As an educator in Denver I thought that I would be a renter for the rest of my life. The concept of saving for a down payment seemed like a pipe dream. I watched as many of my friends achieved the American Dream of purchasing real estate in neighborhoods like South Broadway, Capital Hill, and the Highlands. Meanwhile, rent prices were continuing to rise and I had to move further south where one bedroom apartments could still be found for under $1000 a month.
My career in real estate opened up a whole new realm of possibility for me. It introduced me, firstly, to minimum down payment loans. This means that on my $210,000 condo I only needed to come up with $6000 to purchase it. Now I know what you're thinking, $6000 is still a lot of money. That is where Down Payment Assistance comes in. As a realtor I was able to apply what would have been my commission to the bulk of these up front costs, but a Down Payment Assistance program would serve the exact same purpose. What's the catch? There is no catch! The government has created these programs because they WANT you to own a home.
Emily Baker has been an educator in North Denver since 2012. She taught 4th grade for many years, before transitioning to Middle School English. She loved her job working with children, and now her job as a realtor. With Equity for Educators she is able to combine these two passions.