First Time Home Buyer Colorado Down Payment Assistance. The loan is recorded as a second mortgage lien on the property being purchased. Cheyenne elbert kit carson and lincoln counties prairie development corp.
A first time home buyer is defined as an individual who has not had an ownership interest in a home within the last three years. Down payment and or closing cost assistance options. Colorado first time home buyers get 3 600 to 15 000 down payment assistance.
Down payment assistance program or 719 348 5562 or 800 825 0208.
Chac provides low interest flexible loans to low and moderate 80 ami in most areas 100 ami for arvada program income first time home buyers for down payment and closing cost assistance throughout colorado. The colorado housing and finance authority offers potential homebuyers the chfa firststep plus a down payment assistance program that works in conjunction with the chfa firststep home loan. Colorado down payment assistance programs have no seller conditions or contribution requirements. All of the loans require repayment usually monthly although the start date of those payments may vary.