Police Officers, Fire Fighters, Veterans, Teachers, first responders, and other Heroes in our community can save thousands on their mortgage and real estate transaction through the Homes for Heroes Arvada Colorado program.
The Arvada 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 Hero program enables you to save through using a Arvada Homes for Heroes lender and to save even more by also teaming up with a Homes for Heroes Realtor in Arvada.
We also have access to a network of affiliates who offer additional savings on real estate services and products. You can save on movers, home inspectors, moving supply companies, and more. Partnering with our network can save our heroes literally thousands of dollars off their home purchase!
The following categories of heroes are eligible: Teacher Mortgage Loans, Fire Fighter Mortgage Loans, Police Officer Mortgage 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 Arvada Colorado Transaction on a $200,000 home purchase:
Closing Costs: $4000
Lender Discount: ($500)
Realtor Commission Discount: ($1400)
Discount from Home Inspector: ($100)
Moving expenses Discount: ($100)
Total Savings: $2100
Closing costs for Hero: $1900
There is another programs that can save you even more on your home purchase. We are one of the few Arvada CO Mortgage lenders who offer the Arvada Home Buyer Tax Credit, or Mortgage Credit Certificate Arvada. 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 Arvada Homes for Heroes program and the tax credit is rare. We can provide both programs for you.
We also have in-house funding and underwriting, meaning 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 find out if you qualify for the Homes for Heroes Arvada Colorado program and the Arvada tax credit!
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