MUST
be able to contribute $1,000 towards the purchase
(cannot
be borrowed or be a gift).
Secure a
first mortgage. All loans MUST be a 30 year fixed loan.
Reside in Douglas County
12 months prior to closing or work in Douglas County
at least 20 hours per week
Be a “First-Time
Homebuyer” (No ownership in a home in the past
3 years, Single parent that has owned prior with a
spouse, or a displaced homemaker.)
Back-End ratio under 45%
Borrowers must show an
acceptable credit history. A letter of explanation
for all adverse accounts (bankruptcy, collections,
late payments, etc.) is required.
The home
MUST be used as a “primary residence” and
be located in Douglas County (the home cannot be “renter
occupied” at the time of purchase).
Potential
borrower MUST meet with DCHP and receive “Income
Certification Letter” prior
to signing a sales contract.
$100 application
fee
Douglas
County Housing Partnership
9350 Heritage Hills Circle
Lone Tree, Colorado 80124
303-784-7857 Homeownership
303-814-2965 Administration
303-784-7856 Foreclosure Program
