Someone told me that first time home buyers can qualify for bond money to put towards a down payment or closing costs; provided you earn less than a given threshold. I live in Colorado and am looking to buy my first house. Does anyone have some knowledge you can share on this subject. Thanks!
I believe such money is often administered through your local “Community Housing Development Organization” (CHDO). This may be the same as a local “Community Action Project.” I can’t seem to find a list handy of CHDOs in Colorado. However, money is also certainly available from the Colorado Housing & Finance Authority. These folks can certainly tell you what money they’ve got available, and what other sources and programs are out there.