Buyer Qualifications

1. Be a First-Time Homebuyer (haven’t owned a home in the last three years)
   
   
2. Attend a Home Buyers Workshop
   • Partners In Housing OR
   • Consumer Credit Counseling Service of Colorado Springs
   
   
3. Have a Household Income At or Below 80% of Area Median Income for El Paso County  (effective May 14, 2010)
   
   • Family of One $39,550
   • Family of Two $45,200
   • Family of Three $50,850
   • Family of Four $56,500
   • Family of Five $61,050
   • Family of Six $65,550
   • Family of Seven $70,100
   • Family of Eight $74,600
   
   
4. Work with One of Our Five Lenders to Obtain a Conventional, Fixed Rate, 30-Year Mortgage for 70-80% of purchase price, and contribute a minimum of $1,000 towards the purchase.
   

    

   Air Academy Federal Credit Union
   Contact: Debi Bazzo, (719) 592-1059  
   9810 North Union Blvd., CS, CO 80924
   
   C B & T Mortgage
   Contact: Richard Phillips, (719) 661-2280
   1 South Nevada Ave, Suite 230, CS, CO 80903
   
   FirstBank of Colorado Springs
   Contact: Bobbie Moore, (719) 638-4151
   1010 West Baptist Rd, Monument, CO 80921
   
   US Bank Home Mortgage
   Contact: Suzanne Murray, (719) 528-3528
   1520 Briargate Blvd., CS, CO 80920
   
   Wells Fargo Home Mortgage
   Contact: Beverly Guzman, (719) 577-5280
   500 North Circle Drive, CS, CO 80909
   
   
5. Be a U.S. Citizen or have ‘Legal Status’ in the United States