CHFA can help Coloradans with down payment assistance, helping them get into a house for as little as $1,000 down. Some borrowers may even be able to avoid mortgage insurance. Access to CHFA advantages is dependent on household income (which is determined at the county level and by size of household).
There are a variety of programs within the CHFA loan. Not to mention, there are also down payment assistance grants and zero-percent second mortgage loans (which help to cover down payment requirements and closing costs).
It’s as important to understand that CHFA is the loan servicer. That means they take over the loan after you complete the mortgage process with a participating CHFA lender, like American Financing.
As an approved and top producing CHFA lender, American Financing has mortgage consultants ready to pre-qualify you and walk you through options. Get started today. Make the call to (800) 910-4055, or complete the online application to work with an experienced CHFA lender.
* The home buyer education class is required and must be completed before closing. It can be completed online or in person. The curriculum includes: discussion of key players and their roles in the home buying process, successful money management tips, taxes and insurance, consumer laws, steps in the mortgage process, how to protect your investment, and discussion of the true cost of homeownership -- among many other topics.