![]() ![]() We do not include the universe of companies or financial offers that may be available to you.īankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. ![]() But this compensation does not influence the information we publish, or the reviews that you see on this site. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. The offers that appear on this site are from companies that compensate us. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.īankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. Learn more about the 2021 guidelines and program standards, as well as download an application.We are an independent, advertising-supported comparison service. Department of Housing and Urban Development regulations. Most repairs are completed prior to closing. This will address health and safety issues prior to closing. Buyer must acquire at their expense a professional, certified home inspection and submit the complete report prior to the Inspection Deadline for a Housing Quality Standards review.Property has to be located in the City of Commerce City.The purchase price of the property shall not exceed appraised value.Buyers must contribute 1% of their own money towards the sales price, which can include the earnest money deposit, costs for credit report, appraisal, inspection and repairs, etc. Buyer Eligibilityīuyer(s) cannot exceed the HUD maximum gross income limits: Number of family membersīuyers must obtain a fixed-interest rate mortgage and cannot have any property in his/her name for the last three years. Looking to purchase your first home in Commerce City? The Housing Authority can help qualifying first-time home buyers with down payment and closing cost assistance if they successfully complete a Colorado Housing Finance Authority-approved home buyer workshop.įinancial assistance comes in the form of a second mortgage loan for down payment and all allowable closing costs up to $10,000 at 3.5% interest rate with up to a 10 year repayment schedule. Commerce City Housing Authority Homebuyer Program Attend and complete a HUD approved home buyer education class.įor a full list of requirements, qualified lenders, and other program information visit the Metro Mortgage Assistance Plus webpage.Provide 0.5% (one-half of one percent of the total mortgage) to the closing costs.A minimum FICO score of 640 and a maximum debt-to-to-income ratio of 45 percent.A two or fewer person household must earn less than $91,000 and households of three or more, $103,000.The following eligibility requirements must be met to participate: The home must be the primary residence of the home buyer, but they are not required to be a first-time purchaser. The program, administered by the City and County of Denver, provides a competitive, 30-year fixed-rate mortgage down payment assistance grant equal to 4 percent of the mortgage amount to qualifying low and moderate income home buyer families. ![]() Irondale Neighborhood & Infrastructure PlanĬommerce City is a participating jurisdiction in the Metro Mortgage Assistance Plus Program.Rental, Mortgage and Utility Assistance Program.Community Navigation - Homeless Outreach.Community Calendar Submission Requirements. ![]()
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