Colorado Down Payment Assistance
Colorado Down Payment Assistance Programs
A guide to current down payment assistance options in Colorado, including the state Housing Finance Agency, well-known city and county programs, and live DPA mortgage pricing for Colorado homebuyers.
Colorado Housing Finance Agency
Colorado Housing and Finance Authority (CHFA)
CHFA administers the primary DPA programs for Colorado. Program details below are current as of October 17, 2026 - confirm current terms directly with CHFA before applying.
Statewide DPA Programs in Colorado
CHFA Down Payment Assistance Grant
CHFA
Grant of up to the lesser of $25,000 or 3% of the first mortgage toward down payment or closing costs; no repayment required.
Paired with: Conventional, FHA, VA, USDA
- Primary residence only
- Minimum FICO: 620
- Income: Income must be within CHFA limits; see CHFA schedule.
- Homebuyer education required
Must be used with a CHFA first mortgage through a CHFA participating lender. Borrower contributes at least $1,000.
Source: www.chfainfo.com
CHFA Down Payment Assistance Second Mortgage Loan
CHFA
Silent second of up to the lesser of $25,000 or 4% of the first mortgage. Repayment deferred until sale, refinance, payoff of the first mortgage, or when the home is no longer the primary residence.
Paired with: Conventional, FHA, VA, USDA
- Primary residence only
- Minimum FICO: 620
- Income: Income must be within CHFA limits; see CHFA schedule.
- Homebuyer education required
Source: www.chfainfo.com
CHFA HomeAccess Second Mortgage
CHFA
Up to $25,000 as a 0% deferred second mortgage for down payment and closing costs. Available to buyers with a permanent disability, or custodial parents of a dependent with a permanent disability.
Paired with: FHA, USDA
- Primary residence only
- Minimum FICO: 620
- Income: Income must be within CHFA limits; see CHFA schedule.
- Homebuyer education required
Principal due at sale, refinance, payoff of first mortgage, or when the home is no longer the primary residence. Borrower contributes at least $500.
Source: www.chfainfo.com
CHFA FirstGeneration Program
CHFA
$25,000 deferred second mortgage for down payment and closing costs, regardless of first mortgage amount.
- First-time homebuyer: Required
- Primary residence only
- Minimum FICO: 620
- Income: Income must be within CHFA limits; see CHFA schedule.
- Homebuyer education required
At least one borrower must be first-generation (never owned a home, and parents or guardians never owned during the borrower's lifetime); former foster youth also qualify. All borrowers must be first-time buyers. Repayment deferred until sale, refinance, payoff, or no longer primary residence. Must be paired with a CHFA first mortgage.
Source: www.chfainfo.com
Major City & County Programs in Colorado
CHAC Down Payment Assistance
Colorado Housing Assistance Corporation (CHAC) · Statewide Colorado (nonprofit)
Second mortgage of 6% of the sales price or appraised value (whichever is less), $5,000 to $12,000, for low and moderate income first-time homebuyers. Either 3% amortizing over 30 years, or 0% with no payments for 5 years then 5% over 25 years.
Nonprofit program. A separate Disability Program offers up to $10,000 at 0%, deferred until sale or transfer. Income limits vary by county. Homebuyer class and CHAC counseling required.
Source: chaconline.org
Colorado Notes for Homebuyers
- Colorado uses deeds of trust with a Public Trustee system for foreclosures.
- Closings are typically handled by title companies; attorney involvement is optional.
2026 Loan Limits in Colorado
Conforming (Conventional)
$832,750 baseline
Some Colorado counties qualify as high-cost, with limits up to $1,249,125.
FHA
$541,287
Standard FHA limit. Select high-cost Colorado counties allow more, up to $1,249,125.
Live DPA Pricing for Colorado
Pricing below is sourced live from hundreds of wholesale lenders for a Colorado scenario. Edit the inputs to match your situation.
FHA Down Payment Assistance
Up to 5% assistance; repayable second at first rate + 2% over 10 years
▸Program details
- ✓Minimum credit score: 580
- ✓Non-traditional credit also possible
- ✓Assistance up to 2.5%, 3.5%, or 5% of the lesser of purchase price or appraised value
- ✓Assistance can be used for down payment, closing costs, or both
- ✓Second lien: 10-year fixed, repayable
- ✓Second lien rate is 2% higher than the first mortgage rate
- ✓No first-time homebuyer requirement
- ✓No income cap
- ✓Purchase of primary residence only
- ✓Eligible properties: 1-unit residences, PUD, 2-4 units, FHA-approved condos, manufactured (single/double-wide)
- ✓DTI per AUS and FHA manual underwriting guidelines
- ✓First lien: FHA 30-year fixed
Assistance amount
Compare DPA options for Colorado with live pricing
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