There are many downpayment assistance programs available through the City, County, and State government.

CHAFA program:                                     State sponsered; A class is required

El Paso County Bond:                              County sponsered; A class is required.

Colorado Springs City Second:                 City sponsered; A class is required.

203 K:                                                     Fedrally sponsered; Bids and rehabilitation required.($5,000 min)

Gold Program, CHAC, Hart, Nehemiah:     Private Financiers; Local and National Companies; Req. vary.

Besides these great programs I also work with every builder in Colorado Springs and almost every one offers incentives (free money) to qualified buyers. Depending on the builder, home model, location, and price of the home, the amount of assistance you recieve may be from $2,000.00 to $30,000.00. This money may be used for down payment, closing costs, pre-paid items (escrow items) or interest rate buy-down. As the builders' preferred independant agent, I am able to get you additional money up to $2,000.00 depending on the builder. This money is avialable now! You must be willing to work exclusivly with me through the closing of your new home to realize this additional incentive. If you are qualified for an $8,000.00 incentive from the builder and I can get you an additional $2,000.00 for a total of $10,000.00 towards the purchase of your new home. Why would you wait?

Ask yourself these questions: 

Can I afford the high price of this home?

Most people ask what the price of their home is and make an instant decision whether they can afford the home. Remember, that it is just as important to break it down into payments rather than what the total price is. You will still be making payments when everything is said and done. Whether you are making rental payments or mortgage payments you still have to have a place to live. Think of it this way: You need to buy a car that costs $30,000.00 but you feel you can't afford it. The salesperson asks, " Do you feel okay with a $500.00 a month car payment? You would probably agree with that salesperson. This is the easiest way to look at the monthly investment rather than the total expense at once.

Should I wait and try to save up more money so it won't be as expensive?

How long can you wait to save up more money to put down on this home? If the home currently costs $180,000.00 and we will say that appeciation is 3% (6% averaged out), this same home will cost $185,400.00 and that is if material and land prices remain the same. Just think, you could spend months even years trying to save up for the down-payment, just to see that it did not matter much in the long run. You need to jump in and start the equity working for you. Right now the interest rates are still the lowest they have been in decades. If the interest increases 1/2 percent that will reduce your buying power by approximatlely $5,300.00. Ironically, the better the economy improves the greater the chances that the Fedral Reserve will increase the interest rates to help slow down any inflation.

To get started contact me to arrange a meeting to see what I can do for you .

We will communicate and evaluate what works best with your specific goals, needs, and situation. We can then go in together to meet and visit with the builder that can accomplish your desires. We will write the offer to purchase, meet with the approved lender and provide all necessary paperwork in a timely manner, and close on your new home with me as your agent. Please fill out the registration form to expedite our partnership.