Did you know there were Conventional Loans with 0% down?! I’ve got two:
Metro Mortgage Assistance Plus:
- Conventional 3% Down (I thought you said 0% down!? I did, check out the next line)
- Grant for 4% of Loan Amount
- No minimum cash investment by borrower (in the case of the rare seller paid closing costs)
- Income Limits Apply (1-2 People: $95,880, 3+: $111,860)
- Geographical Restrictions – for more details visit http://www.ehousingplus.com/available-programs/colorado/city-and-county-of-denver/
CHFA Preferred Plus:
- Conventional 3% Down
- Grant for 3% of Loan Amount (so not quite $0 down, but very close)
- $1,000 Minimum cash investment by borrower
- Income Limits Apply (Denver Metro: 1-2 People: $79,900, 3+: $91,800) – Vary by county
- Available statewide
Great options for the buyers you have that are limited on funds but have good credit and can qualify for conventional financing!