Why do people buy a home? Are the motivations the same for families with small children vs. retirees vs. millennials.Know your motivation. This will help you stay on track with
A new program that started January 8, 2015 and scheduled to run through the end of 2017 for first-time home buyers in Denver!
The City and County of Denver Mortgage Credit Certificate (MCC) program allows qualifying borrowers to receive an annual federal income tax credit equal to 30% of the annual interest they pay on their mortgage loan. The tax credit enables a taxpayer to subtract the amount of credit from his or her annual total federal income taxes.
First -time home buyers
Buyers who have not owned a home in 3 years (some exceptions apply).
MAXIMUM FAMILY INCOME:
Families of 2 or fewer
Families of 3 or more
MAXIMUM HOME COST:
Terms and interest rate of the mortgage loan are set by the Participating Lender, though must be fixed-rate.
Targeted Areas are certain census tracts designated by HUD as underserved in the mortgage loan origination. To view the specific targeted areas, please click here to see a map or to look up a specific address, please enter the property information on the FFEIC geocode website and compare the census tract code provided to the list below.
Census Tract Codes for the MCC program: 6, 7.02, 8, 9.02, 9.03, 9.04, 9.05, 11.01, 14.01, 15, 18, 19.01, 24.03, 35, 36.01, 44.04, 45.03, 45.04, 45.05, 45.06, 68.13, 70.06, 70.37, 70.89, 83.12, 155, 156, 9800
Homebuyer Education is required for all borrowers and a certificate must be obtained through a HUD-approved agency. Please click here to find information on an approved agency.
Denver Colorado area real estate -- Darrick Kizlyk -- Realtor at EXIT Realty DenverTech Center and EXIT Realty Pikes Peak. Darrick Kizlyk is your relocation expert using his training in education, geography, and real estate for Denver, Colorado Springs, and the southern bedroom communities of Parker, Castle Rock, and Monument. Call me for all your sales needs or let me get you into the house of your dreams! Darrick Kizlyk 719-360-3935
With 12 years in public education as a teacher and 3 years as a Realtor, I bring that background to help educate home buyers and sellers along the Front Range from Denver to Colorado Springs and up th....
Latest Blog Posts
|Address:||Denver Tech Center | Cherry Creek | Colorado Springs
DENVER, CO 80206