Denver's homebuying program raises income limits


Good news for low and moderate income homebuyers in Denver.

The city's Metro Mortgage Assistance Plus program has increased their income limits for down-payment and closing cost grants. The new income limit is $100,680 for a household of two and $117,460 for a family of three or more. (There are other qualifications you must meet. See them here.)

For those keeping score at home, those limits are nearly $20,000 higher than the Colorado Housing and Finance Authority's income limits.

The increase comes as mortgage rates are set to increase and forecasts call for a double-digit increase in Denver home prices in the coming year.

(UPDATE: CHFA just updated their income limits as well.)


powered by Brokers Guild

789 Clarkson St.

Denver, CO 80218

-----

1225 E. Platte Ave.

Colorado Springs, CO 80909

  • Facebook - Black Circle
  • YouTube - Black Circle
  • Instagram - Black Circle

ERIN SPRADLIN

719.491.4949

erin@erinandjamesrealestate.com

JAMES CARLSON

720.460.1770

james@erinandjamesrealestate.com