What type of loans does DURA offer?
DURA offers zero percent interest-deferred loans for those whose incomes are at or below 50 percent of the U.S. Department of Housing and Urban Development (HUD) Denver-Aurora median income, and one percent payback loans for those whose incomes are between 51 percent and 80 percent of the HUD median income. All loans are secured by a promissory note and a deed of trust. All loans are due upon sale or refinance of the property or when the owner ceases to occupy the home. 1% payback loans require monthly payments.
