About Jon Iacono
Jon Iacono brings his 21+ years of experience in the industry to Advisors Mortgage Group. Jon was born in Brooklyn, NY but has lived the majority of his life in Monmouth County, NJ. As a graduate of Monmouth University with a concentration in Management and Computer Science, Jon brings his training and education to Advisors Mortgage to help grow and manage the recruiting team.
Jon worked alongside many mortgage and real estate industry professionals previously with Mortgage Intelligence companies such as, Mortgage Market Guide, Loan Tool Box, Certified, Scripts for Success, CMPS, MBS Highway, Turning Point CRM and more. Jon gives back to his community and has been an active volunteer firefighter for the Colts Neck 84 -1 station since 2004. He enjoys staying active by playing golf, lifting weights, boxing, training Jiu Jitsu and most importantly spending time with his two kids Lily and Jonny Jr.
Down Payment Assistance Programs Continue to Grow
October 28, 2024
As the 2024 year comes to a close, states are expanding down payment assistance (DPA) programs for first-time homebuyers. A report from Down Payment Resource (DPR) shows a 1.2% increase in DPA programs from the previous quarter, with 2,444 total programs available. The average benefit is $17,000, providing significant support for new buyers. California leads in programs and funding, and assistance for first-generation homebuyers increased by 5%.
Below-market-rate homes and grant-funded programs rose by 8% and 7%, respectively, offering more affordable homeownership options. DPA programs that supported the purchase of two-, three-, and four-unit properties rose by 7% in Q3 2024. With the election approaching and fluctuating mortgage rates, future program availability could shift.
Seeking a company who specializes in these programs can truly benefit a homebuyer who qualifies for these particular programs. The ultimate objective is to help buyers achieve their goals and attain homeownership.
Source: https://bit.ly/4eSUedZ
