Getting that first set of house keys

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GRAND JUNCTION, Colo. (KKCO) For those dreaming of making the switch from renter to homeowner, the Colorado Housing and Finance Authority is trying to make that process easier.

CHFA hosted its first homeownership resource fair Friday and Saturday for those looking to call their living space their own.

"Just tired of throwing away money every month, so it'll be nice to be able to build some equity for long term," said Taylor Schneiger, who attended the fair and is a first time homebuyer.

The resource fair brought together five different lenders, so people can figure out who will be their best choice when they decide to get a house.

"When people are out looking for a loan, sometimes they’re guided by a relative or a friend and they only go to one lender," said Pam Francil, who works for CHFA. "And sometimes they don’t get the full opportunities because every lender operates differently."

CHFA also shared their own programs that make it more economically feasible for people to buy their first home.

For example, the mortgage credit certificate allows buyers to get tax credits back on their mortgage interest. Another option is the down payment assistance program, which loans a portion of the down payment to those who may not have enough saved up at first, but are able to make monthly payments.

"When they buy that home that means that's stability," Francil said. "That's a place for their dog to run. A place for their children to play."



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