Down Payment Assistance in Colorado (Up to $25,000)

Get help with your down payment and closing costs in Colorado

Buying a home in Colorado often comes down to one thing: cash-to-close. If you have the income to support a mortgage but are short on upfront funds, down payment assistance (DPA) can help cover your down payment and often your closing costs.

We help buyers access $3,600 to $25,000 in Colorado down payment assistance programs and guide you through the entire home-buying process—from renter to homeowner.

How Down Payment Assistance Works

Most programs fall into these categories:

• Grants: No repayment required
• 0% Second Mortgages: Repaid when you sell or refinance
• Forgivable Loans: Forgiven after a set period

Typical requirements may include:

• Primary residence purchase
• Income limits
• Minimum credit score (~620+)
• Homebuyer education course

Is Down Payment Assistance Worth It?

Benefits

• Buy sooner instead of waiting years to save
• Reduce cash needed at closing
• Keep more savings in reserve

Things to Consider

• Income and purchase price limits
• Possible education requirements
• Some options require repayment later
• Interest rates may vary slightly

Common Assistance Options

Option	How It Works	Repayment	Best For
4% Second Mortgage	Up to 4% of loan amount, 0% interest	Repaid when selling or refinancing	Lowest cash to close
3% Grant	Upfront grant assistance	No repayment	No second mortgage
First-Generation Assistance	Up to $25,000 for eligible buyers	Repaid upon sale/refinance	First-gen buyers

Popular Colorado Programs

CHFA (Colorado Housing and Finance Authority)

• Grants up to $25,000 or 3%
• Second mortgage up to 4%
• First-generation assistance available

MetroDPA

Similar to CHFA but with higher income limits in select areas.

CHAC

Flexible program for lower credit scores and unique income situations.

Who Qualifies?

• Income within program limits
• Credit score typically 620+
• Primary residence buyers
• Completion of homebuyer education

How Much Money Do You Need?

Even with assistance, most buyers need some funds for inspections and minimal contributions.

• Closing costs ~2% (often negotiable)
• Seller concessions may help
• Typical out-of-pocket: ~$1,000–$1,500

Our Process

1. Quick eligibility check
2. Get pre-approved
3. Find your home
4. Close and move in

Areas We Serve

Fort Collins, Loveland, Greeley, Windsor, Longmont, Thornton, Westminster, Boulder, Denver, Aurora, Highlands Ranch, and surrounding areas across Colorado.

FAQs

How much assistance can I get?

$3,600 to $25,000 depending on the program.

Is it free money?

Grants are free. Some programs require repayment later.

Do I need to be a first-time buyer?

Usually defined as not owning a home in the last 3 years.

Will I have a second monthly payment?

Most second mortgages have no monthly payment.

Can I use it for closing costs?

Yes, in many cases.