The Turnkey Mortgage Origination Program offers low to moderate income homebuyers of El Paso County a 30-year fixed-rate mortgage that comes with a down payment assistance grant of 4 percent of the mortgage amount.

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Turnkey Mortgage Program

Financial Assistance for Homebuyers in Colorado

Colorado’s Turnkey Mortgage Origination Program offers low to moderate income homebuyers of El Paso County a 30-year fixed-rate mortgage that comes with a down payment assistance grant of 4 percent of the mortgage amount. Eligible borrowers must have a maximum annual income of $88,680 in the case of a one- or two-person or fewer household, and $103,460 for a family of three of more.

As of August 10, 2016 the Government loan mortgage rate is 3.875%, and the Conventional mortgage rate is 4.25%. This rate will change occasionally to stay competitive with the market. Since the Turnkey program’s beginning in January, 2012, there is no set “end date,” and the mortgage & DPA funds are continuously available to participating lenders and eligible homebuyers.

There are a number of lenders participating in Colorado’s Turnkey program:
  • Academy Mortgage
  • Air Academy Federal Credit Union
  • American Pacific Mortgage Corporation
  • Axia Financial, LLC
  • Bay Equity, LLC
  • Caliber Home Loans
  • Cherry Creek Mortgage
  • Churchill Mortgage Corporation
  • Citywide Home Loans
  •  Cornerstone Home Lending
  • Ent Credit Union
  • Envoy Mortgage
  • Everette Financial, Inc., dba Supreme Lending
  • Fairway Independent Mortgage Corporation
  • Farmers & Stockmens DBA CB&T Mortgage
  • First California Mortgage
  • First Mortgage Company
  • Franklin American Mortgage Company
  • Georgetown Mortgage, LLC
  • Guild Mortgage Company
  • HomeBridge Financial Services, Inc.
  • Ideal Home Loans, LLC
  • Integrity Mortgage & Financial, Inc.
  • LeaderOne Financial Corporation
  • LoanDepot.com (fka iMortgage)
  • Midland States Bank
  • Moria Development, Inc. dba Peoples Mortgage Company
  • Mortgage Solutions of Colorado, LLC (dba Freedom Financial Services)
  • New American Funding (dba of Broker Solutions, Inc.)
  • Nova Financial & Investment Corp. (Nova Home Loans)
  • On Q Financial, Inc.
  • Peoples Mortgage (Peoples National Bank)
  • SWBC Mortgage Corporation
  • US Bank Home Mortgage
  • WR Starkey

Down Payment Grants in Colorado

The Metro Mortgage Assistance Plus Program is an initiative of Denver’s Office of Economic Development. In order to help low and moderate income families get over the hurdle of making down payments, the program offers a grant to help pay the upfront costs.

The Turnkey Mortgage Origination Program offers low to moderate income homebuyers of El Paso County a 30-year fixed-rate mortgage that comes with a down payment assistance grant of 4 percent of the mortgage amount.