Yes, it's true! You can get a grant to helpyou to buy a home in Colorado!
The Colorado Housing and Finance Authority, or CHFA, was created in 1973 by the Colorado General Assembly. CHFA's mission is to increase affordable housing and economic development in Colorado. Effective February 2, 2015, CHFA will be offering their popular down payment program as a grant instead of a loan! The grant will be:
- Non-repayable!
- In the amount of 3% of the first mortgage loan!
- Can be used for down payment, closing costs, and/or pre-paids.
Qualifications**
- Have a middle credit score of 620 or higher
- Meet income and purchase price limits.
- Complete a CHFA-approved homebuyer education class prior to loan closing
- Contribute a minimum of $1,000 toward the purchase of the home
- Can be done as a Conventional, FHA, VA, or USDA loan
- This product is NOT restricted to First Time Homebuyers
For more information, contact:
Josh Groner, Universal Lending Corporation
Branch Manager, Consultant & Senior Loan Officer, CHFA Educator
Cell: 720-296-1740, Email: jgroner@ulc.com
Apply Online at CoMortgageFinancing.com MB #100017829 NMLS #248588
**In addition to qualifying for the CHFA program guidelines, the borrower(s)must also qualify according to the first mortgageunderwriting and applicable mortgage insurance guidelines as determined by Lender. All loans subject to underwriting and appraisal review. Universal Lending Corp. NMLS #2996 6775 E Evans Ave, Denver CO 80224. Regulated by the Division of Real Estate.
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