Are you a senior looking to purchase a condo in Denver, Colorado? The Denver Department of Housing Stability (HOST) has a Homeownership Program (HOST) that is specifically designed to help qualified residents with low to moderate incomes own homes. Through a partnership with the city, 26% of Denver County is dedicated to providing affordable housing in Central Park. Denver also wants to ensure that homes are affordable for buyers, and the standard of “affordable” is for a household to pay no more than one-third of its income toward paying for a home. To meet this requirement, Denver requires that buyers of affordable homes do not spend more than 35% of their total household income on mortgage payments and Homeowners Association (HOA) fees.
If you are looking for additional assistance with down payment solutions and FHA loans, the Chenoa program is a national affordable housing program that can help. The HOST program provides assistance with down payment and closing costs, as well as homebuyer education classes. The Chenoa program also offers down payment assistance and FHA loans. Both programs are designed to help seniors purchase condos in Denver, CO.
If you are a senior looking to purchase a condo in Denver, CO, there are several programs available to help you. Both programs are designed to help seniors purchase condos in Denver, CO.
