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Find out what down-payment assistance programs you may qualify for!

Hard Money Made Easy

Hard Money Made Easy

At Axiom Funding Group, we are always looking to bring additional value in the form of quality partnerships and are happy to announce a new partnership with a private money lender.

Fix and Flip

  • Nationwide
  • Max LTV 90% of Purchase Price and 100% of rehab funds
  • 65% ARV
  • 2+ Points
  • Property Types: 1-100 Units, (Mixed Use in North East)
  • Minimum Loan Size is 150K
  • Rates from 8% -11%

Rental Program (Stated Doc)

 

  • 3 Year, 5 year, 7 year, 10 Year ARM or 30Year Fixed
  • Rates from 5.5% to 8%
  • Max LTV 70% Cash-Out
  • Max LTV 75% Rate and Term
  • Points 2+
  • Nationwide
  • Minimum Loan Size is 150K
  • Blanket loans possible – Minimum 3 properties

Please contact us for your alternative lending needs at 719-453-8690.

Turnkey Mortgage and Down Payment Assistance

Turnkey Mortgage and Down Payment Assistance

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Turnkey Mortgage and Down Payment Assistance

Not limited to first time home buyers, the “Turnkey” Mortgage is a competitive 30-year fixed-rate mortgage with a Down Payment Assistance (DPA) Grant (no repayment) equal to 4% of the mortgage amount!

Mortgage Tax Credit

Used jointly with the tax credit feature, qualifying first time home buyers receive an annual federal income tax credit equal to 50% of the annual interest they pay on their mortgage loan!

Qualifications

  • No “recapture tax”
  • Max Income and purchase price limitations
  • Available with various lenders!

Additional Down Payment Assistance Programs

We’ve identified over 25 down payment assistance programs to help new and existing home owners with costs to buy or upgrade the home of their dreams while saving tens of thousands, making the dream of home ownership a reality. Visit our Down Payment Resource page to locate additional programs that may help with your home ownership dreams.

The Axiom Realty Team

Norberto Villanueva is a REALTOR©/District Director for the Axiom Realty Team at Fathom Realty in Colorado Springs. A licensed real estate broker since 2002 and a mortgage loan officer/broker for five years before that, we specialize in residential housing and investment solutions. As a Certified Home Buying Advisor, Norberto is able to help most if not all homeowners with the funding necessary to cover most if not all down payment, closing and prepaid costs.

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A Better Return on Investment

A Better Return on Investment

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According to Remodeling's 2016 Cost vs. Value Report, you'll recoup an average of 64% of what you paid for a renovation if you sell your home this year.

Source: 10 Home Renovations That Offer the Best (and Worst) Return on Investment - Real Estate News and Advice - realtor.com

Return on Investment

We've previously discussed Return on Investment (ROI) about how much more (or less) than an asset's cost it is (or will be) worth at resale. It went a little something like this.

ROI

OK. The same concept of ROI applies, perhaps but not always on a lesser scale, to the effect of improvements made after purchase to the resale value of that asset.

Many (not all) buyers want gorgeous granite, jacuzzi tubs, bedroom fireplaces and similar creature comforts. And where these add great value...prestige, will they amount to a dollar for dollar increase in financial value? It depends.

Remodeling Values

It's never good to have the most expensive house in the neighborhood. First, they can stand out like the a Taj Mahal near Quonset huts. Gaudy is definitely not good, IMHO. Worst, pride in ownership can be a bitter pill to swallow when no one cares how much that Italian marble tub cost. When it comes to comparable values, a tub's just a rub-a-dub-dub. Sorry, couldn't resist.

Quickly. What is relatively worth more, adding attic insulation or a bathroom that will relieve congestion come school time? Before we tell it, understand you'll recoup about 67% of improvements on average. Drum roll, please...

Attic insulation, by a long shot of 2:1. Sad but true. Dollarphotoclub_81671951 - Down Payment Assistance

Rehab Loans - Pennies from Heaven

So be careful what you ask for, you might not get it. Unless it's help to pay for remodeling projects on that would be perfect home were it not for the host of improvements needed to make it your castle, whether necessary or not.

With Fannie Mae's and Freddie Mac's HomeStyle Renovation and FHA's 203k loans, it is relatively easy to turn that ugly house into the nosy neighbor's bane of existence.

Energy Efficiency Assistance

How about we add energy efficiency upgrades to our efforts and receive up to $8,000 in help to do so?! This is HOT! No pun intended. Learn more here.

Thanks for reading. Let us know how we can help?

Energy Efficiency Assistance

Energy Efficiency Assistance

Dollarphotoclub_72894076 - energy efficiency small

Energy Efficiency Assistance

As an incentive for new and existing homeowners to buy homes with high energy efficiency ratings or make upgrades (furnace, insulation levels, windows, etc.) to an existing home, the state of Colorado is offering up to $8,000!Dollarphotoclub_81671951 - Down Payment Assistance

Qualifications

  • New or existing homes (existing homeowners OK)
  • Lender must reserve the incentive amount before closing
  • Energy upgrades completed within 120 days of purchase

Additional Down Payment Assistance Programs

There are hundreds, if not thousands of extra programs that help with adapting homes for folks with disabilities, down payment. closing and other costs. Check them all out here!

Eight Steps To Saving For A Down Payment

Eight Steps To Saving For A Down Payment

Time for 10% DP

Don't worry—we'll do the painful math for you so you know what splurges to kick to the curb in 2016.

Source: Resolve to Give Up These 8 Money Wasters for a Down Payment Before 2017 - Real Estate News and Advice - realtor.com

Time To Save For A Down Payment?

Depending on where you are in the country, it can take over 10 years to save for a down payment. Here are some down payment savingsthings you can do to cut that time down considerably:

  1. $  876 savings – Skip the latte
  2. $  696 savings – Cut the gym membership
  3. $1,189 savings – Cancel cable TV
  4. $    100 savings – Drop a streaming service
  5. $    300 savings – Lower smart phone plan
  6. $1,714 savings – Pack a lunch
  7. $3,168 savings – Cut out drinking alchohol
  8. $1,354 savings – Cut the dry cleaning bill

$9,397 total savings!

Yes, with a lot of focus (and sacrifice), it’s possible to save close to $9,400 to use for the all important down payment for your home purchase. But, why?

Down Payment Assistance

down payment assistanceMany don’t realize there are assistance programs that can cover:

  1. Down payment
  2. Closing costs and prepaids
  3. Energy efficiency upgrades
  4. Disability adaptability upgrades
  5. And more!

And the truth is these programs are available in most areas, sometimes regardless of income!

As home buying advisors, we pride ourselves on our dedication to helping anyone who wants to own a home with that goal.

Contact us today for your personalized consultation!

 

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