In case you are living in Colorado and you intend on buying a house for the first time, the good news is there are several different loan programs you can apply to. And if you qualify to them, you can receive loans and grants which can help you with down payments.
There are many Colorado home loan options available from organizations that pertain to the state, the county or a particular city. For instance, you may want to apply to the Colorado Housing and Finance Authority programs. The conditions for qualifying to this type of loan include that of having attended an approved homebuyer education program before closing the deal, a credit score of at least 620 and not to exceed the income limits for total borrower income.
Colorado Housing Assistance Corporation can also offer you good loans for buying your home. The repayment plans are quite flexible. The minimum contribution is that of $1000. If you are eligible, you can apply to this loan with the help of your local loan specialist.
US Mortgages can offer you expert guidance in this often complicated field of home loans, so that you can find out about the best programs you can qualify for and take the right decisions.
