Police Officers, Fire Fighters, Veterans, Teachers, first responders, and other Heroes can save thousands of dollars on their real estate and mortgage transaction through the Homes for Heroes Douglas County Colorado program.
The Douglas County CO Homes for Heroes program is a program designed to honor community heroes who give back so much, to provide a more affordable home purchase or refinance.
The program enables Heroes to save through a Douglas County CO Homes for Heroes lender and realize additional savings by partnering with a Homes for Heroes Realtor in Douglas County CO.
As a Hero lender, we also have a network of affiliates who offer additional discounts on real estate related services and products such as movers, home inspectors, and moving supply companies. Utilizing the Homes for Heroes network can save you thousands of dollars off your home purchase!
The following categories of heroes are eligible:
Teacher Loans, Fire Fighter Loans, Police Officer Loans, Veterans, Active Duty Military, First Responders and Hospital workers, and non-profit employees.
Visit the official Homes for Heroes website to find out even more about the program.
Example of savings for a Homes for Heroes Douglas County Colorado Transaction on a $200,000 home purchase:
Estimated Closing Costs: $4000
Lender Discount: ($500)
Realtor Discount: ($1400)
Home Inspector: ($100)
Moving expenses Discount: ($100)
Total Savings: $2100
Closing costs for Hero: $1900
There are also other programs that can save you even more. We are one of only a few Douglas County CO lenders who offer the Douglas County CO Home Buyer Tax Credit, or MCC Douglas County CO. The tax credit allows the hero to take a percentage of their mortgage interest as a tax credit at the end of the year.
Taken as a dollar-for-dollar reduction of the home owner's tax liability, a tax credit is a direct reduction of your tax expense. On average, we are seeing a savings of $125-$200 per month, and sometimes more, through the tax credit. The savings is good for the life of your loan as long as you are living in the home as your primary residence.
To find a lender who can offer both the Douglas County CO Homes for Heroes program and the tax credit is rare. We can offer you both savings, and also have in-house underwriting and funding, which can be an important factor for a hassle-free loan process and an on-time closing.
Call RJ Baxter at 303-670-0137 today or visit us at www.cohomesandloans.com to get your questions answered about the Homes for Heroes Douglas County Colorado program and the Douglas County CO tax credit!
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