Are you a teacher in Clear Creek County Colorado and looking to buy a home?
Learn more about the incredible savings you can receive on Clear Creek County Colorado teacher mortgages. You can save you thousands or tens of thousands on your home purchase with these three programs in Clear Creek County. These programs are the Homes for Heroes program, the Clear Creek County Home Buyer Tax Credit, or MCC, and the teacher next door program.
In order to honor heroes in our community, we offer the Homes for Heroes program, for those who give so much to make Clear Creek County CO an incredible place to live. Clear Creek County Teachers are one of the groups that we honor through this program. The HFH program gives teachers mortgage discounts off their closing costs. You can receive additional discounts by using a HFH Realtor or other HFH professionals. Receive discounts on both your home purchase or refinance loan.
Colorado Home Buyer Tax Credit
Teachers in Clear Creek County CO can also take advantage of the home buyer tax credit, or Mortgage Credit Certificate (MCC). The MCC is a program that is available only on a home purchase transaction (or a refinance if you have an existing MCC on your current loan). The tax credit will save you, on average, between $125-$250 per month off your mortgage interest for the life of your loan, translating to tens of thousands of dollars in savings!
To qualify for the tax credit, you must fall under your county income limits, which are generous, and be either a first time home buyer, Veteran, OR purchase a home in a "targeted" area.
This means that many Clear Creek County CO Teacher mortgage loans qualify for the tax credit!
Colorado Teacher Next Door Program
The teacher next door program, or Good Neighbor Next Door, is a program to help teachers purchase homes at a discount. You must purchase the home in a targeted area (hint: targeted areas qualify for the tax credit), and essentially purchase the home at 50% of the list price.
You will have a "silent" 2nd mortgage for the remainder of your home purchase, meaning there is no payment or interest on this portion of your loan. You must then live in the home for at least 3 years as your primary residence, and then the silent 2nd is forgiven, leaving you with substantial equity in the home.
These great Clear Creek County CO teacher mortgage loans and discounts can help you save money as a teacher in our community. It is important to work with a lender who has access to all of these programs who understands the unique aspects of teacher loans Clear Creek County CO. In-house underwriting and funding that we can offer are very important to assure the best service and an on-time closing.
Call RJ Baxter in the office at 303-670-0137 to discuss your options or visit us at www.cohomesandloans.com. We will provide honest answers to your questions about Denver teacher mortgage
Comments (0)Subscribe to CommentsComment