A new pilot program in Colorado aims to enhance affordability for first-time homebuyers through a partnership between Oakwood Homes, Nest Home Lending, and the Colorado Housing and Finance Authority (CHFA). The initiative combines a builder-paid interest rate buydown with CHFA’s mortgage loan and down payment assistance programs, offering competitive financing and low down payment options. This collaboration seeks to eliminate financial barriers to homeownership and may expand in the future to include more partners.
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