What kind of house can I buy?
1) The home must be a single family detached home, duplex, townhouse, condominium or manufactured home permanently affixed
to buyer-owned land.
2) The home must be located in unincorporated Arapahoe County or the cities of Centennial, Englewood, Glendale, Greenwood
Village, Littleton, Sheridan or the Town of Deer Trail (Aurora has its own Homebuyer Program, call 303-739-7900).
3) The home must be owner-occupied or vacant at the time an offer is made by the buyer, OR if the unit is tenant-occupied,
the tenant must have been notified to vacate the home prior to the time a written offer is submitted. You are eligible to
purchase the home you are currently renting.
4) The purchase price cannot exceed 95% of the current FHA mortgage limit. This figure could change every year, so call CHAC
for more information if you are buying something over $261,609.
5) Your home to be purchased must be your principal residence.
6) The home must pass a Housing Quality Standards (HQS) inspection. This inspection will be arranged by CHAC and is of no
cost to you or your lender. This inspection is to ensure that your new home is livable.
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