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Rental Assistance

FSWB Bird Icon La Plata County Renters

(Scroll down for all other Colorado rural counties.)

 

Need help with first, last and security? Let us help with a Micro-Loan!

The La Plata County Workforce Rental Assistance Program offers low-cost, fixed-rate micro-loans of up to $5,000 to cover first month’s rent, last month’s rent and/or a security deposit for eligible La Plata County renters.

Loan Terms:

  • $5,000 Maximum Loan Amount
  • Unsecured (no collateral required)
  • 2% Annual Percentage Rate*
  • Payable over 3 years with monthly principal and interest payments
  • *$5,000 loan amount @ 2% Annual Percentage Rate: 36 monthly payments of $143.22
  • No associated fees or pre-payment penalty

Requirements:

  • Borrower must make 80% or less of Area Median Income (AMI) for La Plata County.
  • Lease agreement must be for a minimum of one year. Proof of NEW 12-month lease must be provided.
  • Rental property must be located in La Plata County.
  • No minimum FICO score is required.
  • This program is first come, first served and limited to $150,000.
  • Loan will be limited to one loan per residence. Co-borrowers are permitted though loans will be capped at $5,000.
  • No preferred rate reduction for automatic payment.

Questions?

Email: info@fswb.bank
Call: 970-375-1100
Apply today!


The La Plata County Workforce Rental Assistance Program is made possible through a partnership between La Plata Economic Development Alliance, La Plata County, City of Durango and First Southwest Bank.

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A resident of another Colorado rural county?

The Workforce Rental Assistance Program offers low-cost, fixed-rate micro-loans of up to $5,000 to cover first month’s rent, last month’s rent and/or a security deposit for eligible renters in all other Colorado rural counties.

Loan Terms:

  • $5,000 Maximum Loan Amount
  • Unsecured (no collateral required)
  • 2% Annual Percentage Rate*
  • Payable over 3 years with monthly principal and interest payments
  • *$5,000 loan amount @ 2% Annual Percentage Rate: 36 monthly payments of $143.22
  • No associated fees or pre-payment penalty

Requirements:

  • Borrower must make 100% or less of Area Median Income (AMI) for the county they will reside in.
  • Lease agreement must be for a minimum of one year. Proof of NEW 12-month lease must be provided.
  • Borrower must have a 600+ credit score with no active collections.
  • Loan will be limited to one loan per residence. Co-borrowers are permitted though loans will be capped at $5,000.
  • No preferred rate reduction for automatic payment.

Questions?

Email: info@fswb.bank
Call: 970-375-1100
Apply today!
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