Do you serve our community in Edgewater Colorado as a police officer and are looking to buy a home? There are several police officer loan discounts and Edgewater Colorado police officer mortgage loan programs available. You can save you thousands or tens of thousands on your home purchase with these three programs in Edgewater.
The three programs are: Homes for Heroes, the Edgewater Home Buyer Tax Credit, or MCC, and the officer next door program.
To honor your service to our community, we offer the Homes for Heroes program, for those who give so much to make Edgewater an incredible place to live. Edgewater Police Officers are one of the groups that we honor through this program.
The HFH program will give you police officer mortgage discounts off you home loan closing costs.By using other HFH network providers such as Realtors, contractors, etc, you will receive additional discounts. whether you are buying a home or refinancing, you can claim these discounts.
Edgewater Home Buyer Tax Credit
You can receive the home buyer tax credit, or Mortgage Credit Certificate (MCC) on many Police Officer loans in Edgewater. The MCC is can be claimed on your home purchase transaction (or a refinance if you have an existing MCC on your current loan). The tax credit will save you, on average, 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. This means that many Edgewater Police Officer mortgage loans qualify for the tax credit!
Edgewater Police Officer Next Door Program
The Good Neighbor Next Door, also called the Officer Next Door Program is a program to help police officers purchase homes at a discount. To qualify, you must purchase your 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% off the listing price.
There will be a "silent" 2nd mortgage on your home covering the amount over your 50% first mortgage, meaning there is no payment or interest on this portion of your loan.You must occupy the home for at least 3 years as your primary residence, then the silent 2nd is forgiven!
This will leave you with a substantial amount of equity in your new home. These are three great ways to save on Edgewater Police Officer mortgage loans.It is critical to work with a mortgage lender who can access all of these programs for you, and who understands the unique aspects of police officer loans Edgewater.
Our in-house underwriting and funding will assure an on-time closing and the best service.To get your questions answered, call RJ Baxter in the office at 303-670-0137 or visit us at www.cohomesandloans.com. We will provide honest answers to your questions about Edgewater police officer mortgage loans!
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