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  Down Payment Assistance Shared Equity
Program
Assistance
Provided
 5% of the purchase price of the home (Maximum assistance of $15,000) Up to 20% of the purchase price of the home (Maximum purchase price is $300,000)
Repayment Terms Borrowers have a choice of either (a) a 15 year loan term which will carry an interest rate of three percent below the 10-year Treasury Index (but no lower than a 1% interest rate), or (b) a 30 year loan term which will carry an interest rate of one percent below the 10-year Treasury Index (but no lower than a 3% interest rate). Monthly payments begin immediately. *Current interest rates are 1% for 15-years and 3% for 30-years. No interest rate, no monthly payments. The same percentage of investment provided at the time of purchase must be repaid when the home is sold or refinanced. (Example: DCHP loans a borrower 20% of the purchase price. The borrower pays back 20% of the value of the home when they sell or refinance)
Maximum Annual Income Per Family Size    
1 $42,500 $63,750
2 $48,600 $72,900
3 $54,650 $81,900
4 $60,700 $91,100
5 $65,600 $98,300
6 $70,450 $105,750
Borrower Contribution $1,000 $1,000
Requirements

All programs are for first-time homebuyers and require that the borrower be currently living or working within the limits of Douglas County. All borrowers must attend a CHFA approved First Time Homebuyer Education Class..

*Must be a foreclosed property and located in the designated census tract block groups (see map). *The appraised value of the property must be at least 1% greater than the purchase price.

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Douglas County Housing Partnership
9350 Heritage Hills Circle
Lone Tree, Colorado 80124

303-784-7857 Homeownership
303-814-2965 Administration
303-784-7856 Foreclosure Program

 
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