Prior research suggests that comparison shopping for mortgages when purchasing a home helps secure a lower interest rate. In theory, the benefits of mortgage shopping should…
Shared equity housing strategies are drawing increasing interest from people in all corners of the housing and community development field. In a new paper based on research I…
This literature review provides an overview of existing literature on the topic of shared equity housing programs in the US. It seeks to identify common elements, benefits,…
One of the justifications for federal involvement in the homeownership market is that it provides one of the few ways that low-income households can accumulate wealth. But…
Kerry Spitzer, Lauren Lambie-Hanson
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November 6, 2019
The Veteran’s Administration (VA) home loan program, which makes homeownership more affordable for veterans, is used more extensively in places closer to major military…
Kerry Spitzer, Lauren Lambie-Hanson
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November 6, 2019
The US Department of Veterans Affairs (VA) home loan guaranty program lowers the cost of homeownership for veterans and their families by removing the barriers of a down…
Jake Interrante, Elliot Schmiedl
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October 30, 2019
This paper compares actual wealth building outcomes in the Massachusetts Housing Partnership’s (MHP) subsidized ONE Mortgage Program to hypothetical outcomes for a borrower…
Providing between $25,000 and $100,000 per unit in assistance for shared equity homeownership opportunities would allow approximately 6.6 million additional households to…
Kristin Perkins, Shannon Rieger, Jonathan Spader, Chris Herbert
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October 21, 2019
Previous studies of the financial constraints for homeownership attainment have found that cash grants to cover down payment and closing costs can fairly substantially…
Hispanics are much less likely to be homeowners than non-Hispanic whites, and in a new working paper (presented earlier this year at the Center’s Symposium on Housing Tenure…