Colorado Best time yo buy House is now

You want to buy the house, but you do not have enough money?

1st Time House Buyer. Then you’ll be interested to know that there is a program that allows a family of moderate income to prepare their finances to become owners of their own home and even get a contribution of up to $ 7,500 for their early and closing costs.

The program for first home buyers is accessed through one of the member institutions dFederales. Many banks are attached and can offer the benefit.

“The program for buyers for the first time provides help in the early payment and closing costs for those who buy for the first time”, the bank should be consulted on the definition of a first-time buyer because, for different situations, they qualify homes that have had a transaction of sale years ago.

Colorado, First time home buyer

The applicant family, if accepted to the program, agrees to take financial counseling, which is offered free of charge. You have a good time to complete the transaction and you must have an income that does not exceed 80% of the median of your area.

In order not to have to return the subsidy, “it is a requirement that the buyer stay in the house for five years,” he said. The proprama is applicable for houses, apartments and units in housing cooperatives.

The most rigorous process is given at the time of the request, to ensure that they comply with each and every one of the requirements.

However, if for some reason they have to withdraw “there are no restrictions on how many times they can re-enter the program and, although they obviously do not have access to the pareo, they do not lose the deposited funds.

“To help offset the high cost of housing, buyers are encouraged to use more than one grant source.”

Esto implica que si la familia cualificada tiene acceso al programa HOME y otro programa de subsidio – como por ejemplo para la construcción rural -, no choca con su elegibilidad a FHC.