If you are a first-time homebuyer, you may be eligible for a low down payment and a low interest rate for a 30-year mortgage.
The Metro Mortgage Assistance program offers a 4 percent down payment assistance grant along with a 5.95 percent 30-year mortgage.
David Anthony is one of those benefiting from this program led by the City and County of Denver and the Metro Mayors Caucus.
"This truly is a dream for us, to be able to get into a house, to have some equity and to be able to share those blessings with my family," said Anthony.
He has three girls and one on the way and meets the eligibility of the Metro Mortgage Assistance program.
Eligibility includes family income not exceeding $71,700 for families of one or two persons and $82,455 for families of three or more.
Also, prospective homebuyers cannot have owned a home in the last three years, except in certain targeted areas.
Authorities say 153 families have benefited from the program and cities across the Front Range have contributed $32.5 million in bond issuing capacity to fund the program.
The cities included are: Arvada, Aurora, Bennett, Brighton, Broomfield, Centennial, Erie, Denver, Frederick, Greenwood Village, Lakewood, Littleton, Louisville, Northglenn, Sheridan and Westminster .
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