Single Family “Turnkey” Mortgage Program
What is the Turnkey Program?
The El Paso County, Colorado “Turnkey” Mortgage Program provides a competitive 30-year fixed-rate mortgage with a down payment assistance (DPA) grant equal to 4% of the mortgage amount to qualifying low and moderate income homebuyer families throughout El Paso County, including the City of Colorado Springs.
When will the Turnkey Program end?
The El Paso County Housing Authority, as Program Sponsor, rolled out the “Turnkey” Mortgage Origination Program in early January 2013. There is no set “end date” for the Program, and mortgage & DPA funds are continuously available to participating lenders and eligible homebuyers.
What is the current interest rate?
The Program mortgage rate will change periodically to stay competitive with the market and are slightly above the market rate. Interest rates are subject to change at any time and will be verified by your lender at the time of loan reservation.