Zillow Down Payment Assistance Program Excludes Arizona and Delaware
1 report, 1 independent
Updated Wed 00:00
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Zillow Home Loans introduced a down payment assistance program for homeowners financing purchases with an FHA loan. The program, which offers up to 3.5% of the purchase price as an interest-free second loan, is available in 43 states and Washington, D.C., but excludes Arizona and Delaware. The assistance loan is automatically forgiven after five years of on-time payments on the primary mortgage loan.
From fox2detroit.com
Why it matters
The program is designed to help buyers overcome the hurdle of down payments, which Zillow notes is a significant barrier for many. The exclusion of Arizona and Delaware means eligible buyers in those states cannot access this specific form of mortgage assistance.
From fox2detroit.com
Who's involved
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Arizona's exclusion of buyer aid may curb Maricopa County housing demandArizona's exclusion of buyer aid may curb Maricopa County housing demandPossible
- Steve Montenegro may need to address housing affordability issues in ArizonaSteve Montenegro may need to address housing affordability issues in Arizona.Possible
- General assembly may face pressure over housing policy shifts in Delaware and ArizonaGeneral assembly may face pressure over housing policy shifts in Delaware and ArizonaPossible