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Real Estate, Real Life in 3 minutes or less: Questions and Answers About Down Payment Assistance in Colorado

Posted by The Team at iHOMES COLORADO on Monday, February 20th, 2017 at 11:38am.

Do you want to know if you qualify for down payment assistance? We will put you in contact with a local CHFA preferred lender who will let you know in less than 24 hours.

Music: "Something Elated" by Broke for Free. Click HERE to listen to it


Today's speakers:
Justen, Gavin, Kris and Maritza

Gavin Monjaras is a Broker Associate at iHOMES COLORADO specializing in helping homeowners sell their homes. He loves helping buyers too. He can be reached at: 720-456-1400 or gmonjaras@ihomescolorado.com

Kris Caldwell is a Buyer's Manager at iHOMES COLORADO and loves helping people find their perfect home. He can be reached at: 720-987-0162 or kcaldwell@ihomescolorado.com

Maritza Escobar is an Associate Broker at iHOMES COLORADO. She is fluent in Spanish and loves helping people find their perfect home. She can be reached at: 303-641-2706 or mescobar@ihomescolorado.com

 

Video Caption Information:

Justen: IHOMES COLORADO, real estate, real life in 3 minutes or less

Today, very exciting topic

Questions and answers

The one thing that I know from all the learnings in life

Is the questions I had when I thought I knew the answers

I find out

That boy was I wrong

And so for many of us when we answer a question that many of us have in real estate which is,

“How much do I need for a down payment?”

Gavin: That’s easy Justen, 20%

Kris: Everybody knows that! 10%!

Maritza: Guys! The typical FHA loan is only 3.5%. However, we have clients that only started with as low as $1,000

Justen: Well, a typical FHA loan is 3.5%, a typical conventional loan is 5% but starting March 6th ,CHFA, which is an amazing program here locally in Colorado, is going to start assisting with upwards to 2 million dollars in grant money for home owners

So when we start saying, “How much money do I need down?”

Many people have started this process with as little as $1,000 and have found their way to get into a home

So when you think about, “Hey, Colorado seems to be a little bit of a market where our home values are rising.”

Well, the good news is that with these programs coming out March 6th, you’ll find out that the real estate game is going to allow you to enter in a way that you can start to win

Kris: “Do I have to pay it back?”

Justen: Gentlemen, with many of the programs you never have to pay the money back

Gavin: “Well, how long will it take to find out?”

Justen: CHFA is a local program and they partner with many of the lenders here in Colorado. You’ll actually find out whether or not you qualify in less than 24 hours!

Gavin: “Well okay then. What do I have to do next?”

Justen: Well gentlemen, that is the most important question

Here is how you hit the bullseye

Click on the link below

And on the iHOMES COLORADO reps will put you in contact with a CHFA preferred lender here in Colorado and you can find out whether or not YOU qualify for down payment assistance in less than 24 hours

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