Homebuyer Assistance Program

Homebuyer Assistance Program is a grant for homebuyers in Gunnison County, Colorado. The Gunnison-Crested Butte Association of Realtors (GCAOR, formerly GCBAR) provides homebuyer assistance grants to help first-time homebuyers in the Gunnison Valley, including Gunnison and Crested Butte. Assists local workforce in affording homes in this high-cost mountain community. Down payment assistance grant for Gunnison Valley buyers. assists local workforce and residents. covers Crested Butte and Gunnison areas. Funding comes from Nonprofit and Industry Association.

Homebuyer Assistance Program is structured as a grant, so it is not repaid. Repayment is triggered by None — grant. The assistance is recorded in None — grant position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

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. Residency requirement: County Resident. Citizenship or immigration status: U.S. Citizen or Permanent Resident. Purchase within Gunnison County; income limits may apply; partner with local lender.

Homebuyer Assistance Program limits household income to $124,000. 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.

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

Homebuyer Assistance Program serves homebuyers purchasing in Gunnison County, Colorado. The program targets specific areas: Gunnison County (Gunnison, Crested Butte, Almont).

Applications for 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.