Understanding the complexities of home buying can be overwhelming. Yet, with the right information at your fingertips, it becomes a lot easier. If you're a first-time homebuyer in Colorado, the CHFA down payment assistance (DPA) programs offer an incredible opportunity.
What is CHFA?
The Colorado Housing and Finance Authority (CHFA) provides financial programs aimed at making homeownership accessible and affordable.
DPA Options from CHFA:
Down Payment Assistance Grant:
Get up to $25,000 or 3% of your mortgage.
No need for repayment.
Silent Second Mortgage Loan:
Offers up to $25,000 or 4% of the mortgage.
Repayment is deferred until specific events like selling your home, refinancing, or paying off your first mortgage.
Why The Nick Barta Team at Security First Financial?
Recognized as Colorado's top down payment assistance lender.
Known for their local expertise and professional guidance tailored for Colorado first-time homebuyers.
Closings in as little as 21 days.
Taking the Next Step: If you're considering taking advantage of these opportunities, ensure you're well-informed and guided by the best in the industry.
Apply Now with The Nick Barta Team and gain unparalleled assistance in your homeownership journey.
In conclusion, with diligent research, the right support, and understanding of available financial aid like the CHFA programs, owning your dream home in Colorado becomes a tangible reality.
*First lien interest rates may be higher when using a DPA second. Opinions expressed are solely my own and do not express the views of my employer. Pre-approvals are given to clients who have met qualifying approval criteria, for specific loan requirements, and have been pre-approved by a PRMI underwriter.