Get down payment assistance in Parker Colorado! Up to a 5% grant for home buyers. No repayment and no first time buyer requirement! http://bit.ly/1m6ksuo

 The NHF Platinum program helps home buyers in Parker Colorado with down payment and closing costs up to 5% of the sales price of your home. 

 Unlike many of the other down payment assistance programs in Parker Colorado, there is no first time home buyer requirement.  However, you must plan to occupy the home as your primary residence. In addition, the Parker Colorado NHF Platinum program is a grant, not a loan, so it never has to be repaid! 

 So what's the catch you ask? 

 There are a few, but most Parker Colorado home buyers can qualify for the program. 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/1oxCKEo

 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 a little more strict on other qualifying guidelines. Debt-to-income ratio, for example, can't exceed 45%. What this means is that 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 Parker 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. The Parker Colorado MCC Tax Credit, 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. The Homes for Heroes program is a real estate discount program for heroes in our community such as fire fighters, police officers, teachers, and Veterans. http://www.mcccolorado.com

 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!