Lender Guide to Affordable Homeownership Opportunities

Welcome Mortgage Lenders!

The city's homeownership programs have been designed to facilitate standard mortgage financing, including FHA and Fannie Mae approval of the city's affordability restrictions. Dozens of lenders have purchased, refinanced and made home equity loans on permanently affordable homes in Boulder.

To answer questions, we have developed an information sheet on our mortgage policies.

Mortgage Policies

The City of Boulder requires that mortgages on permanently affordable home meet several requirements. The intent of these requirements is to reduce the risk of default and foreclosure. In the event of a foreclosure, the lender has the right to remove the affordability restrictions if the city does not intervene. As such intervention typically costs several thousand dollars. The city has instituted a number of precautions. For example, all buyers are required to attend homebuyer training and make a significant investment in the home. The mortgage requirements have been developed with this in mind while attempting to preserve adequate mortgage options for buyers.

Please contact Bonnie Logan with any comments or questions at This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Mortgage Policy

On the other pages of this website, you’ll find detailed information on the homeownership programs.  Many lenders have also found it valuable to attend our semi-monthly orientation for applicants.

In accordance with the provisions of the Equal Opportunity Act and the Boulder County Homeownership Programs' policies, there will be no discrimination against an applicant for these benefits on the basis of age, source of income, sex, race, marital status, sexual orientation, national origin, religion or handicap.

Last Updated on Wednesday, 25 July 2012 10:20