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Earnest Money and CHFA Loans
CHFA (Colorado Housing and Finance Authority) offers down payment and closing cost assistance for Colorado home buyers and they only require the buyer to contribute $1,000 of their own money to the transaction.However, if a buyer pays more than $1,000 in earnest money, they are NOT allowed to get the amount that is in excess of $1,000 back at the closing. So make sure that when your buyer is getting a CHFA loan, they only pay $1,000 in earnest money.Have a buyer who needs a CHFA loan? Send them to us and we'll take care of everything for you.Getting a loan approved is easy - if you know what to do. The Mortgage Experts know what to do!!!Make sure you check out our web site:www.mtgsupportservices.comAnd make sure you check out all our great tips on our blog:
http://TheMortgageExperts.blogspot.com
By the way, don't forget to refinance your current mortgage. Rates are very, very low right now. Don't miss out! Call us today to get the details for your particular situation.
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