Home Ownership
Owner-Occupied Rehab program allows a homeowner in need of repairs due to structural integrity, health, and safety as priorities to make such repairs. This would also include home modifications for the elderly or handicapped household members.
Lending and Finance
Total Concept can assist with funding for all the above projects. Income levels and credit worthiness are criteria used for approval. We are able to offer very low interest rates funded through Total Concept or other resources. We can even assist with down-payment and closing costs when purchasing a new home.
Small businesses are able to access funds through our Micro-Enterprise Business Loan program. These are small loans, typically no more than $10,000 for a variety of purposes.
HUD-CERTIFIED HOUSING Counseling
We offer free Home Buyer Education Classes, which are open to the public. These seminars also satisfy the required homebuyers obtaining financing through CHFA, HUD, Rural Development, or Total Concept. Class topics include establishing good or restoring unsatisfactory credit, managing your money with budgeting for success, qualifying for a home loan, working with lenders and realtors and keeping your home in good condition. We provide individualized financial fitness counseling that is tailored to each family's unique situation and needs.
Through the Foreclosure Counseling program, we assist homeowners throughout the state of Colorado who may be having problems making their mortgage payments or are already behind. We provide the resources needed to get things back on track through free advice and support. We also assist in working with the lender to get homeowners current and help them stay that way!
Our Single Family Housing Department Provides
- Low interest loans for the repair of distressed properties
- Increased independence and well-being of disabled, low-income or elderly individuals
- Construction expertise for families in building a new home or repairing an existing home.
- Down-Payment/Closing-Cost Assistance for families needing additional funds
- Education for families on the importance of good credit and budgeting and the homebuying process
Owner-Occupied Rehabilitation Program
The Owner Occupied Program is a rehabilitation loan program for applicants that have owned and occupied their residence for more than 1 year. Interest rates starting at 1% depending upon household income, with the term of the loan dependent on repayment ability. A special program for the elderly exists, as well, with loans at 1% interest, with payments that will fit their budget.
This program is among Total Concept's most successful and rewarding. It is designed to help individuals repair or update the existing structure of their home, with safety and health being a priority.
Total Concept has completed over 850 rehabilitation and home ownership projects with over $10 million total loans provided.
The Owner-Occupied Rehabilitation Program was the original program for Total Concept.
Home Buyer Education Program
Home Ownership Education is given monthly in a group setting. Classes are free, open to the public and taught by our HUD-Certified Housing Counselor.
The length of the classes are 6 hrs.
Items covered include:
How to read your credit report
Budgeting for success
How to qualify for a home loan
Tips on working with lenders and realtors
Loan documents and real estate contracts
These classes are required by CHFA, Rural Development, and Total Concept.
You can also take the class online.
The online course is $95 for the first person and $50.00 per each additional person. A discount code will be sent to the co-borrower(s) once the borrower registers and names the co-borrowers.
Down-Payment/Closing-Cost Assistance Program
Total Concept offers assistance for 50% of down payment fees up to $3000 and all reasonable closing costs.
Interest rates starting at 1%.
The Down-Payment/Closing-Cost Assistance Program is a benefit to families in need of closing cost funds.
Medicaid Home Modification Program
The Medicaid Home Modification Program includes wheelchair ramps, handicap-accessible features, and other repairs to create a more safe and convenient living environment and accommodate their disability.
Modifications are recommended by Occupational Therapists and approved/processed by Medicaid. Total Concept then coordinates the modification projects, from the bidding all the way through completion.
Contact your Medicaid case worker to start the process.