Colorado offers 65 down payment assistance programs to help homebuyers cover their down payment and closing costs. This includes 9 grant programs that never require repayment. Programs range from statewide options administered by the state housing finance agency to local city and county programs targeting specific communities.
Maximum assistance available reaches $850,000 through the most generous program. Credit score requirements start as low as 620 for some programs. Most programs require the home to be your primary residence, and many require homebuyer education.
Top Down Payment Assistance Programs in Colorado
Highlighted programs that combine high assistance amounts with statewide or major-metro availability. See the full list below.
Eagle County Loan Fund (ECLF)
verifyEagle County Housing
5% of purchase price (Shared Equity (max UP TO 5% of purchase price (Shared Equity, max $850,000 purchase price); or max $42,500 amortized (FHA product))
Middle Income Down Payment Assistance Pilot Program
verifyCity of Boulder
30 (max $200,000)
100+ ADVANTAGE LOAN
openHomes Fund
30 (max $150,000)
AHIF Affordable Housing Investment Fund
openHomes Fund
30 (max $150,000)
City of Boulder House to Homeownership (H2O) Program
verifyCity of Boulder
UP TO $100,000
Grant Programs (9)
Grants are the gold standard of down payment assistance. You receive the money and never have to pay it back.
CHFA Down Payment Assistance Grant
Colorado Housing and Finance Authority
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Townhouse/PUD, Condominium
- Max Price
- Not specified
Quick Facts
- Loan Types
- FHA, VA, USDA-RD, USDA-RD +1
- Assistance Type
- grant
- Profession
- All
- Homebuyer Ed.
- Yes
Down Payment Assistance
Confederated Tribes of Grand Ronde - Housing
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- Not specified
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +4
- Assistance Type
- grant
- Profession
- All
- Homebuyer Ed.
- Yes
FHLBank Topeka Homeownership Set-Aside Program (HSP)
Federal Home Loan Bank of Topeka (via participating member financial institutions)
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- 80% AMI
- Min Credit Score
- Not specified
- Property Types
- Single-family
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- grant
- Profession
- all
- Homebuyer Ed.
- Yes
Repayment Terms
Grant. no repayment required (5-year retention period via Real Estate Retention Agreement)
Additional Requirements
Homebuyer education required (CreditSmart, Framework, or Homeview). Must be completed within current or previous calendar year of closing date.. Must apply through a participating FHLBank Topeka member institution
Notes
Must be first-time homebuyer. Occupancy requirement: Primary residence; 5-year retention period
Solution Grant Down Payment Assistance
City of Boulder
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- Not specified
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +4
- Assistance Type
- grant
- Profession
- All
- Homebuyer Ed.
- Yes
FHLBank Topeka Homeownership Possibilities Expanded (HOPE)
Federal Home Loan Bank of Topeka (via participating member financial institutions)
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- 115% AMI
- Min Credit Score
- Not specified
- Property Types
- Single-family
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- grant
- Profession
- all
- Homebuyer Ed.
- Not specified
Repayment Terms
Grant with 5-year retention period via Real Estate Retention Agreement
Additional Requirements
Must apply through a participating FHLBank Topeka member institution. Real Estate Retention Agreement (RERA) required
Notes
Not required. 'Unlike many down payment assistance programs, HOPE is not limited to first-time homebuyers'. Occupancy requirement: Primary residence; 5-year retention period via Real Estate Retention Agreement (RERA)
Metro Down Payment Assistance Program
Metro DPA
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Based on AMI
- Min Credit Score
- 620+
- Property Types
- Single-family, Condo, Townhome, PUD
- Max Price
- Not specified
Quick Facts
- Loan Types
- FHA, VA, USDA, Conventional
- Assistance Type
- grant
- Profession
- all
- Homebuyer Ed.
- Yes
Interest Rate
0% on second mortgage
Repayment Terms
Forgiven after 3 years of occupancy
Notes
Occupancy requirement: 3 years
El Paso County Turnkey Plus Mortgage Program
El Paso County Housing Authority
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- $108,920 annual household income
- Min Credit Score
- 640+
- Property Types
- Single-family
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- grant
- Profession
- all
- Homebuyer Ed.
- Not specified
Repayment Terms
Grant. no repayment required
Additional Requirements
30-year fixed-rate mortgage through participating lender
Notes
No first-time homebuyer requirement. No federal recapture tax.. Occupancy requirement: Primary residence. Max DTI: 45%
Homebuyer Assistance Program
Gunnison-Crested Butte Association of Realtors
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Townhouse/PUD, Condominium, Manufactured
- Max Price
- Not specified
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +4
- Assistance Type
- grant
- Profession
- All
- Homebuyer Ed.
