Typical assistance ranges from $15,000 to $25,000, depending on program eligibility, with some programs reaching $100,000.
See what down payment assistance programs & grant options you have!
Colorado Housing Finance Agency First step down payment assistance program
The Colorado Housing Finance Agency First Step Program is a great down payment assistance program available to first time homebuyers as a loan or a grant to help overcome the high upfront cost of homeownership. You can get up to 3% of the home price as a grant or up to 4% of the home price as a loan.
Requirements include credit score, income, home owner education class, and also $1,000 of your own funds towards the down payment.
Colorado Housing Finance Agency Smart Step Program
Colorado Housing Finance Agency Smart step down payment assistance program
The Colorado Housing Finance Agency Smart Step Program is a great option for homebuyers looking to get a lower interest rate as it provides the lowest rate of all CHFA programs.
This program can be combined with the mortgage credit certificate to save you additional out of pocket expenses and also has similar requirements as the Colorado Housing Finance Agency First step program.
Colorado Housing Finance Agency preferred program
Colorado Housing Finance Agency preferred down payment assistance program
The Colorado Housing Finance Agency Preferred Program is available to reduce the cost of Mortgage Insurance.
You can use this program if you have 3% for down payment or if you have $1,000 and utilize one of the Colorado Housing Finance Agency down payment assistance programs.
The Colorado Housing Finance Agency Down payment grant
The Colorado Housing Finance Agency Down payment grant
The Colorado Housing Finance Agency Down Payment Grant program is a great option that provides up to 4% for a down payment. This program does not require the money to be paid back.
The Colorado Housing Finance Agency second mortgage loan
The Colorado Housing Finance Agency second mortgage loan
The Colorado Housing Finance Agency Second Mortgage Loan program is a great option that provides up to 5% for a down payment. The money does need to be paid back when you pay off the mortgage, sell the home, or refinance.
Colorado first time homebuyers
Colorado first time homebuyers
There are many great down payment assistance programs, grants and even loans available to first time homebuyers in Colorado that help with the high upfront cost of buying a home. See what is available for 2020!
Typical assistance ranges from $15,000 to $25,000, depending on program eligibility, with some programs reaching $100,000.
Thousands of Colorado Buyers Use Assistance Programs Every Year
Many qualified buyers reduce the upfront cost of homeownership using available programs designed to support affordability.
Eligibility varies based on income, credit profile, and location.
Check Eligibility
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