Colorado Home Buyer's Assistance Programs

The City of Boulder’s House to Homeownership (H2O) Program is a shared appreciation loan program that provides first-time homebuyers with a second loan of up to $100,000 on a market rate home purchased in the City of Boulder. Boulder Gov

Frequently Asked Questions:Who is eligible to borrow?

Borrowers may not own any other property (residential, commercial, improved, or land)

The purchased home must be located in Larimer or Weld County

The purchased home must be the borrower’s primary residence while the loan is outstanding

Borrower’s income must be at or below 120% Area Median Income for the applicable county the home is located in.

To see more information about borrower eligibility, please see our program criteria

How much money can I borrow and what are the basic loan terms?

Up to 15% of the home purchase price, with a maximum purchase price of $650,000

Funds maybe used for down payment, closing costs, and pre-paid items related to the primary loan.

May be stacked with other down payment assistance programs.

Borrower must have a minimum investment equal or greater than 5% of the purchase price.

Maximum term is 30 years NoCoFoundation.

Program Overview

Fixed interest rate first mortgage loan

Down payment and/or closing cost assistance: second mortgage loan* for up to 25% of the first mortgage loan amount.

Shared appreciation component: borrower shares a percentage of appreciation gained with the Public School Permanent Fund (PSPF) chfa schools to home program chfa schools to home program

Down Payment Assistance ProgramThe path to homeownership in Broomfield just became more accessible.

Through a partnership with DOLA (Prop 123) and the Colorado Housing Assistance Corporation (CHAC), first-time buyers can now secure a 30-year, interest-free loan for up to 10% of the purchase price.

This powerful funding covers down payments and closing costs, removing the primary barriers to entry for local buyers. Furthermore, the program now utilizes the latest Colorado legislation (SB26-040), which introduces flexible debt-to-income (DTI) waivers to help a wider range of residents qualify.

To participate, homebuyers must fit within the program’s income eligibility parameters and complete a mandatory Homeownership Training Course.

The City and County of Broomfield is providing this loan funding in coordination with CHAC to turn housing goals into reality and bridge the gap to a new front door.

Broomfield Colorado

Program Description

Down Payment Assistance Program (DPA)

The Southeast Colorado Regional Housing Authority (SECRHA) was established between six counties to affect affordable and attainable housing in our region.

We serve the counties of Baca, Bent, Crowley, Kiowa, Otero, and Prowers through housing development that is affordable for families, educators, health care workers, retirees, and others who choose to live the good life here in rural southeast Colorado.  

The down payment assistance program is offered to eligible homebuyers in our region.

Program Details
Awards of up to $55,000 in down payment assistance are available to homebuyers that qualify within income limits based on Area Median Income at or below 120% AMI*.  

Income qualification will require verification of income through tax forms and other documentation.  Down payment assistance funds will be incorporated into homebuyers' mortgage loans at 0-1% interest rates, depending on income eligibility.

Click here to see AMIs for each county.

Colorado Roots Down Payment Assistance Program

Down payment assistance available to first-time homebuyers purchasing a primary residence in eligible Colorado communities with a committed Proposition 123 Local Government Affordable Housing filing.

Borrowers may receive assistance of up to 10% of the home purchase price, not to exceed $50,000, which can be used for down payment, closing costs, and prepaid items.

The Shared Equity Finance Program is a non-amortizing, deferred second-position lien.

Through this program, DCHP provides funding of up to 20% of the purchase price, up to $41,000.00.  

This financing takes the form of a shared equity agreement in which DCHP is paid a percentage of the sale price or appraised value upon the borrower’s sale or refinance.  

To qualify for this program, borrowers must meet all requirements for Down Payment Assistance and qualify for a conventional first mortgage. DCHP

Denver denFirstGen FHA FICO: 620 - DPA: $30,000 - Lock Rate: 7.125% FHA * 1.5% Discount 6.750%

CHFA FirstGeneration and FirstGeneration Plus

Homeownership isn’t just for now—it can help build generational wealth for the future. CHFA FirstGenerationsm can help you begin your legacy of homeownership.

Up to $25,000 down payment 
Repayment deferred until events such as payoff of first mortgage loan, sale or refinance of home, or if the home is no longer your primary residence.. DCHP

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Down Payment and/or Closing Cost Assistance Options

Homebuyers using one of our first mortgage loan programs to finance their home purchase are eligible to use CHFA assistance options to help with down payment and/or closing costs. Even if you contribute towards a down payment, you may still use one of the options below.

Down Payment Assistance Grant* 

Up to the lesser of $25,000 or 3 percent of your first mortgage**  
(Example: Get up to $6,000 on a $200,000 mortgage)

No repayment required

Second Mortgage Loan*

Up to the lesser of $25,000 or 4 percent of your first mortgage**
(Example: Get up to $8,000 on a $200,000 mortgage)

Individuals living with a permanent disability or first-generation homebuyers can access specific programs offering up to $25,000 regardless of first mortgage amount**

Repayment of loan balance deferred until certain events, such as payoff of your first mortgage, or the sale or refinance of the home, or the home is no longer your primary residence. 

* Higher interest rates apply
**For a 30-year, fixed-rate loan

About the Program

The Pikes Peak Down Payment Assistance (PPDPA) program provides a fully forgivable DPA loan to individuals and families who want to purchase a home anywhere in El Paso County, Colorado, including the City of Colorado Springs.

Qualified homebuyers may receive up to 5% in DPA in the form of a soft second mortgage loan at 0% interest that is fully forgivable at 30 years.

Because this is not a bond program, there is no first-time homebuyer requirement and borrowers are not subject to federal “recapture tax.”