5% down payment assistance grant for home buyers in Aurora CO. You don't have to be a first time home buyer and never have to repay the grant funds! 
http://bit.ly/1m6ksuo

The NHF Platinum in Aurora Colorado is a grant program designed to help home buyers with down payment and closing costs assistance up to 5% of the sales price of the property. 

Unlike many of the other down payment assistance programs in Aurora CO, there is no first time home buyer requirement.  However, you must plan to occupy the home as your primary residence. The CO NHF Platinum program is a grant, not a loan, so it never has to be repaid! http://bit.ly/1oxCKEo

So what's the catch you ask? 

There are a few, but the program does accept many Aurora Colorado home buyers. The main qualifying factor is that there are county income limits for qualifying for the CO NHF Platinum program. Your qualifying income (income used to qualify for the mortgage) must be at or under 115% of the median income in the county where you are looking to buy. Here is a link to the CO NHF Platinum County Loan Limits. http://bit.ly/1m6kCSu

In most of the Denver metro area the 2014 income limit is $88,205, with Larimer County sitting at $84,525 and El Paso County currently at $82,685. 

The program is also has slightly more picky underwriting guidelines in a couple other areas. Debt-to-income ratio, for example, can't exceed 45%. Debt to Income ratio is calculated by dividing your total monthly debt payments including the new mortgage cannot exceed 45% of your gross income. Your credit score must also be higher than many lender have as their normal minimum, a 640 minimum score is required. 

The NHF grant program is only for primary residence home buyers and you can't have a non-occupying co-signer, which can make things a little more tricky especially if you are a first time buyer. 

The 5% grant is available throughout Aurora CO and is available for all common loan programs- FHA, VA, Conventional, and USDA financing. Here is a link to the NHF Platinum website. 

There are several other programs that you are available to use in tandem with the NHF Platinum program. The Aurora Colorado MCC Tax Credit http://www.mcccolorado.com, and the Homes for Heroes program are the two main ones that can save you additional money. The tax credit is for first time home buyers or Veterans, and basically will get you a tax credit of 20% of your mortgage interest for the life of your home loan. Homes for Heroes is a discount program for heroes in our community such as fire fighters, police officers, teachers, and Veterans. 

You must work with an approved NHF Platinum lender in order to receive the 5% grant. We are an approved NHF lender. Call RJ Baxter today to find out if you qualify for this outstanding program!