Wednesday, June 17, 2009

Down Payment with Tax Credit is Available in Colorado

From another lender friend:
The only place you can get a portion of the $8000 to use toward your down payment is CHFA. While FHA may say yes, I don’t know any mortgage lender that would advance the funds. CHFA’s program is called Jumpstart and you can get $6000 of the $8000 to use for your purchase. No interest or payments, but must be repaid by June 1, 2010 or payments and interest accrue.
See for details. Biggest downside is CHFA’s interest rates are high.

Now for a note to any first time buyer: Take the FIRST TIME BUYER COURSE CHFA University offers online:

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