fbpx

Turnkey Mortgage Program

Colorado

Available Assistance

In addition to a 30-year, fixed rate mortgage, Colorado’s Turnkey Mortgage Origination Program offers eligible applicants a down payment assistance grant up to 4 percent of the mortgage amount.

Eligibility Requirements

Unlike most down payment assistance programs, there is no first-time homebuyer requirement, nor a federal “recapture tax.” However, there are other requirements that borrowers must meet to be considered eligible. The program is open to qualifying borrowers throughout El Paso County, including Colorado Springs. Applicants must have an annual household income that falls within the program’s set limit of $108,920. Their debt-to-income ratio must not exceed 45 percent, and they must have a credit score of at least 640 to receive the 4-percent grant. Applicants with FHA loans and credit scores between 640 and 659 will receive a 3 percent grant. Borrowers financing their home with a Freddie Mac HFA Advantage Conventional Loan are required to attend a homebuyer education course.

Property Guidelines

None

80001800028000380004800058000680007800108001180012800138001480015800168001780018800198002080021800228002380024800258002680027800308003180033800348003580036800378003880040800418004280044800458004680047801018010280103801048010580106801078010880109801108011180112801138011680117801188012080121801228012380124801258012680127801288012980130801318013280133801348013580136801378013880150801518015580160801618016280163801658016680201802028020380204802058020680207802088020980210802118021280214802158021680217802188021980220802218022280223802248022580226802278022880229802308023180232802338023480235802368023780238802398024180243802448024680247802488024980250802518025680257802598026080261802628026380264802658026680271802738027480281802908029180293802948029980301803028030380304803058030680307803088030980310803148040180402804038041980420804218042280423804248042580426804278042880429804308043280433804348043580436804378043880439804408044280443804448044680447804488044980451804528045380454804558045680457804598046180463804658046680467804688046980470804718047380474804758047680477804788047980480804818048280483804878048880497804988050180502805038050480510805118051280513805148051580516805178052080521805228052380524805258052680527805288053080532805338053480535805368053780538805398054080541805428054380544805458054680547805498055080551805538060180602806038061080611806128061480615806208062180622806238062480631806328063380634806388063980640806428064380644806458064680648806498065080651806528065380654807018070580720807218072280723807268072780728807298073180732807338073480735807368073780740807418074280743807448074580746807478074980750807518075480755807578075880759808018080280804808058080780808808098081080812808138081480815808168081780818808198082080821808228082380824808258082680827808288082980830808318083280833808348083580836808408084180860808618086280863808648086680901809028090380904809058090680907809088090980910809118091280913809148091580916809178091880919809208092180922809238092480925809268092780928809298093080931809328093380934809358093680937809388093980941809428094680947809498095080951809608096280970809778099580997810018100281003810048100581006810078100881009810108101181012810198102081021810228102381024810258102781029810308103381034810368103881039810408104181043810448104581046810478104981050810528105481055810578105881059810628106381064810678106981071810738107681077810818108281084810878108981090810918109281101811028112081121811228112381124811258112681128811298113081131811328113381135811368113781138811408114181143811448114681147811488114981151811528115481155811578120181210812118121281215812208122181222812238122481225812268122781228812308123181232812338123581236812378123981240812418124281243812448124881251812528125381290813018130281303813208132181323813248132581326813278132881329813308133181332813348133581401814028140381410814118141381414814158141681418814198142081422814238142481425814268142781428814298143081431814328143381434814358150181502815038150481505815068150781520815218152281523815248152581526815278160181602816108161181612816158162081621816238162481625816268163081631816328163381635816368163781638816398164081641816428164381645816468164781648816498165081652816538165481655816568165781658

0%
You Are Almost There! Thanks For The Support 😄

Get Pre-Approved Today With A Lender That will WORK FOR YOU!

0%
You Are Almost There! Thanks For The Support 😄

Get Your FREE Credit Score!

Confirm your credit scores to get your grant results, absolutely free and no effect on your credit.

0%
You Are Almost There! Thanks For The Support 😄

Get financial support for you and your family!

Be sure to take advantage of exclusive resources and benefits for you and your family below!

0%
You Are Almost There! Thanks For The Support 😄

See your state housing grant programs!

There is plenty of money available to help pay for rent, bills, and utilities.

0%
You Are Almost There! Thanks For The Support 😄

Find Business and Education Grants!

There are plenty of govt grants to pay for a new business or education.

0%
You Are Done! Thanks For The Support 😄

Here are your Results!

Learn more about your state’s grant programs or go back to take advantage of today’s offers and benefits! Also be sure to check your email daily for our exclusive money hacks and newsletter updates.