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Updated over 5 years ago on . Most recent reply

User Stats

7
Posts
4
Votes
Chris Desmond
  • New to Real Estate
  • Arvada, CO
4
Votes |
7
Posts

203K loan with down payment assistance

Chris Desmond
  • New to Real Estate
  • Arvada, CO
Posted

Hello - I am looking to buy my first house in Northern Denver area. I will be paying off my student loans by November of this year to open up cash flow. My lease is not up until February 2020. I should have roughly ~$10k saved up by then. Sadly that is not enough for a 3.5% down payment on a single family house in Denver market. Is there a way to combine the 203K loan with a CHAFA/down payment grant? Or try to negotiate a month-to-month and buy when I have enough saved? I'm looking to upgrade a house with solar panels, house hack 1-2 years, then rent out.


Would love to hear people's thoughts. Been educating myself past 2 months with podcasts.

Thanks!

Chris

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