As a chartered member of the NeighborWorks® Network, NeighborWorks® of Pueblo has partnerships with participating lenders that allow you to finance your first mortgage at a significantly lower rate than the current conventional loan rate. These lenders handle the processing and underwriting of the loan, then recover their funds from NeighborWorks® of Pueblo’s investors. Our long-term partnerships with local lenders means that you will get the lowest interest rate available.
Gap Financing -- A program that helps low to moderate income families with down payment and closing costs.
One of the most critical steps toward purchasing your home is meeting with the mortgage lender of your choice and determining the amount of first mortgage financing for which you qualify. It will be up to you to pay for the down payment and closing costs. But what if you don't have the money?
This is where NeighborWorks® of Pueblo can help you!
If you fall in the low to moderate income category, you may qualify for down payment and closing costs assistance. In many cases, NeighborWorks® of Pueblo can provide families with no payment and/or low-interest rate mortgages to help with down payment and closing costs.
NeighborWorks® of Pueblo's down payment and closing costs assistance program is very flexible. NeighborWorks® of Pueblo can stretch the term of the loan so that your monthly payment is affordable. |
