Affordable Monthly Payment
Build Equity
Customize Your Home
Buy Your First Home
Down Payment Myths
You don’t need a 20% down payment to buy a home. Conventional loans start as low as 3% down, and FHA loans start at 3.5%. You can put down less or add more if you have the funds.
First-time home buyers can use:
- Savings
- Cash Gift
- Assistance Programs
- 401K Loan
What You NEED
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A credit score of 580 for an FHA loan. 620 to qualify for a conventional home loan.
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Household income that can support mortgage payments. Affordability Calculator
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A modest down payment of at least 3% or a down payment assistance program.
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Funds for closing costs.
What You’ll GAIN
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Your own domain – You decide when to move, not a landlord who suddenly decides to sell.
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Affordable monthly payments – Set loan payments, no more unexpected rent increases or change without notice.
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Build equity fast – Prices in Denver forecast to rise by 17.5% in 2022.
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More Net Worth – Homeowners average 80x net worth than renters.
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Tax benefits
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Pride of home ownership
First Time Homebuyer Programs
Down Payment Assistance Programs and Home Loans
Down Payment Assistance Programs and Home Loans
The Colorado Housing and Finance Authority (CHFA) provides first time homebuyer programs.
CHFA Loan Programs
- CHFA fixed-rate mortgage
CHFA Down Payment and or Closing Cost Help
- Grant
- Second mortgage (not due until the property is sold or is no longer your primary residence)
Noteworthy: Most first time homebuyers opt for a conventional rather than a CHFA/FHA loan program to avoid lifetime FHA mortgage insurance.
Loan Amount
Loan amounts vary based on income, monthly debts, down payment, and credit.
Closing Costs
Pay closing costs at your home buyer closing appointment by certified check or wire (requires bank account and routing number). Includes your mortgage down payment and closing cost fees.
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So happy we used Nathan! Some family members recommended him and we are glad they did. He went above and beyond to get us the best deal possible with our loan. Nathan was very knowledgeable and able to get us the best possible loan terms … More imaginable. The title company was even surprised with how great of a deal we got.Even though our home buying experience was filled with bumps and deals falling through for months on end, he was easy to get a hold of and made us his priority every time we needed him. Nathan was always our advocate and the #1 person on our side through this process. Highly recommend!
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Nathan was able to help us acquire financing for several properties for investment as well as our personal home. Being a business owner, this is no easy task. Everything was done on time and at a great rate. I would not hesitate to … More recommend Nathan to all my friends and family.
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We cannot recommend Nathan's work enough - he takes the time to make his clients comfortable and educated in the mortgage process. He is always quick to respond and extremely professional. We worked with Nathan on the purchase of our … More first house, so we knew very little about the entire process. Nathan took the time, in multiple meetings, to walk us through step by step to understand not only the high-level steps but all the details, including terms and calculations, to make sure we could make an informed decision on what we could comfortably afford. We knew he was an invaluable resource in the first 15 minutes we worked with him and never regretted the choice. I have already recommended Nathan to friends and family who are very pleased with his work.
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We are very happy with our new mortgage! The process was quick, efficient and relatively painless. Everyone we dealt with was really responsive and professional. You have a great team and we will definitely recommend you to anyone we … More know who is thinking of refinancing.
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Everyone was very nice, quick to respond and answer any questions. Staff is very knowledgeable and professional. As stressful as buying a new home is they made it as smooth and quick as possible! I highly recommend them!Thank you
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Very friendly and informative. Quick and responsive to any issues or questions that arose. The entire team was professional, helpful and polite. Great experience!
Free Consult
Ready to buy a home or curious about the home buying process? Fill out the form below to request a free no-obligation consult with our mortgage Lakewood team.