Smart Start First Time Home Buyers are here for you every step of the way in the home buying process. We are experts in Colorado real estate and down payment assistance programs.

Buying a home is a big commitment. We understand you might feel overwhelmed. A great place to start is to compare the pros and cons of homeownership versus renting, as well as understand the true costs of homeownership.
 
​We also recommend that you sign up for CHFA's Your Road Home monthly eNewsletter for prospective homebuyers. This resource offers an inside look into the homebuying process, including frequently used terms and timely topics.

The Smart Start First Time Home Buyers team is available to assit our clients 7 days a week from 8am-6pm. We are ready to answer all your questions and guide you through the entire process of homeownership.

720-575-8505

info@smartstarthomesusa.com

Yes, each program has different income limits and guidelines. These can vary depending on the program you use and the county you purchase in. Our team of experts will go over all of your options and pair you with the program that most benefits you.

Yes, all borrowers must individually and independently register and complete an approved homebuyer class prior to their mortgage loan closing date. Each borrower must obtain their own certificate of completion. Certificates are valid for 12 months; a borrower must be under contract to purchase a home before expiration of the certificate.

Yes. most programs require borrowers to make a Minimum Financial Investment (MFI) of $1,000 toward the purchase or refinance of the Property in addition to any remaining closing costs or down payment requirements. This contribution can be counted as part of the down payment or toward closing costs required for the loan. Gifts from family members or other eligible sources may be used to meet the Minimum Borrower Financial Contribution.

Smart Start will help pair you with a local lender to inquire about down payment assistance programs. Our lending partners will look at a variety of factors including your monthly income, credit history, and debt level to determine how much you may qualify for. Our lending partners will also work with you to find the best program for your needs.

Yes, the Smart Start Team helps home buyers every day to achieve their goals of purchasing a home. Our team utilizes Colorado's TOP lenders in order to match home buyers with the program that is most beneficial to them in the purchasing process. 

Eligible homebuyers using one of our down payment assistance programs to finance their home purchase can apply the funds to their down payment and/or closing costs. Even if you contribute towards a down payment, you may still use one of the options below.

Down Payment Assistance Grant

Up to 3% of your first mortgage

No repayment required

Second Mortgage Loan

Up to 4% of your first mortgage

Repayment of loan balance deferred until certain events, such as payoff of your first mortgage or the sale or refinance of the home. 

Eligible first-time homebuyers can receive a home purchase loan in Colorado. To qualify for the loan, borrowers must have a credit score of at least 620, complete a homebuyer education class, and contribute a minimum of $1,000. Additionally, the borrower's income can't exceed the CHFA's income limits. Our team are experts in finding the down payment assistance program that most benefits your for your home purchase in Colorado.

Conventional and FHA loans will let you make a down payment as little as 3.5 percent of the purchase price so, on a $600,000 home in Colorado, that would be $18,000. However our team are experts in all available down payment assistance which provide up to 4% towards your down payment and closing costs.

Eligibility

1. Have a 620 minimum credit score.

2.Complete an in-person or online CHFA home buyer education course.

3. Meet income limits, which vary by location and household size.

4. Make a minimum financial contribution of at least $1,000.

5. Meet the qualification requirements of a CHFA participating lender.