Attention police officers in Golden Colorado: Are you looking to buy a home? Find out more about police officer loan discounts and Golden Colorado police officer mortgage loans.
Save thousands or tens of thousands when you purchase a home and use these three programs in Golden. The three programs are: Homes for Heroes, the Golden Home Buyer Tax Credit, or MCC, and the officer next door program.
Homes for Heroes honors heroes in our community like you, police officers who give so much to make Golden an incredible place to live. Golden Police Officers are one of the groups that we honor through this program. Police officers will receive mortgage discounts off their closing costs through the HFH program.Using other providers in the HFH network such as Realtors, contractors, etc, will get you additional discounts. You can receive discounts when either buying or refinancing.
Many Police Officer mortgage loans in Golden qualify for the tax credit, or Mortgage Credit Certificate (MCC). 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!
Qualifying factors are that 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 Golden Police Officer mortgage loans qualify for the tax credit!
Golden 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. 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.
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 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 Golden Police Officer mortgage loans and discounts available. Working with a mortgage lender who can access all of these programs for you is essential, many lenders don't have access to all of them.
Your lender must also understand the unique aspects of police officer loans Golden. Our in-house underwriting and funding will assure an on-time closing and the best service. Call RJ Baxter in the office at 303-670-0137 to find out more about these programs or visit us at www.cohomesandloans.com. We will provide honest answers to your questions about Golden police officer mortgage loans!
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