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Comparing CHFA’s SmartStep Plus program grant option and second mortgage option. Colorado first time home buyers commonly turn to CHFA for down payment assistance but when they realize that one of their most popular down payment assistance programs has multiple options it can get a bit confusing on deciding which one is best. What’s best for you may not be best for someone else. That’s why I’ve run the numbers so you know what to look at and compare when deciding for yourself. CHAPTERS: 00:00 Intro - CHFA Grant vs Second Mortgage 00:49 CHFA SmartStep Plus Program 01:33 #DMAR Colorado Real Estate Stats 02:15 Down Payment and Loan Calculations 03:02 Comparing Assistance Amounts 03:39 Comparing Rates 04:00 Comparing Payments 04:29 Comparing Overall 05:40 Benefits of Grant 06:25 Break Even Calculation 07:26 If I were in your shoes Related Videos: FHA Loans: Good Choice for First Time Home Buyers? • FHA Loans: Good Choice for First Time... CHFA SmartStep Down Payment Assistance Program: • CHFA SmartStep Down Payment Assistanc... Tips for Buyers in a Low Inventory Market (Get Your Offer Accepted): • Tips for Buyers in a Low Inventory Re... 🔴 Don’t forget to subscribe to our channel: / @wynn-team Whenever you're ready...here are some ways we can assist with your first home purchase: 🏡 Start your home search without the pressure of a real estate agent: https://hmbt.co/fK7hYM 📙 Download our Homebuyer Guide: Things to Consider When Buying a Home: https://www.lendingahand.com/guide/ 🤑 Get the list of the No & Low Down Mortgage Options (in Colorado) so you can purchase your next home with less money than you thought possible: https://www.lendingahand.com/l/no-low... Scott Wynn Wynn & Eagan Team at Citywide Home Loans Mortgage Advisor (720) 608-5533 YouTube: / @wynn-team Facebook: / wynnteam Instagram: / wynnteam Website: https://www.lendingahand.com/ This is not a commitment to lend. Program restrictions apply. 11990 Grant Street, Suite 120, Northglenn, CO 80233 Visit https://www.lendingahand.com/about/li... for detail on our licenses. The information contained, and the opinions expressed, in this video are not intended to be construed as investment advice. Citywide Home Loans & the Wynn & Eagan Team does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Citywide Home Loans & the Wynn & Eagan Team will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein. Icons made by Freepik from www.flaticon.com