Get $3,600 - $25,000 to Make Homeownership a Reality

Buying your first home can feel overwhelming, but Northern Colorado First Time Home Buyer is here to help! Our program offers down payment assistance, education, and expert guidance so you can navigate the homebuying process with confidence.

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How Much Assistance Can You Get?

4% Zero Interest Loan - Use it for your down payment and closing costs (Repayment only required when you sell or refinance).

3% Grant - A free grant option to ease your upfront costs.

With these financial resources, you can secure your dream home without the stress of high upfront payments.

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We Guide You Every Step of the Way

Understanding Your Mortgage Options - Get expert insights on loan types and choosing the best fit for you.

Budgeting for Homeownership - Learn how to manage costs and plan for a stable future.

Protecting Your Investment - Essential tips on maintaining and growing your home's value.

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Who Qualifies?

First-time homebuyers (or those who haven't owned a home in the past 3 years).

Must meet income and credit requirements.

Looking to purchase a home in Colorado.

If you meet these criteria, you could be eligible for thousands in assistance!

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Get Started Today!

Check your eligibility now - Submit the form above or call/text us anytime at 970.292.7897 to start your homebuying journey.

Still have questions? Check out our FAQs!

Who is considered a first-time homebuyer?

A first-time homebuyer is someone who has not owned a primary residence in the last three years. Even if you've owned Colorado property before, you can qualify for first-time homebuyer programs if it's been more than three years since your last purchase.

Owned out-of-state property? You may still qualify for down payment assistance as a first-time Colorado homebuyer.

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What programs are available for first-time homebuyers in Colorado?

4% Down Payment Assistance (0% Interest Second Mortgage)

• Up to $25K assistance.
• This sits next to your primary mortgage and is not due until you refinance or sell your home or you refinance.
• Offers a lower interest rate, allowing you to afford more house.

3% Down Payment Grant (Free Money!)

• Up to $25K assistance.
• Never has to be paid back.
• Comes with a higher interest rate, meaning you may afford less house.

First-Generation Down Payment Assistance

• Provides $25K in down payment assistance regardless of the home purchase price.

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What is the minimum credit score to receive down payment assistance?

There are options for down payment assistance from 600 and above. If your credit score is lower than 600 we have programs (free and paid) to help you get it to 600.

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How do I know how much house I can afford?

Your affordability depends on:

• Income
• Debt-to-income ratio (DTI)
• Savings

Our in-house lender will work with you to determine how much home you can comfortably afford.

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How much do I need to save to get into a new home?

Typically, around 2% of the home's purchase price for:

• Appraisals
• Title insurance
• Lender fees

The GOOD NEWS:
We can usually negotiate seller-paid closing costs into the contract.

Most buyers only need approximately $1,500 to move in:

• $1,000 required by the loan program.
• $500 for the home inspection.

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What costs should I expect besides the down payment?

Closing Costs:

• Typically around 2% of the home's purchase price (appraisals, title insurance, lender fees).
• Most buyers only need $1,500 due to seller-paid closing costs.

Property Taxes:

• Varies by county and included in your monthly mortgage.

Homeowners Insurance:

• Varies by provider and included in your mortgage.
• You can choose any home insurance provider.

Maintenance Costs:

• Plan for ongoing repairs and upkeep.

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What steps are involved in buying a home as a first-time home buyer?

1. Give the lender approval to get your official credit score. This is soft-pull so it won't affect your credit score.
2. Complete the loan application to determine "how much home" you can afford.
3. Find your perfect home - this is where the fun begins!
4. Complete the inspection with a certified inspector.
5. Lender orders appraisal to verify home value.
6. Close on your home & move in!

Feeling overwhelmed? Don't worry! We'll guide you through every step.

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How long does the homebuying process take?

From pre-approval to closing, it typically takes 30-60 days, depending on:

• Market conditions
• Inspections
• Financing

Once we find your home, it''s usually just 30 days until you move in!

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What is earnest money, and how much do I need?

• Earnest money is a deposit showing your commitment to buying the home.
• We typically put $1,000 earnest money into the contract to minimize upfront costs.
• This amount is credited toward your purchase at closing.

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Can I back out of a purchase if I want to?

Yes, but it depends on the terms of your contract, including:

• Financing
• Inspections
• Appraisals

We are here to help you through the home buying process and your down payment assistance every step of the way. If you have any questions, concerns, or just want to say "hi" please call, text, or email us. We looking forward to making your dream of home ownership come true!

970.292.7897 (call or text anytime)