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First Time Home Buyer Programs in Colorado
Mortgage Assistance Loans
Agency - Colorado Housing Assistance Corporation
This loan program offers financial assistance to help eligible, qualified first-time homebuyers cover their down payment and closing costs.
CHFA Mortgage Credit Certificate
Agency - Colorado Housing and Finance Authority
The CHFA Mortgage Credit Certificate (MCC) program will help you save money each year that you live in your home! With the MCC program you can claim up to 20 percent of your paid mortgage interest each year as a tax credit on your federal IRS tax returns. The remaining 80 percent is still eligible for the home mortgage interest deduction.
Every year, you may claim a dollar-for-dollar reduction of income tax liability on 20 percent of the mortgage interest on your first mortgage, reducing the amount of federal taxes owed.
CHFA FirstStep and CHFA FirstStep Plus
Agency - Colorado Housing and Finance Authority
The CHFA FirstStep and CHFA FirstStep Plus statewide Mortgage Loan programs are available to first time homebuyers and eligible veterans. These programs offer affordable interest rates and a 30 year term. CHFA FirstStep Plus includes a 30 year fixed rate second mortgage loan to assist with down payment and/or closing costs.
Borrowers must meet income and purchase price limits, as well as complete a CHFA approved first time homebuyer education class. CHFA FirstStep and CHFA FirstStep Plus loans may be subject to the (CHFA reimbursable) IRS Recapture Tax and may not be used in conjunction with the Mortgage Credit Certificate (MCC) program.
CHFA HomeOpener and CHFA HomeOpener Plus
Agency - Colorado Housing and Finance Authority
CHFA HomeOpener and CHFA HomeOpener Plus are statewide first mortgage programs available to homebuyers. There are no purchase price limits or first time homebuyer requirements, and mortgage loans originated in these programs are not subject to the Recapture Tax provision.
The CHFA HomeOpener Plus program includes the CHFA Second Mortgage Loan to assist with down payment and/or closing costs for a single family property. The programs offers market interest rates.
Featured Government Grant Resources
Achieving the Dream Program for First Time Home Buyers in New York
One of the programs of the State of New York Mortgage Agency, is the Achieving the Dream Program wherein it seeks to provide eligible low income first time home buyers with really low down payment mortgage financing programs.
First Time Homebuyer Programs in Delaware
In the year 1968, The Delaware State Housing Authority was created as a public corporation under the Delaware State Department of Housing. The move was inspired by the need to address the concerns of the people in Delaware who seek homebuying-associated assistance.
Social Entrepreneurship
Spotlight
Social Entrepreneurs Who Don’t Self-Define as Social Entrepreneurs
Village Capital announced the winners of the $50,000 prize awarded to social entrepreneurs who don’t “self-define as social entrepreneurs”. The winners didn’t start out thinking of themselves as social enterprises.
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