SLVHC Down Payment Assistance Program

SLVHC Down Payment Assistance Program es un segundo préstamo diferido para compradores de vivienda en Condado de Multiple (Alamosa, Conejos, Costilla, Mineral, Rio Grande, Saguache), Colorado. The San Luis Valley Housing Coalition Down Payment Assistance Program (general track) is the standard SLVHC DPA offering for income-qualified homebuyers in the six-county San Luis Valley region. Funded through Housing Development Grant (HDG) funds from the Colorado Division of Housing, the program provides a low-interest amortizing second-mortgage loan to cover down payment and closing costs on a primary-residence home purchase. Loans carry a fixed 0-2% interest rate (with broader 1-5% range cited on the SLVHC About Us page across program tiers), are amortized over 5 years or longer based on affordability, and are secured by a Deed of Trust. Buyers contribute as little as $1,000 of their own funds. Loan amounts vary up to $19,500 depending on purchase price. Monthly payments deposit into a Revolving Loan Fund. Borrowers must complete the CRHDC First Time Home Buyers class. SLVHC has expanded its DPA income limits to up to 120% AMI as of July 2025; the lower-tier income range ($79,126-$122,100) reported on DPA One reflects the prior 100% AMI eligibility tier. Low-interest amortizing loan (0% to 2% fixed. range up to 5% per About Us page) for the down payment and closing costs on a primary-residence home purchase in the San Luis Valley. Loan amount up to $19,500. Borrower contribution as low as $1,000 of buyer's own funds. Loans amortized over 5 years or longer based on affordability. Secured by Deed of Trust against the home. Monthly payments deposited into a Revolving Loan Fund. Los fondos provienen de State, HDG (Colorado Division of Housing Housing Development Grant) y Revolving Loan Fund.

SLVHC Down Payment Assistance 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 Monthly amortizing payments per loan note, secured by Deed of Trust against the home y balance due at sale, refinance, or transfer. 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.

SLVHC Down Payment Assistance Program está abierto a compradores de vivienda que vivirán en la vivienda como su residencia principal. Sobre el crédito, el programa indica: Not separately published; subject to underlying first-mortgage lender requirements. Se requiere un curso de educación para compradores de vivienda, a través de Community Resources and Housing Development Corporation (CRHDC) — First Time Home Buyer class, free first Saturday each month (call 589-1680) or online for a fee at https://crhdc.org/. Requisito de residencia: Property must be located in the San Luis Valley (Alamosa, Conejos, Costilla, Mineral, Rio Grande, or Saguache County, Colorado) and used as borrower's primary residence. Property must be borrower's primary residence post-purchase. Borrower must have permanent first-mortgage financing through a lending institution. Borrower must complete the CRHDC 'First Time Home Buyers' class (free monthly in-person or paid online). Loan secured by Deed of Trust. Minimum $1,000 of borrower's own funds toward down payment. Income reviewed annually.

SLVHC Down Payment Assistance Program limita el ingreso del hogar al 100% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. DPA One profile reports income range of $79,126 (1-person, low end) to $122,100 (5-person upper limit, ~100% AMI tier). Current published SLVHC limits as of July 2025 (now extended to 120% AMI) are: 1 person $85,680; 2 persons $97,920; 3 persons $110,160; 4 persons $122,400; 5 persons $132,240. Income limits are updated annually; contact SLVHC for current figures. El límite se aplica al ingreso total del hogar, no solo al del prestatario. 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.

SLVHC Down Payment Assistance Program limita el precio de compra así: Loan amount tied to purchase price of the home; SLVHC DPA loan up to $19,500 maximum. Los tipos de propiedad elegibles incluyen Single-family detached, Townhome y Condominium (warrantable, per first-mortgage overlays). La construcción nueva es elegible.

SLVHC Down Payment Assistance Program atiende a compradores de vivienda que compran en Condado de Multiple (Alamosa, Conejos, Costilla, Mineral, Rio Grande, Saguache), Colorado.

Las solicitudes de SLVHC Down Payment Assistance 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 Direct application to SLVHC; intake handled by DPA Loan Specialist (Jo Manzanares, dpa@slvhc.com). 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.