CHFA restarts downpayment assistance grants, targets Millennials

Sold PictureThe Colorado Housing and Finance Authority launched a new program Monday that will provide qualified borrowers with down payment and closing-cost assistance for up to 5% of the purchase price of a home. “This product will be a large help for millennials who have steady incomes,” said Jerilynn Martinez, a spokeswoman for CHFA. The assistance is defined as a grant that doesn’t have to be repaid, but borrowers participating must pay a higher interest rate on a first mortgage made through one of CHFA’s 90 lending partners.
Read article – Denver Post


About dherries
Dave and Sally Herries and The RealtyColorado Team - Real Estate Broker serving the metro-Denver area. Offering properties in urban, sub-urban and rural areas. Our mission statement is "Enriching lives through real estate."

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