Loan Programs

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.