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Recently, we received a great question, "What down payment assistance programs are available in Colorado Springs?" The man who asked the question said he has a great job and great credit, but is simply short on the cash necessary for a down payment.
After receiving this question, I did some research and found out that 87% of home buyers qualify for down payment assistance! However, for one reason or another, a lot of people aren't choosing to take advantage of it. Many people get discouraged with the process without even taking a look at all the available options.
A big influence on how much you're eligible for is where you live. According to the editor of MyMortgageInsider.com, if you live in Orlando, Florida, you can qualify for up to $42,000 in buyer down payment assistance. In Seattle, you can qualify for $45,000, at 3% interest deferred for over 30 years! Unfortunately, there aren't any deals that sweet in Colorado Springs, but you do have some great options. After talking to some lenders I trust, they informed me of some great down payment assistance programs that require no money down, or very little money down.
Give me a call at (719) 593-7653 to see if you're eligible. Now is a great time to make your move - the supply of homes is growing and interest rates are still incredibly low. Give me a call or shoot me an email with any of your real estate questions. I would love to give you a hand! 