CHFA Jumpstart Program
May 12, 2009 by Bob Schenkenberger · Leave a Comment
The Colorado Housing and Finance Authority (CHFA) recently unveiled a fabulous First Time Home Buyer program. The JumpStart Program is an initiative that will effectively utilize the $8000 Federal Tax Credit to the REAL BENEFIT of first time home buyer’s.
The program offers buyers a 30 year fixed interest rate mortgage, and a $6000 second to be used for down payment and closing costs. The beautiful thing here is the second mortgage is at 0% interest. Yes, you heard me right, FREE MONEY! Additionally, no payments are due on the second until June 30th, 2010. The structure of this financing arrangement allows buyers to pay off the second with their federal tax credit!
The true effect of this program is that it gives buyers the ability to take advantage of the most affordable home market in decades!
Contact the Get Home Denver Team, and we’ll help you take advantage of this program!
To read the full details, click here.
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Bob has been an active REALTOR for 18 years. During this time, he has closed over 500 transactions, and has been the broker of record for 1000's more. Bob can be reached via email (bob@gethomedenver.com) or phone (303.770.1180.)
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