Teachers, Police Officers, Fire Fighters, Veterans, first responders, and other community Heroes can save thousands on their mortgage and real estate transaction through the Homes for Heroes Boulder Colorado program.
The Boulder 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 Boulder Homes for Heroes lender and realize additional savings by partnering with a Homes for Heroes Realtor in Boulder.
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 types of heroes are eligible: Teachers, Fire Fighters, Police Officers, Veterans, Active Duty Military, First Responders and Hospital workers, and non-profit employees.
You can find out more about the program at the official Homes for Heroes website. Example of savings on a $200,000 home purchase for a Homes for Heroes Boulder Colorado Transaction:
Estimated Closing Costs: $4000
Lender Discount: ($500)
Realtor Commission Discount: ($1400)
Home Inspector Discount: ($100)
Moving Discount: ($100)
Total Savings: $2100
Net Closing costs: $1900
There is another programs that can save you even more on your home purchase. We are one of only a few Boulder Colorado lenders who can offer the Boulder Home Buyer Tax Credit, or MCC Boulder. The tax credit allows you to use a percentage of your mortgage interest as a tax credit at the end of each 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.
It is rare to find a lender who offers both the the tax credit and the Boulder Homes for Heroes program. We do both, and also have in-house underwriting and funding, which can be critical for a hassle-free loan process and an on-time closing.
Call RJ Baxter at 303-670-0137 or visit us at www.cohomesandloans.com to find out if you qualify for the Homes for Heroes Boulder Colorado program and the Boulder tax credit! Or simply fill out the form below with your questions.
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