Down Payment Resource (DPR), which links homebuyers with homebuyer assistance programs, is now helping ALCOVA Mortgage’s loan officers match borrowers with available programs more easily.
Founded in 2003, ALCOVA Mortgage is a full-service independent mortgage company headquartered in Roanoke, Va.
By partnering with DPR, ALCOVA Mortgage can equip its loan officers with real-time tools to connect more homebuyers to down payment programs that reduce upfront costs and ease affordability challenges, DPR says in a release.
The integration of DPR into ALCOVA’s lending platform equips loan officers with immediate visibility into assistance programs, streamlining the process for both staff and borrowers.
“With affordability challenges continuing to impact borrowers, down payments remain one of the biggest hurdles to homeownership,” says Nikki Dickens, senior vice president of training and product development at ALCOVA Mortgage. “Down Payment Resource makes it easy to match a borrower to potential down payment options. Having such an up-to-date, robust resource at the fingertips of both our sales and operations teams has been a godsend to me as someone who develops our loan programs internally.”
“We’re thrilled to partner with ALCOVA Mortgage to ensure that more buyers can access the down payment help available to them,” adds Rob Chrane, founder and CEO of Down Payment Resource. “Together, we’re giving loan officers the tools they need to open the door to homeownership for more families.”