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Greeley Home Ownership Program

Recognized and trained as a Preferred Realtor for the Greeley Home Ownership Program (G-HOPE) 

Call me today  for more information!

 

 GREELEY HOME OWNERSHIP PROGRAM

   for  EMPLOYEES (“G HOPE”)

Greeley Home Ownership Incentive Program

G-Hope-identity_lrHome ownership is a goal of many of Greeley’s residents and newcomers. And for good reason. Besides the satisfaction of one’s own place and the security it represents to a homeowner, higher rates of home ownership benefit the whole community as well. Studies show home ownership promotes: higher academic achievement, more cohesive communities, better connected families, improved health and safety, and a stronger economy. 

Through a community leadership group organized as the “University District” the City of Greeley has established a pilot program to promote more home ownership in Greeley’s Redevelopment District and around the UNC campus (see map on reverse side). Within this area, down payment assistance is available to regular full time employees of the major employers in this area: the City of Greeley, University of Northern Colorado, School  District Six, and Banner Health/NCMC. 

 
Program Overview:
  •  Single-family homes only (no rental units); buyers must  occupy the principal residence 
  •  Homes must be located within either the University or Redevelopment District
  •  Only one loan per employee household and lifetime
  •  Buyer must contribute at least $1,000 of their own funds toward the home purchase  
  •  No income limits; buyers must qualify for a conforming or  government loan to purchase the home 
  •  Loan Assistance:  $2,500 down payment assistance anywhere in the District; or, $4,000 if home is on or east of  11th Ave.; or $6,000 if home is on or east of 8th Ave. 
  •  G-HOPE loan at 0.00 % APR is forgiven at a rate of 20%/year; once the buyer has lived in the home for 5 years there is no repayment due upon sale of the home. 

Getting Started:      

  • Meet with your HR Department to be sure you qualify as a regular full-time employee; 
  • Enroll in homeowner education classes if this is your first home or a lender requirement 
  • Interview lenders 
  • Get pre-qualified for a mortgage amount that is comfortable for your budget  
  • Advise your lender you intend to use the G-HOPE assistance program 
  • Interview Realtors 
  • Shop for a home in the District 
  • Complete the home loan approval process. Lender will forward application materials to the G-HOPE program administrator for approval 
  • Close on the property and move in!

The Greeley Urban Renewal Authority (GURA) is the contact for this program and also a source of low interest rate loans for certain home improvements.  Call 970.350.9830 or email:  j.r.salas@greeleygov.com for more information.

 

HOUSING INCENTIVE AREA MAP

© 2017 IRES Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. @copy; Copyright IRES. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes from IRES and the Broker Reciprocity Program.sm. Real estate listings held by brokerage firms other than MB/West Realty are marked with the BR logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information last updated on 2017-06-24 06:26:44.

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Bev West
West Realty/Metro Brokers
3835 10th Street, #200C
Greeley, CO 80634
Cell: 970-631-7111
Office: 970-351-0405
bev@bevwestingreeley.com


Bev West   |   970-631-7111   |   bev@bevwestingreeley.com
West Realty   |   3835 10th Street, #200C   |   Greeley, CO 80634
Copyright © 2015. Bev West, All Rights Reserved