Interested in becoming a Pikes Peak DPA Program Lender?

Rewarding job working with buyers in need of down payment assistance. The Pikes Peak DPA Program is always taking applications for new lenders.

Many buyers struggle with down payment assistance. Not only coming up with the cash on their own but finding a down payment assistance program with available funds.

Qualified borrowers will receive a 30-year fixed rate first mortgage with down payment and closing cost assistance.

Ready to start offering down payment assistance funds?

There are just a few qualifications…

Licensed to originate residential mortgage loans in the State of Colorado (minimum 2 years in business);
Able to originate, process, underwrite, close, table fund the first mortgage loan & down payment assistance and capable of interim servicing;
Not under supervisory control of, or subject to, enforcement proceedings by federal banking regulators with respect to any violations or alleged violations of federal banking laws or regulations;
Minimum Net worth requirement by the program Master Servicer U.S. Bank;
Underwriter experience requirement by the program Master Servicer U.S. Bank;
Minimum annual volume requirement by the program Master Servicer U.S. Bank;
Following approval of the lender participation documents, a lender must attend a mandatory lender training.

Not sure if your institution is approved with U.S. Bank? Click on this link to email the lender management team.

WHY PARTICIPATE IN THE PIKES PEAK DPA PROGRAM

Down payment assistant programs are an incredible way to give back to your community as a lender and help your clients land their dream home.

When it comes to your bottom line, every lender knows the power of happy clients for building a strong referral network that pays it forward for years to come. So what makes THIS program unique for you and your clients?

Pikes Peak DPA will NOT slow down a closing. These loans close as fast as any other loan. There are no external benchmarks to slow down a loan closing.

Borrowers don’t have to be a first time buyer! The Pikes Peak DPA program is one of the most inclusive programs on the market as we do not require your client to be a first time buyer. Generous Income Limit of $130,200. Pikes Peak DPA uniquely serves a population that often falls between the cracks — workforce or middle income families. Unlike other more restrictive programs, the Pikes Peak DPA program income limit is more inclusive of our workforce families who may have higher salaries, but still struggle to gather the cash on hand for down payments.

Inclusive Housing Options: Pikes Peak DPA also creates more flexibility for families by allowing many types of properties including 1- 4 Units and Manufactured Housing. Be aware, however, that depending on the type of loan, the lender still needs to meet agency (FHA/Freddie) guidelines.