How Can I Get a Down Payment for a House?

One of the most stressful pieces in purchasing a home is the down payment, especially when you are a first time home buyer.  Your down payment can come from many different places, and there are many options out there!  The Storck Team can help you get creative in coming up with your down payment funds, with over 10 years of experience helping new and seasoned buyers alike purchase their new home.  Here is a helpful video which goes over different avenues of collecting your down payment money.  We also have lenders we know and trust who specialize in helping you with down payment assistance that we can refer you to.

 

Tatyana Sturm and The Storck Team have been helping home buyers from first timers to investors around Southeast AuroraCentennial and Parker for the last 10 years in our real estate community.  Our clients and neighborhood are a true passion of ours, and it shows.  If you are considering a move, call The Storck Team at (720) 350-5909 or email us at thestorckteam@exitrealtydtc.com.

Down Payment Assistance – NHF Platimun Program

 

Aaron Storck and Tatyana Sturm-Storck

Aaron Storck and Tatyana Sturm-Storck

The Storck Team is pleased to offer this wonderful opportunity to you.  If you have dreamed of owning a home in Aurora, Parker, Centennial, or anywhere in Colorado you may qualify for this grant.  Call The Storck Team today, let’s talk about your options!

Up to 5% GRANT for down payment and closing costs now available

The NHF Platinum Program is designed to provide down payment assistance in conjunction with the purchase of a primary residence.  Down payment assistance is provided in the form of a grant of either 3% or 5%.  Check out these details:

Program Funds:

  • 3% or 5% grant options available based on first mortgage amount
  • Program funds are available on first-come, first-served basis
  • No repayment of down payment assistance required

 Eligibility Requirements:

  • Occupancy: Principal Residence Only
  • Credit Score: 640 Minimum
  • Debt-To-Income: 45% Maximum
  • Income Limits Apply
  • Loan Limits Apply

 Eligible Area:

  • State of Colorado

Household Income Limit:

(Adams, Arapahoe, Broomfield, Denver, Douglas, Jefferson Counties)

  • $88,205

Mortgage Loan Types:

  • FHA, VA, USDA
  • No Conventional Loans
  • 30 Year Fixed

 Loan Limit:

Lesser of:

  • $417,000
  • Loan Limits Set by FHA, VA, or USDA

 

 

 

First Time Home Buyer? Use these helpful hints to make your purchase a success!

Aaron Storck and Tatyana Sturm-Storck

Aaron Storck and Tatyana Sturm-Storck

Many first time home buyers are having a heck of a time in this market with inventories low, Aurora and other surrounding Denver areas are very much included in this.  Plus living in today’s recent grad world you most likely have student loan debt, making it hard to save up for your down payment.  It is still cheaper to purchase rather than continue to rent, according to experts by an average of 38%.

Read this article for help in how to get there!

10 Easy Ways to Save for a Down Payment

The down payment is often the toughest hurdle to clear when buying a home. Whether you’re opting for a Federal Housing Administration mortgage loan with just 3.5 percent down, or shooting for a conventional loan with 20 percent down, saving for a down payment on your first home can take years. It’s even more difficult to save when you’re juggling rent, living expenses, insurance payments and debt.

Click here for your 10 Simple Ways.


Tatyana:
Aaron: 720-273-7419
Exit Realty


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