Northeast Colorado Housing

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Q: What is Northeast Colorado Housing?

A: It is a non profit organization working to help families purchase or repair their existing home at an affordable cost to them.

Q: Who Qualifies for NECHI's assistance?

A: Household income not to exceed the following guidelines:

  • 1 Person: $34,000
  • 2 Persons: $38,850
  • 3 Persons: $43,700
  • 4 Persons: $48,550
  • 5 Persons: $52,450

Q: How much money will I be able to borrow?

A: The amount of money varies according to the needs, equity in house and ability to repay.

Q: What is the interest rate and how long do I have to repay the loan?

A: Interest rate will depend on your income, debt and other factors. The length of the loan will vary based on loan amount and income to debt ratio.

Q: Are there any other requirements for me to get a home rehabilitation loan?

A: The requirements are:

  • 80% must be used for health and safety concerns.
  • The house must appraise for enough to cover the loan amount.
  • Must be your primary residence.
  • House must be insured.

Q: What are the requirements for a down payment assistance loan?

A: The requirements are:

  • Interest rate in normally 5% for 5 years APR 5%.
  • Maximum amount of loan is $5,940.
  • Down payment requirements can vary between Rural Development and Conventional loan products.
  • 3.5% down payment required for FHA loans.
  • Home buyer education class is required.
  • House is your primary residence.


We proudly provide:

  • Home Rehabilitation Loans
  • Down Payment Assistance Loans
  • Home Buyer Counseling Program
  • Home Buyer Education Classes
  • Affordable Rental Properties
  • Provider for Medicaid Home Modifications
  • Foreclosure Counseling
  • Rural Development Direct Loan Packaging

Home Buyer Education Online

Homebuyer education classes for 2017:

Jan 17, Feb 7, March 7, April 4 , May 9 and June 13

All classes are in our office at 5:30pm. You must call (970) 542-1221 to make a reservation.

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