What are the Best Loans for First Time Home Buyers?

What are the Best Loans for First Time Home Buyers in Colorado Springs?

What are the Best Loans for First Time Home Buyers in Colorado Springs? The 2 best available loan programs for First Time Home Buyers in Colorado Springs Colorado are VA and FHA loans. If you have VA eligibility, ie. You are current or former military this is the only way you can truly buy a home with no money down. All of the old programs are gone. The only way to buy a home with no money down is through the VA (Veterans Administration) Program. The next best way may be an FHA Loan. This Loan will allow you to buy a home with as little as 3.5% down. There are even allowances for that money to be gifted by a family member if the borrow doesn't have the 3.5% themselves.

We specialize in first time home buyers and would love to help you navigate the waters of home ownership. Please call me at 719 302-1810 or email me at dustin@homescs.com.