Do you serve our community in Pueblo Colorado as a police officer and are looking to buy a home? Find out more about police officer loan discounts and Pueblo Colorado police officer mortgage loans. Save thousands or tens of thousands when you purchase a home and use these three programs in Pueblo.
These programs are the Homes for Heroes program, the Pueblo Home Buyer Tax Credit, or MCC, and the officer next door program.
In order to honor heroes in our community, we offer the Homes for Heroes program, for those who give so much to make Pueblo an incredible place to live. Pueblo 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.
Pueblo Home Buyer Tax Credit Many
Police Officer mortgage loans in Pueblo qualify for the tax credit, or Mortgage Credit Certificate (MCC). The tax credit applies for home purchase transactions (or a refinance if you have an existing MCC on your current loan). The tax credit savings are tens of thousands of dollar, on average, between $125-$250 per month off your mortgage interest for the life of your loan!
To qualify for the MCC tax credit, you must be either a first time home buyer, Veteran, OR purchase a home in a "targeted" area, and you must fall under the income limits in your county. Many Pueblo Police Officer mortgage loans qualify for the tax credit!
Pueblo 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.
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. After that, you must then live in the home for at least 3 years as your primary residence.
After that, the silent 2nd is forgiven, leaving you with substantial equity in the home. These are three great ways to save on Pueblo Police Officer mortgage loans. It is essential that you work with a mortgage lender who can access all of these programs for you, and who understands the unique aspects of Police Officer loans Pueblo.
You can rest assured that you will have an on-time closing and the best service because of our in-house underwriting and funding. 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 Pueblo police officer mortgage loans!
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