Comparison of Available Downpayment Assistance Programs
|
|
Total Household Income
By Family Size
|
Amount of Assistance and Use of Funds
|
Minimum Investment
Required from Buyer
|
Interest Rate &
Term
|
Monthly Payment Required
|
Forgiven
|
|
Aurora HOAP
|
1- $42,550
2- $48,650
3- $54,700
4- $60,800
City of Aurora only
|
Up to $10,000 for closing costs and/or down payment
|
1% of the
purchase price (Buyer can't get cash back at closing)
|
30 yr. term at 3% first five years only
|
No
|
No
|
|
Funding Partners- H2O
|
1 - $42,560
2 - $48,640
3 - $54,720
4 - $60,800
Metro- except Boulder
|
Up to 5% of the purchase price for closing costs and/or down payment
|
$1,000.00 (Buyer can't get cash back at closing)
|
15 yr. term no interest- shared equity program unless pd. in first 2 years
|
No
|
No
|
|
CHFA-
Home Opener
|
1 - $76,000
2 - $87,400
3+ - $98,800
Metro-except Boulder
|
Up to 3% for down payment or closing costs
|
$1,000.00 (Buyer can't get cash back at closing)
|
Changes Daily- 30 yr.
|
Yes
|
No
|
|
Colorado Housing
Enterprises
|
1- $60,360
2- $68,880
3- $77,520
4- $88,160
Metro-except Boulder
|
Loan amounts range from $3,000-$10,000 for down payment and/or closing costs
|
$500
|
5-7 yr. term currently at 6.5%
|
Yes
|
No
|
Contact me today for qualification and eligibility! Please note- there are more down payment assistance programs available, but I only have room for so much. :)
;)
;)
