Home For Just 1000 Dollars Down

Dated: December 2 2016

Views: 848

Interested in purchasing a home? Don't have a down payment saved yet? There are options for you! CHFA 

loans offering down payment assistance and minimum credit scores to qualify!  Stop paying someone else's 

mortgage and start saving money a lot sooner than you thought!


Whether you are looking to purchase or refinance a home, CHFA Preferred will allow you to benefit from lower 

mortgage insurance on a conventional loan, and requires only a 3 percent down payment or equity 

contribution. If you are refinancing, you can even use some of your equity to pay off a second mortgage used 

to buy your home. And with CHFA Preferred, you have the option to pay all of your mortgage insurance upfront, 

reducing your monthly mortgage payment.

***The CHFA Preferred purchase loan may be paired with CHFA's down payment and closing cost assistance 

programs. Only $1000 dollars down required!!!***


To learn whether you qualify or for more information CALL or TEXT Michael Steffen at 303-981-12750 or EMAIL ColoradoGenerationRealty@gmail.com

Unique Benefits

  • Only 3 percent down payment or equity required* (may be gift funds)

  • An optional CHFA Down Payment Assistance Grant (CHFA DPA Grant) for purchase loans, to help cover down payment, closing costs, and/or prepaids 

  • Closing cost assistance through Borrower Premiums for 1 or 2 percent of your first mortgage loan amount. Higher interest rates apply.

  • Reduced-cost mortgage insurance 

  • The possibility to cancel your monthly mortgage insurance payments once you reach 80 percent loan-to-value

* The term of the loan is 30 years.


Qualifications

Applicants must meet the following minimum criteria*:

  • You must have a mid credit score of 620 or higher

  • Your total borrower income must be within the limits

  • For purchase loans only, additional qualifications include: 

      • You must complete a CHFA-approved homebuyer education class prior to loan closing

      • You must contribute a minimum of $1,000 toward the transaction  


    Denver Colorado Real Estate Professional -Michael Steffen

    Michael is a motivated realtor specializing with investors and new home buyers located in the following areas; DenverArvada,Aurora and surrounding areas. Michael Steffen uses advanced internet marketing to insure your property gets maximum exposure and holds a high value of ethics in his work to ensure the ideal scenario for everyone! For help with buying or selling a property call 303-981-2750!

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Generation Property Group

My name is Michael Ross Steffen. I’m an Exit Realty Cherry Creek Agent in the Denver metro area and Team Leader For Generation Property Group! We specialize in advanced Internet marketing, buying, s....

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