The growth of down payment assistance programs has skyrocketed in the past few years so much that it can be hard to keep up. Inman Select has shared an online resource called Down Payment Resource that collects information on programs all around the country, including programs that aren’t limited just to help with down payments (such as tax credit eligibility).
According to their data, of the 2,359 programs they track the average down payment benefit is $7,333 and the average benefit overall, not limited to down payment assistance, is $22,138.
If you have clients that could benefit from down payment assistance it is worth investigating the different programs on the site. The Inman article is an additional helpful resource because it gives an overview of how these assistance programs are growing and evolving as more people use them. To access the article you need to have signed up for your free Inman Select account which you can do here.