There is a new funding initiative available to help home buyers in Denver and Littleton. The new Metro Mortgage Assistance Plus program that was recently launched will help provide homeownership for those buyers who fall into the moderate-and low-income range, and who are looking to purchase a home in Denver or Littleton. With this new program home buyers will be able to take advantage of a competitive, fixed-rate, 30-year mortgage. Along with being able to secure a 30-year mortgage at a competitive rate home buyers who qualify will also be able to receive a 4% grant for assistance in down-payment and closing costs that will not have to be repaid.
Many programs similar to this require home buyers to be first-time owners, but this program does not require that. There is also no set time limit that has to have passed sense the last time the home buyer owned a home. The program also does not have a maximum home purchase price. Both existing and new construction homes can be purchased thru this program as long as the home remains the buyer’s primary residence.
To qualify each home buyer would need to complete a free home buyer counseling session, and need to meet standard loan guidelines. A minimum credit score of 640 is required along with income limits of not more than $91,000 for a household consisting of two or fewer people. For households of three or more an income of no more than $103,000 is required. Contact us for more on these programs.
Let the professionals at the Bandy Team help you buy or sell a Denver home, contact us for a no-obligation consultation. We are happy to answer any questions you may have about real estate in Denver or homes in Littleton. You may also be interested in property in Stonegate, homes in Englewood, or real estate in Castle Rock.
Until Next Time,
The Bandy Team
RE/MAX Professionals- Denver, CO
"From Our Heart to Your Home"