5% down payment assistance grant for home buyers in Colorado. No first time home buyer requirement, and no requirement to repay the grant funds! http://bit.ly/1m6ksuo

The NHF Platinum program helps home buyers in Fort Collins Coloradowith down payment and closing costs up to 5% of the sales price of your home. 

 The home you are purchasing must be your primary residence, but unlike many other down payment assistance programs, there are no first time home buyer requirements. In addition, the Fort Collins ColoradoNHF Platinum program is not a loan, it'a a grant, so never has to be repaid! 

 What's the catch you ask? 

 There are a few, but the program does accept many Fort Collins Coloradohome buyers. The main qualifying factor is that there are income limits for qualifying for the 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/1oxCKEo

 Most of the Denver metro area has a 2014 income limit of $88,205.  Larimer County sits at $84,525 and El Paso County is currently at a $82,685 limit. 

 The program is also has slightly more picky underwriting guidelines in a couple other areas. Debt-to-income ratio can't exceed 45%.  That number is high for most non-HNF programs. Debt to Income ratio is calculated by dividing your total monthly debt payments including the new mortgage cannot exceed 45% of your gross income. Credit scores are also set at a 640 minimum. 

 Only first time buyers can qualify for the NHF Platinum program 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 the state of Colorado.  Most types of primary mortgage financing are eligible- FHA, VA, Conventional, and USDA. Here is a link to the NHF Platinum website. http://bit.ly/1m6kCSu

 There are many other programs that you may be able to use in tandem with the NHF Platinum program. Two which we are involved in are the Fort Collins ColoradoMCC Tax Credit, and the Homes for Heroes program. 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. http://www.mcccolorado.com

 NHF Platinum is only available to approved CO lenders. We are an approved NHF lender. Call RJ Baxter today to find out if you qualify for this fantastic program!