QUESTION: Will I owe more than my house is worth with a reverse mortgage, and leave my children with a huge debt.November 4, 2018
QUESTION: I do not have enough to put down to buy a home right now. What options are out there for a middle income person who wants to buy a home?December 1, 2018
There are several ways to put less or minimum down to buy a home in Colorado. If you have served in the military, you may be eligible for a VA loan. VA loans do not require a down payment! Another program used in targeted rural areas is USDA. USDA loans allows you to finance the costs and fees up to 100% of the appraisal value. If you do not fit one of those programs, there are many down payment assistance programs out there. Many are specific to their city/county, but CHFA Colorado Housing Finance Authority covers the whole state. In most cases the minimum needed to buy a home would be $1000.
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