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If you've always dreamed of owning your own home but didn't think you could afford it, CHFA loans (Colorado Housing and Finance Authority) may make it possible. CHFA’s mission is to strengthen Colorado by investing in affordable housing and community development. They were created in 1973 by the Colorado General Assembly to address the shortage of affordable housing in the state. In 1982, when the Colorado economy was experiencing economic difficulties, C?HFA also began making loans to businesses.????

With a CHFA loan for home purchases, they offer:

• Home purchase and refinance loans
• Down payment assistance
• Closing cost assistance
• Homebuyer education classes???

CHFA's goal is to strengthen communities across Colorado by investing in them: more than $13.2 billion has been invested into Colorado’s economy in the last 43 years. These resources have helped:

• 94,786 ?Colorado homebuyers achieve homeownership;
• 117,528 households attend homebuyer education classes held statewide;
• 62,439 affordable rental housing units be developed or preserved; and
• 4,527 businesses access capital to support 59,793 jobs.???

The images below offer an overview of CHFA, the steps and requirements to obtain a loan, and a breakdown and comparison of the various Quick read more or view full article CHFA loans available.





























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If you'd like to see if CHFA can help you, contact their office on the Western Slope:
348 Main Street
Grand Junction, CO 81501??
970.241.2341
800.877.8450
970.241.9422 (fax)


Source for all info: CHFA website Read Less

A good credit score is one of the most important aspects of buying a home, so the higher your number is, the better. However, some get so excited about the prospect of buying a house that they forget about their credit score until it's time to make an appointment with the lender. If you're thinking of buying a home in Grand Junction at any point in the future, there's several ways to start improving your credit score now so you can get it in top shape by the time house hunting rolls around.
 
Find out your credit score
 
If you want to work on improving your credit score, the first step should be to find out what it is so you know what you're working with. You can obtain it through the three major credit bureaus: Experian, TransUnion, and Equifax.
 
Lower your credit card balances
 
Your debt-to-credit ratio should be 30 percent or less, and the Quick read more or view full article amount of revolving credit you have compared to how much of it is unavailable plays a huge part in your credit score. Start now with lowering your credit card balances, and if possible, pay them off. When you're searching for homes for sale in Grand Junction, those low balances are going to be a huge asset.
 
Pay your bills on time
 
Not only is paying your bills late a detriment to your credit score, but it also racks up expensive fees. Do whatever you have to do – set calendar alerts, use automatic withdrawal, etc – to make sure your bills are paid on time every month.
 
Get late fees removed
 
If you've been a great client with a particular company, but you very recently incurred a late fee because you didn't pay the bill on time, see if you can get it removed. Some companies are willing to give their good clients a break, but only if you ask.
 
Check for errors
 
No one and nothing is perfect, but if you're checking your credit score so you can start searching through Grand Junction real estate, take a look through your credit report first for any errors. If there are any, make sure you dispute them and have a note put on your account about the mistake.
 
Bring your accounts up-to-date
 
If you're behind on any payments, whether it's for a credit card or even with a doctor's office, bring all your accounts up-to-date. For those on which you have limits, such as credit cards, pay more than enough so when you're next charged interest, it won't put you in the red again.
 
Don't close your credit cards

Even if you're not using your credit cards, don't close them out; leave them open. Your revolving credit is important, and closing even one credit card can knock everything out of whack. To make sure the creditor doesn't close the account due to inactivity, every few months or so, make a purchase using that card, just pay the balance off in full at the end of the month.
 
Leave time for it to get better
 
Don't start trying to improve your credit score right when you start looking at homes for sale in Grand Junction. Do it way beforehand so you can continuously improve your score as you get closer to buying the home. You need time to let your credit score get better before you put the number out there.
 
Your credit score is so important when it comes to buying a home, and it's vital if you're applying for a mortgage. Keep trying to better your score long before and while you're searching for real estate Grand Junction so you won't be considered a credit risk and you'll improve your chances of getting approved for the mortgage you want. Read Less