Edgewater CO Teacher Mortgage

Mortgage and Lending with Fairway Independent Mortgage Corporation NMLS #395819, FIMC #2289

Are you a teacher in Edgewater Colorado and looking to buy a home? Find out more about teacher loan discounts and Edgewater Colorado teacher mortgage loans.There are several programs available to teachers in Edgewater that can save you thousands or tens of thousands on your home purchase.

The three programs are: The Edgewater Home Buyer Tax Credit (Mortgage Credit Certificate), the Homes for Heroes program, and the teacher next door program.

Homes for Heroes

The Homes for Heroes program is designed for heroes in our community, those who give so much to make Edgewater an incredible place to live. Edgewater 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. These discounts are available for either home purchases or refinance loans.

Colorado Home Buyer Tax Credit

The tax credit, or Mortgage Credit Certificate (MCC) is available on many teacher loans in Edgewater. You can claim the tax credit on a home purchase transaction (or a refinance if you have an existing MCC on your current loan).

You can save an additional $125-$250 per month off your mortgage interest, on average, for the life of your home loan, meaning tens of thousands of dollars in interest savings! To qualify for the MCC, you must fall under your (generous) county income limits and be either a first time home buyer, Veteran, OR purchase a home in a "targeted" area. Many Edgewater 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 will be able to buy the home at a steep discount, 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 after that, the silent 2nd is forgiven, which will leave you with substantial equity in the home. These are the three best Edgewater teacher mortgage loans and discounts available.

It is important to work with a lender who has access to all of these programs who understands the unique aspects of teacher loans Edgewater. We have in-house underwriting and funding meaning that you will receive the best possible service and will meet your contract deadlines.

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 Edgewater teacher mortgage loans!

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RJ Baxter- Branch Manager, Educator, Speaker, Mountain Biker, Broncos Fan, Snowboard Shredder, Father of Two Crazy Kids

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165 S. Union Blvd, Suite 400

Lakewood, CO 80228

NMLS #395819, FIMC NMLS #2289

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