Colorado Housing and Financing Authority (CHFA) is Colorado’s trusted partner for affordable and homeownership that is responsible. Through participating loan providers like United states Financing, Coloradans gain access to CHFA house purchase and refinance loans. These loans have actually competitive fixed-rate funding and can offer advance payment or closing expense support.
While first-time house purchasers are generally CHFA’s many regular clients, with 56% of the 2016 borrowers being Millennials, the agency additionally acts Gen X and multi-generational families to locate their next home.
As with every true mortgage loan, borrowers can select where they would like to purchase. There aren’t any restrictions to your housing inventory that is specific. The agency states its loan that is average is $225,000 while noting that lots of borrowers were authorized for brand new or near-new $300,000 houses. CHFA-backed originations are found through the metro area with Aurora, Denver, Colorado Springs, Thornton, Commerce City and Greeley creating the volume that is most. Continue reading “Colorado Residence Buyer Assistance Products and Options”