Feb 17, 2024 - News

3 financial resources for Denver homebuyers

Illustration of a book, shaped like a house, with many page markers sticking out.

Illustration: Maura Losch/Axios

The U.S. Black homeownership rate (45.9%) is nearly 30 percentage points lower than the white homeownership rate (73.8%), per the latest from the Federal Reserve.

To help close the gap, there are a number of local programs and tools geared toward helping people buy homes, including:

  • The Dearfield Fund: Black first-time homebuyers may receive up to $40,000 in down payment assistance through this fund.
  • metroDPA: Those making less than $188,250 with 640+ credit can qualify for down payment assistance.
  • The Denver Financial Empowerment Center: You can receive free financial coaching.

Of note: HUD has a variety of homeowner education tools, from figuring out how much house you can afford to finding aid for home repairs.

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