Our team are experts in all the available down payment assistance programs (DPA) available in Colorado. These programs make home ownership available to those without alot of savings. Some of the programs include the following:
CHFA
CHFA gives home buyers two options for DPA, including a Down Payment Assistance Grant up to 3% of the primary mortgage and a silent second mortgage loan up to 4% of the primary mortgage. No repayment is required on the Grant program!
METRO DPA
The METRO DPA program offers up to 6% down payment assistance. Requirements include an income limit of $150,000 and a minimum FICO credit score of 640. The program is compatible with FHA, VA and Conventional home loans.
CHENOA
The CHEONA Fund is a national DPA program that offers 3.5% to 5% Down Payment Assistance on FHA loans and 3% to 5% Down Payment Assistance on Conventional loans. CHEONA helps communities build wealth through sustainable homeownership.
Contact our team of experts today to find out more about qualifing for the down payment assistance program that benefits you the most.
The team at Smart Start Homeowners are experts with first time home buyers. We are with you every step of the way. Find out more now.
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