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 Edgewater Colorado program.
The Edgewater Homes for Heroes program is designed to provide a more affordable home purchase or refinance transaction for these heroes, and to honor those who give so much. The program enables Heroes to save through a Edgewater Homes for Heroes lender and realize additional savings by partnering with a Homes for Heroes Realtor in Edgewater.
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. Find out more about Homes for Heroes at the official website.
Example of savings on a $200,000 home purchase for a Homes for Heroes Edgewater Colorado
Transaction: Closing Costs: $4000
Discount from Lender: ($500)
Realtor Discount: ($1400)
Home Inspector Discount: ($100)
Moving Discount: ($100)
Total Savings: $2100
Total Closing costs for Hero: $1900
There is another programs that can save you even more on your home purchase. We are one of only a few Edgewater CO lenders who offer the Edgewater Home Buyer Tax Credit, or MCC Edgewater. The tax credit will enable you to take a portion of your 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. We are seeing, on average, a savings of $125-$175 per month, and sometimes quite a bit 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 Edgewater Homes for Heroes program. 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 Edgewater Colorado program and the Edgewater tax credit!