Achieve Homeownership with $1,000 Down and Generous Assistance

Embarking on the journey to homeownership has never been more accessible. With our groundbreaking program, you can:

• Secure your new home with as little as $1,000 cash required at closing*
• Benefit from up to $25,000 in down payment assistance*
• Enjoy below-market fixed interest rates*

Minimal Cash to Close

One of the most significant barriers to purchasing a home is the hefty down payment. Our program addresses this by allowing you to close on your new home with as little as $1,000 in cash. This reduction in upfront costs makes homeownership more attainable than ever before.

Substantial Down Payment Assistance

In addition to the minimal cash requirement, eligible participants can receive up to $25,000 in down payment assistance. This substantial support can significantly reduce the financial burden associated with purchasing a home, enabling you to invest in your future with confidence.

Competitive Fixed Interest Rates

Our program offers below-market fixed interest rates, ensuring that your monthly mortgage payments remain stable and affordable over time. This predictability allows for better financial planning and peace of mind as you settle into your new home.

Program Details and Eligibility

To take advantage of this opportunity, consider the following program specifics:

• Interest rates are set by the Colorado Housing and Finance Authority (CHFA).
• The first mortgage is an FHA fixed-rate loan, with maximum amounts determined by FHA county loan limits.
• A silent second mortgage of 4% or $25,000 (whichever is less) of your first mortgage loan is available. This second mortgage requires no monthly payments or interest and must be paid off if you refinance or convert the home into a rental property.
• Maximum income limit of $162,960, based on borrowers on the loan.
• A minimum credit score of 620 is required.
• Maximum debt-to-income (DTI) ratio is based on credit score.
• The property must be used as a primary residence.
• Interest rates cannot be locked until 45 days prior to your set closing date.
• All borrowers on the loan must complete a buyer education class before final loan approval.
• Loans must be financed through loanDepot and are subject to credit approval and market conditions.

Take the Next Step Toward Homeownership

If you're excited about the prospect of owning your dream home with just $1,000 to close, we encourage you to learn more about this program and our available homes. Fill out the form below to get started on your path to homeownership!

Click here to learn more about this special program.

*Terms and conditions apply. Please refer to the program details and consult with a loanDepot representative for more information.