- Not specified
Homeowner Grant
Project I See You
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Townhouse/PUD, Condominium
- Max Price
- Not specified
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +4
- Assistance Type
- grant
- Profession
- All
- Homebuyer Ed.
- Yes
Forgivable Loans (5)
Forgivable loans are forgiven after a set period of living in the home. If you stay, you keep the money.
CRHDC NeighborhoodLIFT Program
Community Resources and Housing Development Corporation (CRHDC)
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Income limits apply (contact for current...
- Min Credit Score
- Not specified
- Property Types
- Single-family, Townhome, Condo, 1-4 unit, PUD
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- forgivable loan
- Profession
- teachers, veterans, first responders
- Homebuyer Ed.
- Yes
Repayment Terms
Second mortgage forgiven 20% per year of residency; 100% forgiven after 5 years
Additional Requirements
8-hour homebuyer education session with CRHDC or HUD-approved counseling agency. Preferential treatment for first responders, military service members, and teachers
Notes
Available to first-time and repeat homebuyers. Occupancy requirement: 5 years for full forgiveness
Greeley G-HOPE (Home Ownership Program for Employees)
City of Greeley Housing Solutions
Eligibility Snapshot
- First-Time Buyer
- Not specified
- Income Limit
- 2025 Colorado Income Limits apply
- Min Credit Score
- Not specified
- Property Types
- Single-family
- Max Price
- Not specified
Quick Facts
- Loan Types
- Conventional
- Assistance Type
- forgivable loan
- Profession
- all
- Homebuyer Ed.
- Not specified
Repayment Terms
Forgiven at 20% per full year of residency; 100% forgiven after 5 years
Additional Requirements
Must be full-time employee of qualifying employer: City of Greeley, University of Northern Colorado, Weld School District 6, Banner Health/NCMC, JBS, Frontier Academy Charter School, Sunrise Community Health, North Range Behavioral Health, and others. Minimum $1,000 in buyer's own funds toward purchase
Notes
Occupancy requirement: Primary residence; must reside in home for 5 years for full forgiveness
Pueblo County Homeownership Program (HDAP)
City of Pueblo
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Income limits apply
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- forgivable loan
- Profession
- all
- Homebuyer Ed.
- Not specified
Repayment Terms
Forgiven after 5 years of occupancy
Notes
Occupancy requirement: 5 years
Telluride Foundation Housing Opportunity Fund (HOF) Forgivable Loan
Telluride Foundation
Eligibility Snapshot
- First-Time Buyer
- Not specified
- Income Limit
- 150% AMI
- Min Credit Score
- Not specified
- Property Types
- Deed-restricted homes
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- forgivable loan
- Profession
- all
- Homebuyer Ed.
- Not specified
Repayment Terms
100% forgiven on 2nd anniversary of loan disbursement date
Notes
Occupancy requirement: Primary residence; must have worked full-time (minimum 1,400 hours annually) in service area for at least 12 months prior
Pikes Peak Down Payment Assistance (PPDPA)
El Paso County Housing Authority
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- $174,440 (government loan products: FHA,...
- Min Credit Score
- Not specified
- Property Types
- Single-family
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- forgivable loan
- Profession
- first responders
- Homebuyer Ed.
- Not specified
Income Limits
$174,440 (government loan products: FHA, VA, USDA); $90,720 (Freddie Mac conventional loans)
Check AMI limits for your county →Interest Rate
0%
Repayment Terms
0% interest soft second mortgage. 50% forgiven pro rata over first 5 years (1/60th per month). Remaining 50% forgiven at end of 30-year term. Due upon payoff of first mortgage.
Additional Requirements
Apply through participating mortgage lender. 1% Hometown Heroes grant available for qualifying workers (first responders, etc.)
Notes
No first-time homebuyer requirement. No federal recapture tax.. Occupancy requirement: Primary residence
Deferred Payment Loans (39)
Deferred loans require no monthly payments while you live in the home. You repay when you sell, refinance, or move out.
