Offers up to the lesser of $25,000 or 3% of your first mortgage for a grant; also a second-mortgage loan option up to the lesser of $25,000 or 4% of the first mortgage.
Eligible if you make up to ~$210,150 (Front Range income cap) and have credit score ~640+.
Assistance comes in the form of a second mortgage (deferred, interest-free) repaid when you sell/refinance.
Gives a percentage of the first mortgage amount toward down payment/closing costs (example: for a $300k first mortgage and FHA loan product you might receive ~$15k).
Helps low- and moderate-income first-time homebuyers in Colorado with flexible second mortgages.
Must be first-time buyer (or non-homeowner in the past 3 years), contribute minimum own funds, and the home must be primary residence.
Consumers Property Resource Group
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