Your Road Home: CHFA Homeownership eNews

how to build your homebuying team

Homeownership is possible, especially if you build the right team. Below is a suggested list of team members:

1. You!

As the “team captain,” you get to choose your team of homebuying experts—the right team will help you make informed decisions, helping you feel more confident and comfortable as you move forward.

2. Housing counselor

A housing counselor is your expert in all things homebuying. They can help you repair and build credit, sort your finances to get ready, and offer one of the greatest services—homebuyer education. CHFA partners with housing counseling agencies to sponsor homebuyer education across the state. View our providers here.

3. Mortgage lender

A mortgage lender is an expert that can help you determine how much you can afford and what loan types and programs are best for you and your family. A lender will also help you choose down payment assistance, if needed. CHFA recommends you interview at least three mortgage lenders.

4. Real estate professional

A real estate agent should help you find homes that meet your must-have requirements while staying within your budget. A real estate agent will set up showings, provide market analyses for competing and sold listings, prepare offers, and handle basic negotiations on properties. You may also consider them your go-to resource for questions regarding neighborhoods, area amenities, the purchase process, and various paperwork.

5. CHFA

We can be a valuable member of your homebuying team throughout the homebuying process. We promote responsible homeownership by sponsoring homebuyer education and setting income limits to ensure our programs offer support to those who most need it. We also promote affordable homeownership by offering down payment assistance loans and grants, and accepting credit scores of 620 or above. Learn more here.

Having the right team can make all the difference. Take your time to find the housing professionals that are the right fit for you, and please reach out if you have any questions. We are here for you, every step of the way.

chfa launches interactive "homebuyer's roadmap"

Check out CHFA’s new Homebuyer Roadmap to learn streamlined information about the homebuying process. This online, interactive resource features stops on the homebuying journey that highlight various aspects of buying a home, and you can click on links to additional online resources if you want to dig deeper into certain topics.

Follow the stops in order or “choose your own adventure” by selecting the stop of most interest based on where you are in the homebuying process. At the end, you’ll find links to resources to stay engaged with CHFA, including Homebuyer 101 workshops and Help for Homebuyers.

With this interactive resource, CHFA hopes to engage homebuyers on every step of your journey, helping you feel more informed about the holistic homebuying process, while delivering readily accessible answers to your most pressing questions.

Free CHFA webinar

Attend a free, one-hour webinar to learn the steps to homeownership and about CHFA’s homeownership programs.

Learn more

Online resources

Learn more about and prepare for homeownership:

Help for Homebuyers

Mi Hogar

Colorado Housing and Finance Authority

www.chfainfo.com

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