Metro Mortgage Assistance
 
Have you dreamed of owning a home but didn't think you could qualify for a mortgage? The City and County of Denver and the Metro Mayors Caucus announce the Metro Mortgage Assistance program! The City and County of Denver, along with over 20 other front-range cities, is offering a special mortgage assistance program for first-time home buyers with qualifying incomes. The first-time homebuyer requirement is waived if homes purchased are in Target Areas.
Homes may be purchased in the following cities:
- Arvada
- Aurora
- Bennett
- Brighton
- Broomfield
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- Centennial
- Dacono
- Denver
- Edgewater
- Erie
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- Federal Heights
- Frederick
- Golden
- Greenwood Village
- Lafayette
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- Littleton
- Lone Tree
- Longmont
- Louisville
- Northglenn
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- Sheridan
- Superior
- Westminster
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Program Details & Eligibility
First-time homebuyers cannot have owned a home in the past three years (except in "Target Areas"). The first-time homebuyer requirement is waived for qualified veterans.
Maximum Household Income
For homes purchased in non-target areas:
Families of 2 or fewer — $71,700
Families of 3 or more — $82,455
For homes purchased in Target Areas:
Families of 2 or fewer — $86,040
Families of 3 or more — $100,380
Maximum Home Cost
Non-target areas — $365,175
Target areas — $446,325
Interest Rate
30-year-fixed rate at 6.59%
Down Payment Assistance
4% of the home loan amount is offered as a non-repayable grant for down payment and closing-cost assistance. All qualifying borrowers under the program will receive the 4.00% assistance.
Cost to Buyer
At mortgage loan closing, the lender will collect only a 1.00% origination fee and no discount points from the borrower or seller.
Target Areas
To lookup whether a property is located within a Target Area, DenverMaps offers a Real Property report. Simply enter the address, and check "Metro Mortgage Areas" under "Optional Map Layers."
Contact us today for more information! Program available while funds last.
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