Get the support you need to make your dream home a reality with up to $25,000 in assistance.
Verify Your CHFA Down Payment Assistance Eligibility
Colorado Housing and Finance Authority (CHFA) offers down payment and closing cost assistance to Colorado residents who qualify for its mortgage programs.
With options for grants and second mortgages, eligible first-time buyers can access up to $25,000, providing flexibility in making homeownership achievable and affordable.
This program is designed to support homebuyers with the upfront costs of purchasing a home, making the journey to homeownership smoother and more accessible.
CHFA Down Payment Assistance Eligibility Calculator - Use this simple calculator to determine if you qualify for the Colorado Housing and Finance Authority (CHFA) Down Payment Assistance Program.
Up to $25,000 in assistance available.
No repayment required for grants.
Second mortgage options with deferred repayment.
Access to specialized assistance for first-generation homebuyers.
Support for those with permanent disabilities.
Make sure you meet these criteria to qualify:
Must be a first-time homebuyer in Colorado.
Meet income limits set by CHFA for your region.
Use CHFA’s mortgage programs as your primary loan.
Complete an approved homebuyer education course.
Property must serve as your primary residence.
Verify Your Eligibility Online
Take a Homebuyer Education Class
Claim Your Assistance
CHFA’s Down Payment Assistance is offered as either a non-repayable grant or a deferred second mortgage loan up to $25,000.
The grant reduces upfront costs without requiring repayment.
The second mortgage loan, subordinate to the primary mortgage, is deferred until specific events, such as full repayment, refinance, sale, transfer of title, or a change in the property’s use as the borrower’s primary residence.
Terms governing the second mortgage are outlined in the loan agreement, detailing principal, interest, and conditions of repayment.
Get answers to the most common questions about CHFA Down Payment Assistance.
CHFA provides both down payment grants and second mortgage options to help cover initial homebuying costs.
To qualify, you must be a first-time homebuyer in Colorado, meet income requirements, and complete a homebuyer education course.
Repayment is deferred until specific events, such as the payoff of the first mortgage, sale, or refinancing of the property.
CHFA offers both grant options, which do not require repayment, and deferred second mortgage loans for additional support.
Yes, even if you have some savings, you may still qualify to receive additional assistance through CHFA.
Eligible homebuyers can receive up to $25,000, depending on their needs and the type of assistance chosen.
Yes, first-generation homebuyers may qualify for specific assistance options, potentially accessing the maximum benefit regardless of mortgage amount.
Yes, a higher interest rate applies to the second mortgage option, but repayment is deferred under the specified terms.
The timeline varies, but the process generally involves completing eligibility checks, attending a homebuyer education class, and working with a CHFA-approved lender.
With years of experience in Colorado’s housing market, we have helped thousands of residents become homeowners.
Our local expertise and dedication to supporting first-time buyers make us a trusted partner in your journey to homeownership.
We are dedicated to helping you find the best pathway to affordable homeownership, backed by expertise and a track record of success.
