Middle Income Down Payment Assistance (MIDPA) Pilot Program

Middle Income Down Payment Assistance (MIDPA) Pilot Program es un segundo préstamo diferido para compradores de vivienda en Boulder, Colorado. The City of Boulder's Middle Income Down Payment Assistance (MIDPA) Pilot Program is a deferred-payment second mortgage designed to put middle-income households into permanently deed-restricted, affordable ownership. The loan amount is the lesser of $200,000 or 30% of the home's sale price. The interest rate is 0% with no monthly payments. After 15 years the full principal is due, or it becomes due immediately upon sale, refinance, or transfer of title. In exchange for the assistance, the home is permanently deed-restricted to remain affordable to future buyers. The pilot launched in August 2023; as of March 2026 the City has reported zero applicants and is considering ending the program as soon as June 2026, citing the 15-year balloon repayment and appreciation cap as deterrents. Zero-interest, deferred second mortgage of $200,000 or 30% of sale price (whichever is less) for middle-income first-time homebuyers. Buyer agrees to deed-restrict the home to keep it permanently affordable to future buyers. Total loan amount due back after 15 years or upon title transfer. Los fondos provienen de Local Government y City Affordable Housing Fund.

Middle Income Down Payment Assistance (MIDPA) Pilot Program ofrece una ayuda equivalente al 30% del precio de compra, según lo fija el programa. Aporte del comprador de vivienda: Minimum $2,000 of buyer's own funds toward down payment/closing costs. El programa se puede combinar con otras ayudas, sujeto a las reglas de cada una. Los montos son los máximos publicados por el programa, no una oferta: la agencia que administra el programa determina cualquier ayuda individual.

Middle Income Down Payment Assistance (MIDPA) Pilot Program es diferido, así que no hay pagos hasta que la vivienda se venda o se refinancie, o se termine de pagar la primera hipoteca. El reembolso se activa por Full principal due after 15 years y immediate full repayment due upon sale, refinance, or title transfer prior to year 15. La ayuda se registra con un gravamen en posición 2. Los términos de condonación y reembolso los fija el programa y pueden cambiar; confírmalos en la página oficial del programa antes de presentar la solicitud.

Middle Income Down Payment Assistance (MIDPA) Pilot Program está abierto a compradores de vivienda por primera vez y compradores de vivienda que vivirán en la vivienda como su residencia principal. “Primera vez” tiene excepciones aquí: Divorced applicants within the prior 3 years are exempt from the first-time-homebuyer requirement. Sobre el crédito, el programa indica: Not published by the City; subject to first-mortgage lender underwriting. Se requiere un curso de educación para compradores de vivienda, a través de City of Boulder homebuyer orientation; HUD-approved homebuyer education required. Requisito de residencia: Property must be a market-rate home within City of Boulder city limits and be owner-occupied. Ciudadanía o situación migratoria: U.S. citizen or qualified non-citizen per first-mortgage lender requirements. Buyer must agree to permanent deed restriction keeping the home affordable to future buyers. First-time homebuyer required (no ownership in prior 3 years, divorce exception). One household member must work 30+ hours/week (unless retired or disabled) with 1 year minimum work history within the most recent 12 months. Minimum $2,000 buyer contribution. DTI capped at 42%. Asset max applies. Total bedrooms may exceed household size by no more than one. Active program review in 2026 — City has signaled possible discontinuation due to zero applicants since 2023 launch; verify status with program staff.

Middle Income Down Payment Assistance (MIDPA) Pilot Program limita el ingreso del hogar al 150% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Household income max by size (City of Boulder MIDPA table): 1-person $126,600; 2-person $144,600; 3-person $162,720; 4-person $180,720; 5-person $195,240; 6-person $209,640; 7-person $224,160; 8-person $238,560. These limits exceed 120% AMI Boulder MSA to capture middle-income workforce buyers. Asset max ranges from $158,250 (1-person) to $298,200 (8-person). El límite se aplica al ingreso total del hogar, no solo al del prestatario. El programa indica un tamaño máximo de hogar de 8. Las cifras del ingreso mediano del área las publica HUD y se actualizan cada año, así que consulta la tabla vigente del condado antes de basarte en una cifra.

Middle Income Down Payment Assistance (MIDPA) Pilot Program limita el precio de compra a $1.4M. Los tipos de propiedad elegibles incluyen Single-family detached, Townhome y Condominium (market-rate, owner-occupied). La construcción nueva es elegible. Las viviendas prefabricadas no son elegibles.

Middle Income Down Payment Assistance (MIDPA) Pilot Program atiende a compradores de vivienda que compran en Boulder, Colorado.

Las solicitudes de Middle Income Down Payment Assistance (MIDPA) Pilot Program se tramitan a través de la agencia que administra el programa, que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de Application waitlist via City of Boulder Homeownership Program (first-come, first-served). Hey Prescott no es un prestamista y no acepta solicitudes; esta página describe el programa para que un comprador de vivienda pueda llevarlo a un prestamista o a un asesor de vivienda.