Our Interest Rate Fighter Programs

​Ready to Buy a New Home in the Denver Area—But Concerned About Interest Rates?​

You're not alone. If interest rates are making you hesitate, Terrace TownHomes has solutions to help you move forward confidently. We’ve teamed up with our mortgage companies to offer loan programs and buyer incentives designed to ease the burden. Our Interest Rate Fighter programs are a total knockout for homebuyers!

We’re in Your Corner

We understand the financial challenges in today’s market. That’s why Terrace TownHomes, through our mortgage companies, provides multiple paths to homeownership, including rate buydowns, adjustable-rate loans, down payment assistance, and programs for everyday heroes. 

Save Big with the 2-1 Buy Down

A 2-1 Buy Down is a great way to ease into a 30-year fixed mortgage. Here’s how it works:

Year 1: Your interest rate is reduced by 2%

Year 2: Your interest rate is reduced by 1%

Year 3 onward: You pay your locked-in rate for the remainder of the loan

Prefer Flexibility? Consider the 5-1 Adjustable Rate Loan

If you don’t plan to stay in your home long-term, a 5-1 Adjustable Rate Mortgage (ARM) might be ideal.

This loan gives you a lower, fixed rate for the first 5 years.

EXAMPLE

Years 1–5: Fixed rate 

Year 6 onward: Rate adjusts annually, capped at:

1% per year

5% over the life of the loan

Perfect for buyers planning to move or refinance within 5 years.

Fixed-Rate Loans with Low Down Payments

• FHA Loans: Just 3.5% down and competitive interest rates—great for first-time buyers
• CHFA Programs: Special financing and incentives for first-time Colorado homebuyers

• VA Loans

No down payment

Lower-than-market interest rates

30-year fixed rate

Get 1% of your loan amount as a closing cost credit

That’s $6,000 on a $600,000 loan!

Same 1% closing cost credit for teachers and school staff

Need Help with the Down Payment?

There are great local programs available:

• CHFA Down Payment Assistance

Up to 3% of your loan amount—not repayable!

Requirements:

Minimum 620 credit score

At least $1,000 to put toward the purchase

Must meet income limits

• metroDPA

Offers grants and forgivable loans for buyers in specific Denver metro areas

Requirements:

Minimum 640 credit score

Income limit: $176,700

Extended Rate Lock - Protection Against Market Changes

Secure your rate for up to 360 days with the Extended Rate Lock Program. Pay a small fee (1/8 to 1 point), which is credited back at closing.

Even Better? If rates drop, your locked rate drops too.

​

We’re Fighting for You

Buying a home doesn’t have to be a battle. With Terrace TownHomes and Cross Country, you’ve got a winning team in your corner—offering you flexibility, affordability, and confidence.

We’re currently building beautiful, distinctive townhomes in Arvada, designed with comfort, quality, and eco-friendly living in mind.

See the Difference for Yourself

Browse our photo gallery

Take a 3D virtual tour

Check out our long list of standard features

Learn about our GreenSide Living initiative for energy-efficient, environmentally responsible homes

Terrace TownHomes—where the difference is in the details.

 Ready to explore your options? Contact us today and discover how easy it can be to own your dream home in Denver.