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Progressive Insurance Expands UpPayment Program

In a significant move towards making homebuying more accessible, Progressive Insurance has announced the expansion of its UpPayment® program. This initiative seeks to assist first-time homebuyers by providing down payment assistance to help them overcome financial barriers.

What is the UpPayment Program?

Launched as part of Progressive's Open the House initiative, the UpPayment program is designed to offer personalized financial support to eligible individuals. Through this assistance, participants can receive up to $13,500 towards their first home purchase. The program is now open for applications until October 31.

Tricia Griffith, the CEO of Progressive, emphasized the importance of this program, stating, "For many people, the hardest part of buying a home isn't the monthly payment – it's getting in the door. UpPayment is designed to remove that barrier." This highlights the commitment of Progressive Insurance to help individuals not only buy homes but also create stable living situations for families.

Overcoming the Hurdles of Homeownership

With the rising costs of housing and the growing wealth gap, the prospect of homeownership has become increasingly daunting for many Americans. According to the National Association of Realtors, only 21% of homebuyers in 2025 were first-time buyers, marking a historic low. This trend underscores the need for programs like UpPayment that bridge the gap between aspiring homeowners and the reality of purchasing a home.

Tiffany Bauldwin, a recipient of the UpPayment assistance, shared her experience, saying, "For a long time, homeownership felt out of reach for me... When I found out I was selected, it was a huge weight off my shoulders." Her story embodies the transformative potential of the program, which doesn’t merely provide financial aid but rather fosters safety and stability for families.

Application Process and Eligibility

To participate in the UpPayment program, applicants must first connect with a participating HUD-certified housing counselor at no cost. These counselors are trained to guide homebuyers through the process, ensuring they understand their options and connecting them with relevant financial assistance programs.

Eligibility requirements include:

• - Applicants must be first-time homebuyers who haven’t owned a home in the past three years.
• - They must enroll and actively participate in a HUD-approved housing counseling program.
• - A recent mortgage pre-approval is also necessary.
• - Applicants must meet specific income criteria and be legal U.S. residents aged 18 or older.

For more detailed information about the eligibility requirements and to apply, interested individuals can visit progressive.com/openthehouse.

Progressive's Broader Commitment

Since 2024, Progressive has dedicated over $16 million to initiatives aimed at enhancing housing accessibility. This commitment has allowed them to support:

• - Over 100 families in purchasing homes with down payment assistance.
• - Access to HUD-certified counseling for more than 15,000 households.
• - Educational resources for over 300,000 first-time homebuyers.
• - Housing stabilization efforts benefiting more than 960 families during challenging times.

This proactive investment in community support and educational outreach demonstrates Progressive’s unwavering mission to foster homeownership and sustainable living.

About Progressive Insurance

Founded in 1937, Progressive Insurance is known for its innovative services and consumer-friendly insurance products, including auto and home insurance. As the second largest personal auto insurer in the U.S., it operates with a commitment to providing customers with comprehensive protection options and easy-to-navigate services, ensuring that they can secure peace of mind in their personal and financial lives. The shares of The Progressive Corporation are traded publicly on the NYSE under the symbol PGR.