Oakwood Homes Partners with CHFA for Innovative First-Time Homebuyer Program in Colorado

Oakwood Homes Launches New Program for First-Time Homebuyers



In exciting news for aspiring homeowners in Colorado, Oakwood Homes has announced a groundbreaking pilot program aimed at assisting first-time buyers. In collaboration with the Colorado Housing and Finance Authority (CHFA) and Nest Home Lending, this initiative seeks to make homeownership more accessible through innovative financing options.

The new program is designed to offer a unique solution that combines builder-paid interest rate buydowns with CHFA's established first mortgage loans and down payment assistance resources. According to Michael Fraley, Chief Growth Officer of Oakwood Homes, this partnership addresses critical financial barriers that often prevent Coloradans from achieving their dream of homeownership.

Prospective clients will benefit from competitive financing rates and affordable down payment options. By leveraging the expertise of Nest Home Lending, borrowers can expect tailored mortgage solutions that cater to their specific requirements.

Dan McMahon, the Director of Home Finance at CHFA, mirrored these sentiments, expressing enthusiasm for how this program aligns with CHFA’s mission to promote responsible homeownership across the state. He noted that this collaboration builds on CHFA's long-standing success in empowering residents, having helped a multitude of Coloradans in securing homes.

Oakwood Homes’ communities throughout Colorado, including Green Valley Ranch, Banning Lewis Ranch, and Reunion, are at the forefront of this initiative. These locations will now serve as key areas where first-time homebuyers can take advantage of the program’s benefits.

In practical terms, qualifying purchasers will have clear pathways to financial assistance, assisting them not only in buying homes but also in securing essential tools for a successful purchase. This entails everything from handling the intricacies involved in acquiring a mortgage to understanding the various options available for down payments.

Oakwood Homes' dedication to improving accessibility in housing is underscored by its commitment to build value-rich homes and communities, as emphasized by Fraley. This approach aims to equip families not just with housing but with the means to foster generational wealth and stability over the long term.

For potential first-time homebuyers interested in participating in this pilot program, detailed information on program requirements and the application process can be found online at Oakwood Homes’ program page.

About Oakwood Homes


Oakwood Homes, part of the esteemed Clayton Homes family under Berkshire Hathaway, has a rich history of over thirty years. With more than 20,000 homes constructed across Colorado, Utah, and Arizona, Oakwood's legacy is built on community support and philanthropy. Its commitment to education and community development is embodied in the work of the BuildStrong Education Foundation, advocating for impactful educational reforms and early learning initiatives.

About CHFA


The Colorado Housing and Finance Authority has been a pillar in the state for the past 50 years, fostering affordable housing and community growth. Their comprehensive efforts range from aiding homeownership to supporting local businesses, reaffirming their dedication to investing in the state’s enduring prosperity.

About Nest Home Lending


Nest Home Lending, a Colorado-based mortgage provider, emphasizes personalized service to assist families throughout the home buying journey. Their goal is to navigate clients smoothly through the mortgage process, ensuring that homeownership remains attainable for all.

With this new initiative, Oakwood Homes, CHFA, and Nest Home Lending are not only enhancing homeownership opportunities for Coloradans but are also setting a powerful precedent for community collaboration in the pursuit of accessible housing.

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