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.)

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