203K loan with down payment assistance
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