Help for buyers in Douglas County 0
If you live or work in Douglas County, CO. there is a great program to help mid to lower income home buyers to get into their first house. It’s called the Shared Equity Program andI have just been informed by Travis Anderson, the Single Family Programs Manager, that they have acquired funding through the rest of 2011. The buyer needs to qualify for an 80% conventional loan and the other 20% will be provided by the program. This 20% is a deferred payment loan but the “Shared Equity” part means that you would agree to give back 20% of the equity when you sell the home so if your property went up in value, you will pay 20% of that value back to the program. It is for 1st time buyers only and there are other restrictions but under the right circumstances this is an excellent way to get 20% more buying power then you would qualify for on your own. Let me know if you have any questions.
Now for another installment of Then and Now:
