Colorado Housing and Financing Authority (CHFA) is Colorado’s trusted partner for affordable and homeownership that is responsible. Through participating loan providers like American Financing, Coloradans gain access to CHFA house purchase and refinance loans. These loans have actually competitive fixed-rate funding and can offer down payment or closing expense help.
While first-time house purchasers are usually CHFA’s many customers that are frequent with 56% of the 2016 borrowers being Millennials, the agency additionally acts Gen X and multi-generational families shopping for their next house.
As with every true mortgage loan, borrowers can decide where they would like to purchase. There are not any limits to your housing inventory that is specific. The agency claims its loan that is average is $225,000 while noting that numerous borrowers have already been authorized for brand new or near-new $300,000 domiciles. CHFA-backed originations are available through the metro area with Aurora, Denver, Colorado Springs, Thornton, Commerce City and Greeley creating the many amount. Continue reading Colorado Home Buyer Assistance Tools and Alternatives