denversmall 

      I love to be the bearer of good news!  Denver currently has a grant program to assist home-buyers with their down payments.  Lacking the funds for a down payment prevents many people from purchasing a home, so this program seeks to alleviate that problem for individuals and families with lower to moderate incomes.  This program provides up to 4% of the down payment and closing costs of the home for people applying for 30-year fixed rate mortgages.  This is not a loan; it is grant money.  It does not need to be paid back.

To find out whether you qualify, you may speak with a lender.  The guidelines are the following:  your income must be lower than $91,100 for households with two or fewer people, or less than $103,000 for a household with three or more people.  Your minimum credit score must be 640, (660 for manufactured homes.)  You must attend homebuyer counseling, which is free.  You must occupy the home as your primary residence. At this time, only homes in Denver, Arvada, Dacono, Edgewater, Littleton or Sheridan can be purchased through this program.

This program currently is funded at 15 million dollars, and is operating on a first-come, first-serve basis.  The funding is expected to last until approximately December 2014.

If you are interested in being connected with a lender to see if you qualify for this program, please contact me and I will provide you with a list of lenders.  In fact, my favorite lender is on that short list.  If you are accepted, I would love to help you find your new home!

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