AURORA | Aurora homebuyers have a new path to homeownership through a state-wide down-payment assistance program launched this month.
The program is designed to help moderate-income residents overcome the hurdle of the upfront cost of getting a mortgage, and it will run through Oct. 31, 2026 or until the city’s allocation is exhausted.
The program will cover up to 10% of a home’s purchase price for qualifying buyers, according to the statement. Assistance starts at 4% and is issued as a “silent” second loan with no monthly payments, due only when the homeowner sells, refinances or pays off the primary mortgage, according to the city statement…