by Jeff Ragan
Colorado First Time Home Buyer Grants available in this Rocky Mountain
state! Find the best list of grants for home buying in Colorado.
If you think you are ready, be sure to get a mortgage that works with the various grants for home buying out there.Chances are you will need an FHA loan so be sure to ask for one. .
FHA seems to be the home loan that works best with most of the grant programs you find.
So, you are considering the purchase of a home in Colorado. Purchasing a home in any state is an exciting prospect!
Exciting and sometimes daunting! However, don't let yourself become consumed with the process.
It is my plan to give you some useful information in this article about first time home buyer grants which will help you with this exciting and much sought after venture.
Obtaining a grant for the down payment is like receiving a house made with dollar bills! A treasure indeed!
To begin with, unfortunately, the State of Colorado does not offer a Colorado first time home buyer grant program for its residents.
There are some loan programs available to help you. For example, the "CHFA FirstStep and CHFA FirstStep Plus" program is a two step process to get a great interest rate and a program to assist with the down payment and closing costs. There are some income and price limit requirements you must meet to qualify. Be sure to investigate the limitations associated with this two step process so you won't experience any surprises.
Another loan program you may want to look into is "CHFA HomeOpener and CHFA HomeOpener Plus." This program is also a two step process in order to get assistance for the down payment and closing costs. Once again there are requirements to qualify and limitations you should be familiar with.
If you would like to investigate these programs, click here.
However, the good news is that the federal government does offer grant assistance for first time home buyers in Colorado. This program is maintained by the United States Department of Housing and Urban Development and is called the Homes and Communities program.
Their website contains useful information and applications. The website for the grant program maintained by the United States Department of Housing and Urban Development can be visited by using this link, HUD Grant Information.
Another website I would recommend that you view is Visit the Government Grants. This website offers a list of all federal government grant programs. It would be a good idea to take some time and browse through this site to see what it offers and the qualifications for application.
It is important to note that there are a plethora of local first time
home buyer grant programs available from specific counties and
organizations in Colorado.
Go to House Buyer Solutions Home Page.
Thank you for visiting our website for first time home buyers. Below you'll find more information to help you with grants for housing.
This link will take you to the HUD website and you will see a map of the USA. Click on your state and then you'll find a list of the local counseling agencies in your own area.
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Happy House Hunting!!