Give us a call at 303.779.0591

New Down Payment Assistance Program Available!

New Down Payment Assistance Program Available!

There is a “New” Mortgage Assistance Program available starting tomorrow, March 19, 2013 and Summit is proud to be offering this Program.  Only 8 Lenders are approved and we are one them!

This is going to help many home buyers, it is another effort to help rebuild and create home ownership and stabilization for Metro Denver.  The City and County of Denver has been very proactive in helping with neighborhood stabilization programs, including theMortgage Credit Certificate (MCC). This current program is available for the City and County of Denver and in participating MMC jurisdictions (contact us for more details).

Here is some key information on the MMA Program

What is it?

It is a loan that includes a grant for 4% of the note for down payment assistance. Keyword: Grant, this is not a second or loan for down payment assistance.

Who is eligible?

  • Must be purchasing a primary residence
  • Must occupy property within 60 days of closing
  • Must have an Government loan (FHA, VA, USDA)-Not for a Conventional Loan
  • FICO mid score must be 640 or higher
  • Max DTI ratio 45%

*NO First-Time home buyer requirement!

There are income limitations so please be sure to check out our page with detailed information.

Please contact us for more information and/or any questions, we are always here to help.  Also, make sure to complete a secure loan application if you would like to get pre-approved.

Also make sure to follow my Blog, “like” us on Facebook, “follow” us on Twitter, and connect with us on Google +

Cheers~

Ray Williams

Branch Manager

Summit Mortgage Corporation

[email protected]

303-779-0591 ext. 101

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303.779.0591
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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.

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