CHFA Loans for Colorado Homebuyers
Empower Your Home Purchase: Enjoy accessible loan options tailored for Coloradans, whether it's your first home or not.
Flexible Down Payment Assistance: Benefit from grants and second mortgage loans, lightening the upfront financial burden.
Experienced Guidance: With Nick Barta's team, navigate the world of homeownership backed by one of Colorado's top CHFA participating lenders.
Understanding CHFA Loans: Your Key to Colorado Homeownership
The dream of homeownership in Colorado may often seem daunting, especially when faced with the financial realities of down payments and closing costs. But imagine being empowered with tools and resources that make this dream attainable. Enter the Colorado Housing and Finance Authority (CHFA)...
CHFA Programs at a Glance:
CHFA's Down Payment Assistance Grant: Get assistance up to the lesser of $25,000 or 3% of the total loan amount, and the best part? No repayment is required.
CHFA's Down Payment Assistance Second Mortgage Loan: Get assistance up to the lesser of $25,000 or 4% of the total loan amount. Repayment is deferred until specific milestones, like the payoff of your primary mortgage loan, refinance, or if the home is no longer owner-occupied.
Essential CHFA Program Requirements to keep in mind:
Credit Worthiness: A mid-credit score of 620 or higher.
Income Bracket: Your total income should not exceed CHFA’s set income limits.
Knowledge is Power: Attend a CHFA-approved homebuyer education class.
Financial Commitment: An investment of at least $1,000 toward the purchase is required, besides any other closing costs or down payment demands.
The goal of CHFA is clear: making homeownership achievable. With tailored programs, the dreams of Coloradans can turn into reality, requiring as little as $1,000 down. Some borrowers might even be exempt from mortgage insurance, making their journey even smoother.
Ready to Begin Your Homeownership Journey?
Nick Barta and his dedicated team have guided countless Coloradans, just like you, through these detailed steps. As a top-performing CHFA Participating Lender, the goal is not just to provide you with a loan, but to empower you with knowledge, ensuring every step you take towards your new home is a confident one.
Apply Now and let's make your dream home a reality.
*First lien interest rates may be higher when using a DPA second. Closing costs and fees may still apply.
**CHFA down payment assistance can only be used when paired with a first mortgage loan under a CHFA program. Higher interest rates apply.