Loan Program

Shop For A Loan and Learn About First Time Home Buyer Programs

Lenders look at
three things when you apply for a mortgage: your debt-to-income ratio, your down payment, and your credit score. Getting pre-qualified by your lender is an important first step in starting to look for a home; a seller will look more favorably at an offer knowing you are financially able to purchase.

There are many financial programs, including down payment assistance, for first time home buyers to take advantage of. Our loan officer can find the right loan product for you.

Larimer Home Ownership Program
The Larimer Home Ownership Program is administered by the Housing Authority of the City of Loveland and offers down payment and closing cost assistance to low and moderate income families purchasing their first home

http://www.lovelandhsg.org/Housing_Ownership_LHOP.htm

City of Fort Collins Home Buyers Assistance (HBA)
The City of Fort Collins Home Buyers Assistance is for households financially ready to buy a home but lack the required cash to cover down payment and closing costs.

The City of Fort Collins will provide a loan to eligible households to cover down payment and closing costs up to a maximum of 6% of the sales price (5% for down payment and 1% for closing costs if there are no Seller concessions). The assistance is in the form of a loan which is paid back when the house is either sold, transferred out of the buyer's name, rented, or if buyer seeks another second lien (like a home equity loan) on the property. Added to the payment (which is also due at sale, rental or transfer) is 5% interest on the principal.

http://fcgov.com/affordablehousing/hba.php

Colorado Housing and Finance Authority (CHFA)
The Colorado Housing and Finance Authority (CHFA) can help you every step of the way, from understanding the basics of affordable housing to finding a CHFA program or product that works for you.

• CHFA offers down payment and closing cost assistance.
• CHFA is the leader in affordable housing.
• CHFA owns and rents affordable rental units.
• CHFA offers programs to both first time and non first time homebuyers.

http://www.chfainfo.com/homebuyer/

Federal Housing Tax Credit
In its efforts to stimulate the economy and revive the housing market, Congress has enacted legislation providing a tax credit of up to $8,000 for first-time home buyers.

But time is of the essence for buyers who want to take advantage of this opportunity. Only homes purchased on or after January 1, 2009 and before December 1, 2009 are eligible. Use the links below to find out more about the tax credit.

http://www.federalhousingtaxcredit.com/2009/home2.html

Meet Lisa McKinley, our Customer Care Representative

Lisa is available to provide you with information and answer your questions. Call 1-800-310-0618 or send us an email Contact Us