CONVENTIONAL HOME LOAN PROGRAMS:
Conventional Mortgage: Mortgage loans that are not Government Insured. Minimum 3% down-payment required (in most cases), maximum loan amount of $417,000, no income or geographical restrictions, can purchase 1 – 4 unit homes, and owner and investor financing allowed. Underwritten to Fannie Mae (FNMA) and Freddie Mac (FHMLC) guidelines.
HARP Refinance Program: Government Program allowing for Homeowner’s who are already in a FNMA or FHMLC owned loan to easily refinance even if the home is worth less than the outstanding loan
Fannie Mae HomePath Program: Fannie Mae Program for Buyer’s purchasing a FNMA owned property
GOVERNMENT HOME LOAN PROGRAMS:
FHA Insured Home Loan Programs: Flexible Qualifying, 203k Rehab Loans, Streamline Refinance Programs, Good Neighbor Next Door Program, and HUD $100 Down-payment Program
VA Loans: 100% financing available, no mortgage insurance required, IRRRL Streamline Refinance Program with no income, no assets, no appraisal.
USDA (Rural Development Loans): 100% financing available, however income and geographical restrictions apply.
DOWN-PAYMENT & CLOSING COSTS ASSISTANCE PROGRAMS:
Colorado Housing and Finance Authority (CHFA): Down-payment and closing cost assistance, MCC Tax Credit Program , 3% down-payment with no mortgage insurance program. Income and Purchase Price restrictions apply.