Colorado Housing and Finance Authority has new home loans to assist those homeowners struggling with this recession. CHFA provides loans to low and moderate income home buyers at low interest rates.
CHFA just announced a couple new programs - HomeOpener and HomeOpener Plus mortgages which are available to first time homebuyers and those who have already purchased at least one home already. They provide 30 year loans, fixed rates and down payment and closing cost assistance thru these programs, that will require the homebuyer to participate in a homebuyer education course at the authority.
There are some qualifying factors - borrower must have a minimum credit score of 580, and maximum debt to income ratio of 45%.
CHFA has done bond issues since 6/2008, raising $90 million. CHFA sold the bonds largely because of its good name with the capital markets. They continue to search for new lending products for rental housing and small businesses.
CHFA was originally created in 1973 by Colorado Legislature for affordable housing in the State of Colorado. The authority is a major provider of financing for single-family mortgages.
Joan Cox, GRI,CRS,ABR,e-Pro
Metro Brokers - Turning Point Real Estate, Inc.
Centennial, CO 80111
720-231-6373
www.JoanCox.com
About Me
- Joan Cox
- Denver, Colorado, United States
- With 13 years in real estate, I specialize in relocation, new construction, investor purchases, first time homebuyers and sellers. Ask me about my web site! Call today - 720-231-6373 In August 2009 I opened MY OWN Metro Brokers office in the Tech Center.
