Great Times for First Time Home Buyers in Colorado

Hi! Well, this is my first blog, and I'm a bit nervous. But the news is so good for first time home buyers in Colorado, I just had to share!

CHFA has just announced it's new program, "Jump Start". This program will allow qualified Colorado first time home buyers to leverage the first time home buyer tax credit allowed under American Reinvestment and Recovery Act into dollars needed now to buy that first home. Combined with interest rates that are in some cases as low as 4.875%, and the Denver real estate market that is stabilizing, right now is the best time to buy your first home. To read the complete Denver Business Journal story, please click on this link: http://www.bizjournals.com/denver/stories/2009/04/13/daily22.html

To qualify for the up to $8000 federal income tax credit, you must close on your home by December 1, 2009.

To take advantage of this fantastic program, the first step is to meet with a CHFA approved lender. There is a list of approved lenders, as well as descriptions of other CHFA loan programs, at the CHFA website: http://www.chfainfo.com/

I can also refer you to approved CHFA lenders with whom I have worked and trust.

Whether you plan to buy soon or later this year, meeting with a lender as soon as possible is so important. You really need to have your loan figured out first, then find the house, not the other way around. Plus, if your credit needs some help, a good lender can point you in the right direction to get it fixed so you can qualify.

So don't delay! Time is of the essence! You must close on your home by December 1, 2009 to qualify for the income tax credit and the CHFA Jump Start loan. Unless the tax credit is extended by Congress into next year, this incredible opportunity for first time home ownership will be gone!