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

100% Owner Occupied Financing and more!

via Understanding Private Mortgage Insurance

Used to be that anyone putting less than 20% down needed private mortgage insurance to protect lenders against borrower default.

Until now. We have partnered with a global lending institution committed to offering up to 100% financing, will contribute up to $4,500 toward closing costs and does not charge PMI!

Too good to be true? We promise, it’s not. Contact me for details.

Down Payment Assistance Available

Source: Millennials Flock to Low Down Payment Programs | Keeping Current Matters

Down Payment Required

Studies show many would be home buyers don’t take the plunge for a variety of reasons, not the least of which is the amount of down payment required. So by a show of hands, how many think the requirement is 20%?

Congratulations, you’re in the majority.

Mortgage Insurance Required Above 80% LTV

Though in existence since the late 1800’s, it wasn’t until the 1950’s that mortgage insurance as we know it came into use. Designed to minimize the lender’s risk, mortgages that are more than 80% of a home’s value require it. Thus the reason many think 20% is the down payment requirement, it’s not.

Low Down Payment Programs

In fact, the majority of owner occupant loan programs require less than 5% down (Conventional). FHA only requires 3.5% down where VA/USDA loans require 0% for a down payment!

Closing Costs and Prepaids

In addition, ALL loans will have closing (title, origination, etc) and prepaid costs (taxes, hazard insurance, interest and other expenses), usually totaling 2% – 3% of the loan amount.

How Much Will YOU Need

Doing the math, a qualified borrower will need anywhere from 2% – 8% of the purchase price to cover the down payment, closing costs and prepaid items discussed, or up to $8,000 on every $100,000.

Down Payment Assistance

With many programs that offer to help with down payment and closing costs up to 4% of the purchase price, the truth is many borrowers will have the ability to buy a home with as little as zero out of pocket costs!

Visit this link to see what down payment assistance you may qualify for!

So what are you waiting for?! Contact your favorite real estate professional for a no cost, no obligation consultation today!

How Long Is A Short Sale?










The most important question to ask a short sale buyer’s agent. How to question the buyer’s agent to qualify the short sale buyer.

Source: The Most Important Question to Ask

Yes, but…do you use a short sale facilitator?

Of course the REALTOR on your team needs to be a qualified team captain, with the experience to properly guide both buyers and sellers through the transaction. If savvy, they will engage the services of a short sale facilitator to ensure they have the strong team needed for a touchdown. With a contact list and savoir faire that is the stairway to heaven, these can be the ace in a hole every busy agent needs.

The Short Sale Package

Not all situations in which a homeowner cannot (or will not) make their mortgage payments will qualify for a short sale. And where each lender has unique requirements, every short sale situation will require these standard documents (printable, form).

  • Seller Worksheet
  • Authorization to release information – this document gives the REALTOR® permission to act as your representative and obtain information about your loan from the lender. Please include all lien holders and account numbers – this must be filled out and signed
  • Financial Form – list of itemized assets and liabilities
  • Hardship Letter
  • Affidavit
  • Two years most W-2’s recent tax returns
  • Two months most recent paycheck stubs
  • Two months most recent, consecutive bank statements

The lender will use this information to determine if you are experiencing a hardship and meet certain parameters so it’s important a complete package is submitted so as to avoid any delays in processing your request.

Foreclosures are declining, right?!

A recent article in the Colorado Springs Gazette reports foreclosures are down. But, are they? The same report states foreclosures are 20% ahead of this time last year. So, where they have decreased over the last couple of months, they are up overall. Sadly, there will never be a 0% foreclosure rate and there have been 538 homeowners over the last four months in some stage of foreclosure and pure capitalism will have it no other way. And where we hope not you, know our experience, certifications and network will serve anyone in this situation well.

A trade name of Norberto Villanueva, the Axiom Real Estate Team at Equity Colorado is a REALTOR member in good standing of the Pikes Peak, Colorado and National Association of REALTORS, holds an Employing Broker level license and is a former REALTIST member of the National Association of Real Estate Brokers. Certified as a Short Sale and Foreclosure Resource (SFR) and a Real Estate Owned (REO) specialist, our focus is win-win-win solutions or none at all, offering expert analysis, acquisition, disposition and specialty finance consultation for retail buyers and sellers as well as private and institutional investors alike.
Contact the Axiom Realty Team at Equity Colorado for all your real estate investment needs by using the contact form found in the lower right of this page.
We are the ART of Real Estate and look forward to serving you.




Housing Assistance for Native Americans


Source: Multi-housing News

Native American Housing Block Grant Allocations

Since 1996, the United States Department of Housing and Urban Development (HUD) distributes over $660m in grant allocations to help low-income Native Americans with a range of affordable housing activities. Covering housing management services, crime prevention and safety, and other activities to provide affordable housing, the program has helped recipients build or acquire almost 37,000 affordable homes and rehabilitated more than 77,000 housing units.

Down Payment Assistance Funds

In addition to HUD assistance, which is geared for organizations,  there are down payment assistance grants and loans to help Native Americans and others obtain their goal of buying a home to achieve their personal and financial goals and objectives. Contact the professionals at the Axiom Realty Team at Fathom Realty to discover the options available to you. Use the contact form on the bottom right to get started!


Turnkey Mortgage and Down Payment Assistance

home key black












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!


  • 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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Did Existing Home Sales Rebound in December?

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The National Association of Realtors (NAR) just released their latest Existing Home Sales Report on Friday. Sales of existing homes rose by the largest increase every recorded as they rebounded 14.7% over November’s numbers and now stand at 7.7% higher than a year ago.

Source: Existing Home Sales Rebound in December | Keeping Current Matters

Existing Sales Rebound Nationwide

On a national scale, existing sales rose 14.7% over November and are 7.7% higher than December last year. That’s good news! Real estate has long been the little engine that could insofar as the national economy is concerned and this is an encouraging fact to consider in terms of consumer confidence.

Location, Location, Location

We’ve previously discussed the fact that real estate is local in the sense that national trends, be they good or bad, may or may not apply in your local area. 

As a case in point, consider the negative trend for existing homes for sale in El Paso County, CO as shown in this graph, where there was a 19% decrease from November to December 2015 and a 18% decrease from December 2014.

December 2015 Homes for Sale

Supply and Demand

And not that this is bad news. The law of supply and demand makes it so the decreased supply causes an increase in demand and with it an increase in prices, as you will see from the graph below.

In addition, depending on price range it can also bring nirvana to any seller, multiple offers which often exceed asking price.

PPAR Average_Median Sales Price Chart dec 2015

Overall, the Colorado Springs real estate market is not only alive and well, but awaits your participation and the professionals at are standing by to be of service with down payment assistance, referrals to quality lenders and service providers, as well as investor financing. Contact us anyway you can and let’s get it started.


What Do You Actually Need to Get a Mortgage?

Fannie Mae recently released their “What do consumers know about the Mortgage Qualification Criteria?” Study. The study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home.

Source: What Do You Actually Need to Get a Mortgage?


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