Colorado Home Loans

Mortgage Blog

At Mountain Financial Mortgage we are committed to helping our customers achieve their financial goals. Our Loan Originators take the time to understand each client's unique financial situation in order to provide the lending solutions that best meet their individual needs. 

303-838-7300

Down Payment Assistance Grant Program

June 6, 2016

FHA Sapphire Homeownership Loan

 

This down payment assistance grant is designed to increase homeownership opportunities for low-to-moderate income individuals and families. The down payment grant is a completely forgiven grant and does not require repayment. Grant funds can be used for down payment and closing costs.

 

 

· Fixed Rate 30-year term

· Down payment grant of 3% or 5%

· Grant for down payment and/or closing costs.

· Grant funds do not require repayment

· Owner Occupied primary residence

· Income limit 115% of Area Median Income 

· Minimum FICO 620

· Maximum Debt-to-Income 45%

· Simple and easy Home buyer Education course

· Maximum loan amount $417,000

 

  

 

Call Teresa Kahler today to learn more 303-838-7300

 

Mountain Financial Mortgage Group, Inc.

Teresa Kahler

Office 303-838-7300

Cell     720-663-8522

teresa@mfmloans.com

www.mfmloans.com

 

Licensed Mortgage Loan Originator  #NMLS 229392/321427

 

 

 

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