MLS launches summer video contest

nnrmls campaign.video2In social media, there’s no better combination than personal stories and video. To that end, Northern Nevada Regional MLS launched a creative Down Payment Resource video contest in their market. Members share their DPR success stories in a video format for a chance to win free MLS services and gift cards, as well as additional publicity about their success. The campaign aims to engage more members on social media and encourage use of DPR.

Check out how NNRMLS highlighted the contest on their member log in page and through a custom video.

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DPR launches in three new markets

It’s been a busy Homeownership Month here at Down Payment Resource. Three new Multiple Listing Services launched Down Payment Resource to their membership in June.

Corpus ChristiCorpus Christi, Texas-based Coastal Bend MLS (83 percent of listings eligible for one or more homeownership programs).

 

Copy of RasefinallogoSouth Dakota-based Realtor Association of the Sioux Empire (75 percent of listings eligible).

 

Intermountain MLSbigIntermountain MLS (Eastern Oregon and Southern Idaho, with 87 percent of listings eligible).

 

DPR is now licensed to 19 Multiple Listing Services and Realtor Associations across the country, providing access to detailed program information to more than 320,000 REALTORS. It allows Realtor members to search and suggest properties to their clients, find available assistance programs, as well as integrate DPR into their existing property search website through the use of Internet Data Exchange (IDX).

Intermountain MLS also launched DPR on their public website — intermountainmls.com. Local media highlighted how the new property listing feature will link more buyers to housing finance help.

From the Idaho Statesman:

“We hope more potential homebuyers will come to our site and see what opportunities may be available for their situation,” said Greg Manship, CEO of Intermountain MLS.

From the Idaho Business Review:

“The first place consumers search for homes is online, and this provides both serious homebuyers and those who may be on the fence with more information or resources on the front end,” Intermountain MLS CEO Greg Manship said.

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DPR Releases Homeownership Program Index

Down Payment Resource Launches Homeownership Program Index

 Nationally 90% of homebuyer programs are funded

HOUSTON, TX, June 12, 2014 – At the National Association of Real Estate Editors Conference, Down Payment Resource (DPR) launched its new Homeownership Program Index. The Index measures homeownership programs available across the country and the percentage of funded programs. DPR, the nation’s only search engine for homebuyer programs, aggregates the benefits and eligibility requirements for programs including down payment assistance, grants, affordable first mortgages, and tax credits.

The June Homeownership Program Index analyzed 1,654 programs available nationwide. Across Down Payment Resource’s databank, nationally, 90 percent of programs are funded with the greatest number of programs available in the South.

June 2014 Homeownership Program Index

Region Number of Programs Available Percentage of Total Programs Percentage of Funded Programs
Northeast 228 13.8% 96.5%
South 598 36.2% 90.1%
Midwest 310 18.7% 92.6%
West 518 31.3% 86.1%

The Homeownership Program Index highlights the availability of valuable homeownership programs administered by state and local Housing Finance Agencies (HFAs), nonprofits, and other housing organizations. Programs are funded in a variety of ways, including mortgage revenue bonds and mortgage backed securities.

Many borrowers today have the income and credit rating to qualify for a home, but don’t have the funds for the down payment. keep reading