$1,000 out of pocket. Free down payment grants. Sellers covering closing costs. If you’ve been waiting for the right time to buy a home, this is it—and Tate Anderson with Local Mortgage Partners, a top-rated mortgage broker in Parker, CO, is ready to help you take advantage.
The Market Has Shifted—And It’s Good News for Buyers
In a real estate climate that’s long favored sellers, first-time buyers are finally getting some breathing room. Housing prices have started to stabilize, seller concessions are back on the table, and most notably, grant funds for down payments are now more accessible than ever.
Unlike traditional loans, these grants don’t need to be repaid—making them a game changer for renters who’ve struggled to save enough to enter the market.
How First-Time Buyer Grants Work
Down payment assistance grants are offered through various state and local programs to make homeownership more attainable. In many cases, Parker-area buyers working with Tate Anderson are purchasing homes with as little as $1,000 total out of pocket.
Here’s what that can include:
- Non-repayable down payment grant funds
- Seller-paid closing costs
- Fast pre-approvals and local underwriting support
“Most people assume you need tens of thousands to buy your first home—but in this market, that’s simply not true,” says Tate Anderson, founder of Local Mortgage Partners.
Why Sellers Are Paying Closing Costs Again
One of the biggest market shifts in 2025 is the return of seller-paid closing costs, something the Parker housing market hasn’t seen in nearly a decade. Higher interest rates have led to longer days on market, giving buyers more negotiation power.
For first-time buyers, that means one less upfront cost to worry about—and more flexibility when budgeting for furniture, repairs, or emergencies after move-in.
Do I Qualify for a First-Time Buyer Grant?
You don’t need to be a first-time buyer in the traditional sense. Many programs define "first-time" as someone who hasn’t owned a home in the past three years. In this program, you can be a repeat homebuyer even if you just sold another home.
Common qualifications include:
- Minimum credit score of 620 (varies by program)
- Steady employment and verifiable income
- A primary residence purchase (not investment)
Tate Anderson and the Local Mortgage Partners team will walk you through eligibility requirements, program options, and what works best for your financial goals.
Why Work With a Local Mortgage Broker in Parker, CO?
Choosing a local mortgage broker instead of a national mortgage lender gives you an edge:
- Faster approvals with in-town processors
- Expertise on Parker-specific grant programs
- Relationships with local real estate agents and title companies
- Tailored loan solutions instead of one-size-fits-all offerings
Unlike big banks, Local Mortgage Partners acts as an advocate for your best interests—shopping multiple lenders on your behalf to find the most favorable terms.
Ready to See What You Qualify For?
If you’ve been on the fence about buying your first home, now’s the time to act. Grant funds are limited, and seller incentives won’t last forever.
👉 Schedule a Free Consultation with a mortgage broker in Parker, CO today and explore how you could become a homeowner for as little as $1,000.
About Local Mortgage Partners
Local Mortgage Partners is a trusted Parker-based mortgage broker offering personalized mortgage solutions, down payment assistance guidance, and expert loan structuring for first-time and seasoned buyers alike.
This blog post is for informational purposes only. All loan program availability, eligibility, and terms are subject to change based on lender criteria and government funding.