City of Fort Collins Homebuyer Assistance Program

City of Fort Collins Homebuyer Assistance Program is a deferred second loan for homebuyers in Fort Collins, Colorado. City of Fort Collins provides deferred DPA up to $25,000 for first-time buyers purchasing within Fort Collins. 0% interest; no monthly DPA payments. Administered in partnership with Neighbor to Neighbor. Deferred DPA up to $25,000. first-time buyers in Fort Collins. 0% interest. no monthly DPA payments. covers down payment and closing costs. Funding comes from Local Government.

City of Fort Collins Homebuyer Assistance Program is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. Repayment is triggered by Sale, Refinance, and Maturity Date. The assistance is recorded in 2nd Lien position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

City of Fort Collins Homebuyer Assistance Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. The program lists a minimum credit score of 620. A homebuyer education course is required, through Neighbor to Neighbor homebuyer education required; HUD-approved. Residency requirement: State Resident. Citizenship or immigration status: U.S. Citizen or Permanent Resident. Purchase within Fort Collins city limits; income at or below 80% AMI; first-time buyer.

City of Fort Collins Homebuyer Assistance Program limits household income to 80% of the area median income, which varies by county and household size. Income at or below 80% AMI based on Larimer County AMI; household size adjusted. The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

City of Fort Collins Homebuyer Assistance Program can be used for Single Family, Condo, and Townhouse. New construction is eligible. Manufactured homes are not eligible.

City of Fort Collins Homebuyer Assistance Program serves homebuyers purchasing in Fort Collins, Colorado. The program targets specific areas: City of Fort Collins, Larimer County.

Applications for City of Fort Collins Homebuyer Assistance Program go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through First-Come-First-Served. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.