No, MMA is not the mixed martial arts competition put on by UFC. MMA Plus is the Metro Mortgage Assistance program that provides a grant of 4% towards your down payment and closing costs of your purchase. It does not need to be paid back and you don’t need to be a first time homebuyer to qualify. You do need to use an FHA or VA loan and meet some income and credit requirements. You also need to take a homebuyer class which I encourage to take even when it’s not required. You also need to get your first mortgage loan through a participating lender.
According to Denver’s Office of Economic Development, “any home in Denver, Arvada, Aurora, Bennett, Boulder, Brighton, Broomfield, Castle Rock, Centennial, Commerce City, Dacono, Edgewater, Englewood, Firestone, Golden, Lakewood, Littleton, Parker, Sheridan, Thornton, Westminster, or Wheat Ridge can be purchased through this program; the home must be within the incorporated city limits of the participating city.”
You can also take advantage of the Mortgage Credit Certificate which is a tax credit of 30% of the interest paid on the loan. This is a huge discount you can use year to year as long as you have the loan.
To get a list and additional information about the MMA Plus, click here. Also feel free to reach out to me to discuss other considerations when buying. You can contact me by email or call 720-253-8513.