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.)