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CRMLS Brings Down Payment Resource to California Real Estate Professionals and HomebuyersATLANTA, Sept. 28, 2021 /PRNewswire/ -- California Regional Multiple Listing Service (CRMLS), the nation's largest and most recognized subscriber-based multiple listing service, proudly announces the launch of Down Payment Resource (DPR) to its more than 110,000 users. CRMLS will integrate the web-based tool into its property listing data, expanding its users' awareness of local down payment assistance programs available to homebuyers and helping these programs expand their reach. Studies have long recognized that saving money for a down payment is a major barrier to homeownership. A recent LendingTree study concluded that 48% of renters are worried they'll never be able to own a home. 54% of the group surveyed said they couldn't afford a down payment. DPR is the nation's leader in providing homebuyers and professionals with information on down payment assistance programs, grants, affordable first mortgages, tax credits, and more during the home search process. Approximately 60% percent of CRMLS's residential listings may be eligible for one or more down payment assistance programs. CRMLS systems will flag eligible listings with a Down Payment Resource icon, making it easy for CRMLS users to find and share available homebuyer programs with their clients. "We want to provide our users the best MLS experience available, and we saw Down Payment Resource as a product that offers a distinct value," said CRMLS CEO Art Carter. "For the first time, our community of real estate professionals is empowered with a ool that helps them seek out down payment assistance programs." With hundreds of millions of dollars in down payment assistance programs available throughout the country, it is challenging for housing industry participants and homebuyers to know about or understand the requirements and benefits of multiple programs within each market. DPR uses today's technology to simplify that process for everyone involved. "There are multiple consumer studies that demonstrate the dream of homeownership is alive and well, but the challenge of saving for a down payment can keep potential homebuyers on the sidelines," said Rob Chrane, CEO of Down Payment Resource. "With DPR, CRMLS is providing a unique way to help its members and California homebuyers find affordable homes and down payment options." About California Regional Multiple Listing Service (CRMLS) About Down Payment Resource Media Contacts: View original content to download multimedia:https://www.prnewswire.com/news-releases/crmls-brings-down-payment-resource-to-california-real-estate-professionals-and-homebuyers-301386902.html SOURCE California Regional MLS |