Attention police officers in Clear Creek County Colorado: Are you looking to buy a home?
This article outlines the police officer mortgage discounts and Clear Creek County Colorado police officer mortgage loans. You can save you thousands or tens of thousands on your home purchase with these three programs in Clear Creek County CO.
The three programs are: Homes for Heroes, the Clear Creek County CO Home Buyer Tax Credit, or MCC, and the officer next door program.
Homes for Heroes honors heroes in our community like you, police officers who give so much to make Clear Creek County CO an incredible place to live. Clear Creek County CO Police Officers are one of the groups that we honor through this program. The HFH program gives police officers mortgage discounts off their closing costs. Using other providers in the HFH network such as Realtors, contractors, etc, will get you additional discounts. whether you are buying a home or refinancing, you can claim these discounts.
Clear Creek County CO Home Buyer Tax Credit
Many Police Officer mortgage loans in Clear Creek County CO qualify for the tax credit, or Mortgage Credit Certificate (MCC). The MCC is can be claimed on your home purchase transaction (or a refinance if you have an existing MCC on your current loan). Your tax credit savings, on average, will be 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 MCC tax credit, you must fall under your county income limits and be either a first time home buyer, Veteran, OR purchase a home in a "targeted" area. Many Clear Creek County CO Police Officer mortgage loans qualify for the tax credit!
Clear Creek County CO Police Officer Next Door Program
The officer next door program, or Good Neighbor Next Door, is a program to help police officers purchase homes at a discount. Only certain homes qualify, you must purchase the home in a targeted area, and will be able to buy the home at a steep discount, at 50% of the list price (hint: targeted areas qualify for the tax credit). You will have a "silent" 2nd mortgage with no payment or interest for the remainder of your home purchase loan. After that, you must then live in the home for at least 3 years as your primary residence.
After that, the silent 2nd is forgiven, leaving you with substantial equity in the home. These are the three best Clear Creek County CO Police Officer mortgage loans and discounts available. Working with a mortgage lender who can access all of these programs for you is essential, many lenders don't have access to all of them.
Your lender must also understand the unique aspects of police officer loans Clear Creek County CO. You can rest assured that you will have an on-time closing and the best service because of our in-house underwriting and funding.
Call RJ Baxter in the office at 303-670-0137 to see what you qualify for or visit us at www.cohomesandloans.com. We will provide honest answers to your questions about Clear Creek County CO police officer mortgage loans!
Comments(0)