Program assists buyers of homes | VailDaily.com
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Program assists buyers of homes

Daily Staff Report

EAGLE COUNTY – Buying a first home just got a little easier in Eagle County.Funding Partners for Housing Solutions, a nonprofit community development financial institution, has entered an agreement with Eagle County to streamline down payment and closing-cost assistance for homebuyers in the area. According to a press release, the partnership will promote greater access to capital while minimizing the expense and frustration often associated with purchasing a first home. Under its Contract Loan Servicing program, Funding Partners is able to match qualified homebuyers with numerous assistance programs throughout the state using a single loan application. Funding Partners has provided loan assistance to purchase homes in Vail, Avon, Eagle, Edwards and Gypsum in Eagle County. The median income for a family of four in Eagle County is $79,950, but the median house price in 2004 was $383,500. Eagle County provides loans for families who earn median income or less and are purchasing houses costing $312,895 or less.”Using Funding Partners to service our loans creates efficiency and simplicity for lenders, Realtors, and most importantly, first-time homebuyers earning median income or less in our county,” said Barbara Peterson of the Eagle County Housing Department.For more information, contact the Eagle County Housing Department at 328-8771 or at eaglecounty.us/housing.Vail, Colorado


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