MLS subscribers to find and share available homebuyer assistance programs with their customers. According to DPR analysis, up to 70% of SAR listings may be eligible for one or more forms of homebuyer assistance, including down payment assistance programs, grants , affordable first mortgages and more.
SAR MLS subscribers will also have access to other DPR tools, including Down Payment Connect, a personalized lead generation landing page where borrowers can search for homeownership assistance programs in their market, and resources marketing materials that help get borrowers excited about the home buying process.
“The median sale price of a home in Spokane has climbed 22.5% over the past year, pushing many otherwise qualified entry-level homebuyers out of the market simply because they can’t save for the down payment and closing costs at the same rate as the appreciation. said DPR CEO Rob Chrane. “DPR helps SAR MLS subscribers strengthen the health of their community by providing families with the lift they need to get into their own homes.”
“Spokane has become a hot market, so more and more buyers are looking for valuable information that will help them save on their home loan and down payment,” said 2022 SAR President Eric Etzel. “We’re proud to provide DPR tools to our MLS subscribers so they can help families access the down payment assistance they need to begin building wealth as homeowners.”
About Deposit Resource:
Down Payment Resource (DPR) is a national database of down payment assistance and affordable loan programs. The company tracks funding status, eligibility rules, benefits, and more for approximately 2,000 programs in 11 categories. Its award-winning technology is helping the housing industry connect more buyers to the down payment help they need. DPR has been recognized by Inman News as “the most innovative new technology” and the HousingWire Tech100™. DPR is licensed to multiple listing services, realtor associations, lenders and housing counselors across the country. DPR’s subscription-based service, Down Payment Connect, helps agents and loan officers match buyers with available programs. For more information, please visit https://downpaymentresource.com/ and on Twitter at @DwnPmtResource.
About the Spokane® Realtors Association (SAR):
The Spokane Association of REALTORS® was founded in 1911 as the voice of real estate in Spokane County, Washington. Today, the association has more than 2,500 broker and affiliate members. It wholly owns and operates a multiple listing service on behalf of its members.
Twitter: @DwnPmtResource @SpokaneREALTOR #MLS #Realtor #broker #downpaymentassistance
NEWS SOURCE: Deposit Resource
This press release has been issued on behalf of the source of the information (Down Payment Resource) which is solely responsible for its accuracy, by Send2Press® Newswire. Information is believed to be accurate but not guaranteed. Story ID: 80093 APDF-R8.5
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