HomesFund, a Durango-based nonprofit serving southwestern Colorado, is expanding the Impact Lending Program (ILP) to Archuleta County. ILP is providing $15,000 in mortgage assistance to eligible low- and moderate-income home buyers in Archuleta County. The $15,000 provided through the ILP is in addition to the existing accessibility loan program through which HomesFund provides mortgage assistance loans of $19,000. When accessing both programs, eligible low- and middle-income homebuyers can get $34,000 in mortgage assistance loans from HomesFund when buying a home in Archuleta County.
To access HomesFund mortgage assistance, all potential buyers must first attend a homebuyer education course and receive housing advice.
Our next class in Pagosa Springs will be this Saturday, July 24 at the Ross Aragon Community Center from 8:30 a.m. to 4:30 p.m., with a one hour break for lunch. The course is $15.00 which covers the cost of the workbook. The course is a great way to gauge your willingness to buy, as well as learn about the different stages of buying a home.
We know that when you live and work in beautiful Southwestern Colorado, it’s hard to find a home you can afford. HomesFund offers several mortgage products to help you realize your dream of home ownership.
HomesFund’s mission is to build diverse and resilient communities by supporting the development of affordable housing programs and empowering residents with the financial resources and educational tools needed to access homeownership in Southwestern Colorado. HomesFund has served area families for over 10 years, graduated over 2,000 people through homebuyer education courses, and provided financial assistance to over 300 families.
The July 24 class meets the requirements for the following types of loans:
- All CHFA Mortgages
- HomesFund Down Payment Assistance (Available in La Plata, Montezuma, Archuleta, San Juan (CO), and Dolores Counties)
- habitat for humanity
- USDA direct
Homeownership education courses are offered to anyone who wants to prepare for homeownership. Some customers are required by their first mortgage lender or down payment assistance provider to complete a homebuyer education course. If your mortgage lender or down payment assistance provider requires you to take a homebuyer education course, it is very important that you register and take the correct homebuyer education course that will meet your needs. the specific loan requirement. Please ask your lender what type of loan you have and enroll in the corresponding homebuyer education class. If you have any questions or are unsure of which class to register for, please call HomesFund at 970-259-1418 before registering.
Students will be required to wear masks and social distance in the classroom.
If you don’t feel comfortable with the in-person class, we still offer the Online version of Ehome America of the homebuyer education class, free of charge.
Learn more about HomesFund.org or by calling 970-259-1418.