The Shared Equity Finance Program is a non-amortizing deferred second position lien. Through this program, DCHP provides funding for up to 20% of the purchase price for a maximum of $25,000.00. This financing take the form of a shared equity agreement in which DCHP is paid 20% of the sales price or appraised value upon sale or refinance by the borrower. In order to qualify for this program borrowers must meet all of the requirements for Down Payment Assistance as well as qualify for a conventional first mortgage.
Funds for this program are limited. Please contact the Programs Manager for information. 303-784-7857