![CEDP logo-3.png]](https://kb.cedproject.org/hs-fs/hubfs/CEDP%20logo-3.png?height=40&name=CEDP%20logo-3.png){kind=small}
Community-First Mortgage Assistance Program
General
Eligibility
- The program states that I must be a first-time or first-generation homebuyer. How does CEDP define these terms?
- Does the property have to be my primary residence?
- Are there restrictions on home type or home condition?
- Does the program apply to all of Colorado, or are there geographic restrictions?
- Are there income or asset limits to apply? Where can I view the 120% AMI limit?
- Are there credit history requirements to apply?
- The flyer mentions eligibility requirements for Debt-to-Income and Housing Expense ratios. What are these and how do I calculate them?
Loan Structure
- How much of a time commitment is required for Homebuyer Education (HBE) and Housing Counseling?
- How much assistance can I receive?
- What can assistance be used for?
- Am I required to contribute to the down payment?
- How often do I need to pay on the loan?
- Are the program’s loan terms the same between Northeast and Southwest Colorado?
- How does the Shared Appreciation Model (SAM) work?
- How can I get started with Homebuyer Education (HBE)?