Several of the families who are preapproved to purchase a home are way below the housing availability in their areas. We will partner with realtors and others in the community to help find fixer uppers, or homeowners who are willing to sell at a reduced cost. The family will be involved in numerous aspects of fixing-up the home. At the same time we will be working with the family towards, “Fixer Upper” of the soul.
“Do not be conformed to the pattern of this world, but be transformed by the renewing of your mind. Then you will be able to test and approve what God’s will is-his good, pleasing and perfect will.” Romans 12:2
Our hope and prayer is to make sure families are living in safe areas. As it stands many live in dangerous neighborhoods and in order to survive, some women allow men to live with them, these being major concerns. Our desire is to provide wisdom and protection for women, singles, and their children.
CHFA (Colorado Housing Financial Authority)
CHFA is a down payment assistance program that partners with certain lenders to help a family get into a home with a low down payment.
A down payment of 3% of the note (a grant with no repayment required) for an applicant with a DTI Ratio of 50% or less. Application fee is $1,000.
Applicant must have a FICO score of 620 or higher.
Lenders will help in all aspects of the loan and credit score repair.
Rapid Rescore can bring an individuals credit up 18 points within 2-weeks. Cost is $30.00 per account. This cost can be rolled into the loan.
Credit Repair Program is $69.00
El Paso County Colorado Single family “Turn-key” Mortgage Program
This program provides a competitive 30-year fixed-rate mortgage with a down payment assistance (DPA) grant equal to 4% of the mortgage.
FICO scores need to be between 640 and 659. Mortgage rate is 4.37%. Maximum income is $88,680 for 2 or less people in family and $103,460 for 3 or more.
Maximum purchase price is $312,368.
El Paso County families are eligible. This program can be used jointly with Mortgage Credit Certification (MCC) Programs.