NOTE: The Climate Smart Loan Program has been put on-hold until issues with the Federal Housing Finance Agency and federal mortgage regulators, Fannie Mae and Freddie Mac, can be resolved... read more
Homeowner Process Spring 2010
Homeowner Workshop Presentation
The September 10, 2010 Letter from the County Commissioners about the FHFA changes
Statements from the FHFA, Freddie Mac, and Fannie Mae
Documents for Finishing your Projects
All of our required workshop meetings have already taken place. If you have not attended a workshop, please View our 2010 Homeowner PowerPoint.
Step 2: Attain Estimates and Bids from Contractors
Prior to applying, homeowners must obtain written "not to exceed" estimates or bids from contractors. You may use any contractor that is certified or licensed in their respective trade, however, contractors must fill out our "Contractor Bid/Estimate Cover Sheet" in addition to giving you an official written estimate. Homeowners will take these documents with them during their meeting with the loan originator.
You do not need to upload any documents, but have your dollar amount ready to enter. The application is very simple and takes about 15 minutes.
Once Boulder County has received all applications submitted by the application deadline, the County will pre-qualify you for a loan and email you a loan origination schedule with locations and times of the loan origination period. Click here to learn what do you need to bring to loan origination?
Step 5: Bond Sale and Notice to Proceed
After loan origination, the County will sell bonds in order to provide the funding for the loans that have been approved. About 2 weeks after the bond sale, Boulder County will send you a "Notice To Proceed" document via email and regular mail which is the official "green light" for you to begin your projects.
Step 6: Complete Your Projects
You have 180 days after the bond sale to complete your projects.
Upon project completion, the property owner must verify that the project is complete by submitting
1.) the homeowners acknowledgement form;
2.) copies of all permits/inspections required by the municipality where the property is located
3) final invoices from the contractor.
Please click here to see a sample of what these documents look like when submitted to Boulder County. There is no legal requirement that the loan be paid off when you refinance or sell your home. However, this may be an item subject to negotiation with a future buyer and may also be a matter of negotiation with the mortgage lender.
