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 www.chfainfo.com 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:
http://www.chfainfo.com/homebuyer/Homebuyer_Education_course_schedule.icm
Since 1985 I have been going to work every day for you and your friends, learning about our home town! Whether it is Highlands Ranch, Lone Tree, Littleton, Castle Rock, Centennial, Englewood, Parker, Elizabeth, Larkspur, Franktown, Kiowa, or anywhere in metro Denver Colorado, we offer real estate advice, properties for sale, multiple listing service, property listings, mls, all available at www.DenverRelocation.com. Drop me a note to pete@Denverrelocation.com
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