Welcome!

Douglas County School District Teachers and Employees

If you are in the process of buying your first home or just thinking about buying your first home, you owe it to yourself to investigate....

The Douglas County Down Payment Assistance Program 

For First Time Home Buyers

Click on link below to go directly to Douglas County's website.

Douglas County Down Payment Assistance Program

This is a First Time Home Buyer  program that combines a down payment (provided by The Douglas County Housing Parnership) of 5% of the purchase price (up to $15,000) with a 30 year fixed rate   mortgage from an approved lender.   This down payment of 5% of the purchase price will be in the form of a second mortgage from Douglas County.  Payments on this second mortgage begin immediately and the funds may only be used for down payment.  Borrowers have a choice of either a 15 year loan which will carry an interest rate of three percent below the 10-year Treasury index (but no lower than 1%) or a 30 year loan term which will carry an interest rate of one percent below the 10-year Treasury index (but no lower than 3% interest rate).

The only "out of pocket" expense to the borrower will be $1,300, which will be applied to closing costs.  The remainder of the buyer closing costs can be paid aid by the seller. 

And, don't forget that you'll be receiving the $8,000 Federal Income Tax Credit from IRS.  So, after it's all "said and done",  you'll be $6,700 ahead (cash wise) and living in your own home.   You pay $1,300 to get into your home and IRS sends you an $8,000 refund.  What's not to like?

Also, for Douglas County School District teachers and employees, we (The Bustin Team) will provide a free aprasial from our lender (Colorado Mortgage Alliance) and a $250 gift card to Lowes.  See Special below.

Special! 

For Douglas County School District Teachers and Employees!

Free Appraisal From Colorado Mortgage Alliance ($400 Value).

$250 Gift Card To Lowe's From The Bustin Team.

 Four Loan Scenarios 

Using A 5% Of The Purchase Price Down Payment Assistance

 From The Douglas County Housing Partnership

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If you have any more questions or you're ready to move forward in finding your new home, please call us at 303.981.7339 or email us @ Cheryl.Bustin@HomesInColorado.com