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- $40,200

2- $45,950

3- $51,700

4- $57,450

City of Aurora only

Up to $10,000 for closing costs and/or down payment, plus a grant up to $3,000 for buyers purchasing a REO

1% of the

purchase price (Buyer can't get cash back at closing)

30 yr. term at 3% first five years only

No

No on DPA. Grant portion is forgiven at closing

Funding Partners- H2O

1 - $40,208

2 - $45,952

3 - $51,696

4 - $57,440

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-

MRB First Step

1 - $57,400

2 - $71,800

3+ - $82,500

Metro-except Boulder

Up to 3% for down payment or closing costs

$1,000.00 (Buyer can't get cash back at closing)

30 yr. at 0%

First mtg. rate set by CHFA

No

No

Colorado Housing

Enterprises

1- $57,730

2- $65,895

3- $74,175

4- $82,455

Metro-except Boulder

Loan amounts range from $3,000-$10,000 for down payment and/or closing costs

None

(Can get up to their earnest money back at closing)

5-7 yr. term currently at 5.75%

Yes

No