Where should I go to get pre-approved if I am a first-time homebuyer?
Online you can find lots of lists on what you should do, these are not a bad place to start but they can’t tell you the whole story. The truth is that the loan qualification process is complex and to add to the uncertainty, constantly changing.
For instance, many contain “Save for a down payment” but they don’t tell you how much or how much is right for you in your situation. Your situation is unique and matching you with the right programs takes knowledge of different lenders, program types, restrictions, features, in short, a professional will save you lots of time, energy and stress.
There are also in the Denver area several organizations like CHFA and CHAC among others who specialize in helping you with down payment assistance if you qualify.
The truth is that the government wants you to become a homeowner because they believe that’s good for the country, and Lenders want you to be able to buy because they’re in the business of making loans!! That’s good news! Our job is to make it easy for the Lenders to say yes to you! The challenge is to make it easy for them to say yes to you.
