- Credit score Standards – All the fund contained in this system wanted Fico scores higher than or equivalent to 640 for everybody individuals towards software.
- Homebuyer education – All of the homeowners need certainly to complete a good pre-get homebuyer education movement inside system. The education needs is found because of the probably one to-on-one guidance as the considering from the community of certified Colorado Statewide Homebuyer Degree Organization, HUD-approved guidance businesses, on-line counseling considering compliment of financial insurance firms and/otherwise HUD, Fannie mae, or Freddie Mac. This new certificate regarding achievement must be as part of the participating lender’s loan pick file and you may conformity file to satisfy this specifications.
Domestic Sweet Colorado Home loan System
This option can be found getting Colorado homeowners that have lower-to-moderately-lowest revenue.