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Posted on: January 12, 2022

Elbert County Approves metroDPA Homebuyer Assistance

Cheri Harjo-Dobbs1

Elbert County Approves metroDPA Homebuyer Assistance

metroDPA, a program offering 30-year fixed-rate mortgages with down payment assistance, is now available to homebuyers in Elbert County. The program expands housing affordability in cities ranging from Fort Collins to Elizabeth by aiding borrowers looking to purchase a home. 

The program offers various levels of assistance—up to 6%—that help borrowers with closing costs and the required down payment to buy a house. The assistance is 0% interest and forgiven monthly over three years. After three years, absolutely no repayment is required. metroDPA offers multiple options and competitive rates.

“A down payment assistance program like this is great for increased homeownership for our residents that can ultimately help with the long-term goal of individual wealth creation,” stated Elbert County’s Economic Development Manager Marc Dettenrieder. 

Since metroDPA’s program launch in February 2019, the City and County of Denver and Stifel, a global wealth management and investment banking company, have worked to continually improve the program and increase homeownership in Colorado communities. 

With no risk or cost for municipalities and counties to participate, metroDPA’s program area is quickly expanding along Front Range communities and is currently available in over 50 jurisdictions throughout Colorado. Since there is no first-time homebuyer requirement, no purchase price restrictions, and a generous income limit, the program serves a wide range of borrowers. 

In today’s high-priced market, having a program like metroDPA to assist can make all the difference to future homeowners. If you are interested in this program, please visit www.metroDPA.org for more information. 

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