Police Officers, Fire Fighters, Veterans, Teachers, first responders, and other Heroes in our community can save thousands on their mortgage and real estate transaction through the Homes for Heroes Pueblo Colorado program.
The Pueblo Homes for Heroes program honors the heroes in our community who give back so much, providing a more affordable home purchase or refinance. The Hero program enables you to save through using a Pueblo Homes for Heroes lender and to save even more by also teaming up with a Homes for Heroes Realtor in Pueblo.
As a lender affiliate, we also have a network of other providers who offer additional discounts on real estate related services including movers, home inspectors, and moving supply companies. Tap into our hero network and you can save our thousands of dollars off your home purchase!
The following heroes are eligible: Teacher Mortgage Loans, Fire Fighter Mortgage Loans, Police Officer Mortgage Loans, 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.
Here is an example of savings for a typical Homes for Heroes Pueblo Colorado Transaction on a $200,000 home purchase:
Estimated Closing Costs: $4000
Lender Discount: ($500)
Realtor Fee Discount: ($1400)
Discount from Home Inspector: ($100)
Moving expenses 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 Pueblo Colorado lenders who can offer the Pueblo Home Buyer Tax Credit, or MCC Pueblo. The tax credit will enable you to take a portion of your mortgage interest as a tax credit at the end of the year. A tax credit (compared to a tax deduction), is a dollar-for-dollar reduction of your tax liability during tax season.
On average, there is a savings of $100-$175 per month, and some home buyers are receiving quite a bit more by claiming 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 can offer both the Pueblo Homes for Heroes program and the tax credit.
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 Pueblo Colorado program and the Pueblo tax credit! Or simply fill out the form below with your questions.