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

QUESTION: I live in Colorado and want to know how much down do I need to buy a house. I know there are programs out there, but not sure which is the best one for me.

Happy Family on Their Front Porch


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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