Down Payment Money

Dated: 03/31/2014

Views: 737

The dollar amount of  down payment assistance will vary with each type of loan. Some programs have relaxed their policies somewhat. Others have very precise guidelines that must be followed.  

Down payment assistance can come from a variety of sources.  It can be gifted to the buyer. The seller may provide for it at closing.  Programs like  HOAP and CHAFA or for example, will require the buyer attend classes, but upon successful completion the programs will provide down payment assistance.
 Some programs assist only first time home buyers. A consumer is considered a first time home buyer if they have not owned a home in the last three years. Other programs will work with non first time home buyers as well as first time home buyers.
Blog author image

Sheryll White

As a Full Time real estate agent for the past 23 years, Sheryll has helped hundreds of home owners in Colorado buy and sell their homes. Sheryll's easy going, no pressure style and her in depth knowl....

Latest Blog Posts

Open House in Fairway Vista in Littleton this Saturday

10679 W Cooper Place, Littleton, COCome see this immaculate & Updated Littleton home! Open to the public Saturday, September 22 from 11 am- 3 pm.  6 Beds, 4 Baths, 3254 Sq Ft. *Appealing

Read More

Open house 8376 Green Island Cir, Lone Tree: 9/21 1-3pm

Beautiful Falcon home in sought after "Fairways" of Lone Tree. As you walk though the doors to this striking home you will see a sweeping staircase the pulls you into the open floorplan. Vaulted

Read More

Take a look at these Capital Hill Homes!

Investors! Peep your eyes on this beautiful Cap hill duplex that just needs a little love. This home features 3 beds and 1 bath with just over 1600 sq. ft! If you are interested in scheduling a

Read More

Fantastic Country Club Remodel, Now Available!

Stunning remodel, Great LocationCome take a look at this fully remodeled home only steps away from Cherry Creek, Denver Country Club, and Washington Park….This two story home was fully

Read More