Give us a call at 303.779.0591

Down Payment Assistance for first time buyers in Denver and Colorado

Down Payment Assistance for first time buyers in Denver and Colorado

Many people are seeking to buy houses right now. Some are in need of down payment assistance, and some would like it to keep their savings set aside. So what can you do? How do you qualify? What is available?

It all starts with your lender and their ability to be approved for as many of the options as are available in your community. For example, in most communities there are multiple types of down payment assistance programs available.

Some have stricter income (lower) qualifications, while others allow higher incomes. Some allow us to couple their down payment assistance for you with market rates on FHA loans, others conventional. Some lend the whole amount including servicing your first mortgage as well.

Needless to say it is a maze when it comes to learning the ropes on what you may be eligible for. Is it going to be CHAC, HOAP, ACHA, CHFA, DCHP, and are you going to get a tax credit on top of that? Even those lenders that can help you with down payment assistance, can’t all offer you the tax credit. That has to be an approved lender.

Make sure that you talk to an experienced mortgage originator to get all of your options and that you get approved for everything you are eligible for.

Best of luck and feel free to call with questions

Ray Williams

303.779.0591 x 101

Share this post:

This field is for validation purposes and should be left unchanged.
Mortgage Advice
View All
Denver 411
View All
303.779.0591
[email protected]
Hablamos Español

Licensed in Colorado as Maestro LLC (DBA Mortgage Maestro Group) is an Equal Housing Lender.

387 N Corona St #646, Denver, CO 80218.

NMLS Unique Identifier #1838215

Consumers wishing to file a complaint against a company or a residential Mortgage loan originator should complete and send a complaint form to the Texas department of savings and mortgage lending, 2601 North Lamar, suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the Department’s website at www.sml.texas.gov. A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.sml.texas.gov.

Home Mortgage Disclosure Act Notice. The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age and income of applicants and borrowers; and information about loan approvals and denials. HMDA data for many other financial institutions are also available online. For more information, visit the Consumer Financial Protection Bureau’s website.

Website by Sparkling Marketing, Inc.