This can help a buyer who is ready, but hasn’t had the ability to save for a down payment. However, in a more complex age you may not want to liquidate hard earned savings to buy a house, and that is ok as well.
These down payment programs range from grants to loans. First, understand that a grant is just that! A down payment loan does have to be paid back. However, if a down payment loan is what allows you to buy versus waiting, do it!
In entertaining buying a home with down payment assistance you want consultation to learn the positives and negative aspects to weigh which option is right for you. Allow us to lend a hand educating you on what option is right for you. Please note these programs do you want you to have $1,000 invested into the buying process
Call us to learn more (303) 779-0591
Please note that down payment assistance (DPA) grant programs are not separate funds, they are your loan program (FHA 30yr fixed, there is also a Conventional option please call to discuss) so in order to qualify you have to get pre-approved with a lender who is approved with these programs. If you know you will need or would like to have the option for a down payment assistance program you will need to ask your current lender if they are approved and can offer any DPA programs, if they are not than it would be advisable not to submit a loan application and have your credit pulled. Again, you will need to work with an DPA approved lender. It would also be highly advisable that they are not only approved with one DPA program but multiple because if you are unable to fit and/or qualify for a program you will have other options without needing to change lenders.
The Metro Mortgage Assistance Program is currently available for the following cities/counties. Mortgage loans can only be made within the incorporated areas of: (It is the lenders responsibility to make sure the property is incorporated)