Middle Income Down Payment Assistance Pilot Program
City of Boulder
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- $1,375,000
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +4
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Interest Rate
None
Repayment Terms
Deferred Payment - Repayable at sale or refinance
100+ ADVANTAGE LOAN
Homes Fund
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- $640,000
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +4
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Repayment Terms
Deferred Payment - Repayable at sale or refinance
AHIF Affordable Housing Investment Fund
Homes Fund
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- $640,000
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +4
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Repayment Terms
Deferred Payment - Repayable at sale or refinance
City of Boulder House to Homeownership (H2O) Program
City of Boulder
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- 120% AMI
- Min Credit Score
- Not specified
- Property Types
- Single-family, Condo, Townhome
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- deferred loan
- Profession
- all
- Homebuyer Ed.
- Yes
Income Limits
120% AMI (1-person: $126,600; 4-person: $190,440; 8-person: $238,560)
Check AMI limits for your county →Interest Rate
0%
Repayment Terms
0% interest, no payments for 30 years. At sale or title transfer: original loan amount plus pro-rata share of appreciation is due.
Notes
Must not have owned a home within previous 3 years (exception for divorce). Occupancy requirement: Primary residence; must work in City of Boulder
FLC Employee Mortgage Assistance Program
Homes Fund
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- $640,000
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +4
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
PURGATORY/DMR Program
Homes Fund
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- $640,000
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +4
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Housing Resources of Western Colorado DPA
Housing Resources of Western Colorado
Eligibility Snapshot
- First-Time Buyer
- Not specified
- Income Limit
- 120% AMI
- Min Credit Score
- Not specified
- Property Types
- single-family, condo, townhome, manufactured
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- deferred loan
- Profession
- all
- Homebuyer Ed.
- Not specified
Income Limits
Up to 120% AMI (approximately $104,400 for family of 4)
Check AMI limits for your county →Interest Rate
0%
Repayment Terms
0% interest, no monthly payments. Repaid upon sale or refinance.
Notes
Occupancy requirement: Primary residence
Colorado Roots Down Payment Assistance Program
Impact Development Fund (administrator); Colorado Division of Housing (funding source)
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- 100% AMI
- Min Credit Score
- Not specified
- Property Types
- Single-family
- Max Price
- $50,000
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- deferred loan
- Profession
- all
- Homebuyer Ed.
- Not specified
Income Limits
Income limits apply; 100% and 80% AMI thresholds by county
Check AMI limits for your county →Repayment Terms
Deferred loan; specific repayment terms per program agreement
Additional Requirements
Community must have active Proposition 123 filing with Colorado Division of Housing
Notes
Must be first-time homebuyer purchasing a primary residence in an eligible community. Occupancy requirement: Primary residence
Complete Community City of Durango Program
Homes Fund
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- $640,000
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +4
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
AFFORDABILITY Program
Homes Fund
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- $640,000
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +4
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
MIMAP Moderate Income Loans Program
Homes Fund
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- $640,000
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +4
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
ECLF Down Payment Assistance Program (Amortized Loan)
Eagle County
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, 2 units, Condominium, Townhouse/PUD, Manufactured, Modular
- Max Price
- $850,000
Quick Facts
- Loan Types
- FHA
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
ECLF Equity Share Down Payment Assistance Program
Eagle County
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, 2 units, Condominium, Townhouse/PUD, Manufactured, Modular
- Max Price
- $850,000
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, VA, USDA-RD +3
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Interest Rate
None
Repayment Terms
Deferred Payment - Repayable at sale or refinance
Down Payment Assistance (Shared Equity Program)
Douglas County Housing Partnership
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- $556,000
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +4
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Interest Rate
None
Repayment Terms
Deferred Payment - Repayable at sale or refinance
Dearfield Fund for Black Wealth
The Dearfield Fund (supported by Gary Community Ventures)
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- 140% AMI
- Min Credit Score
- Not specified
- Property Types
- Single-family, Condo, Townhome
- Max Price
- Not specified
Quick Facts
- Loan Types
- Conventional
- Assistance Type
- deferred loan
- Profession
- all
- Homebuyer Ed.
- Not specified
Interest Rate
0%
Repayment Terms
0% interest, no monthly payments. At sale or refinance: original DPA amount plus 5% of home's appreciation.
Additional Requirements
Minimum 3% borrower personal down payment contribution
Notes
Must be first-time homebuyer who has faced systemic barriers to owning a home (program originally focused on Black and African American homebuyers; current site uses 'systemic barriers' language). Occupancy requirement: Primary residence
Eagle County Division of Housing Down Payment Assistance Program
Eagle County
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, 2 units, Condominium, Townhouse/PUD, Manufactured
- Max Price
- Not specified
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +4
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Summit Revolving Loan Fund Down Payment Assistance Loan Program
Summit Combined Housing Authority
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD, Manufactured, Community Land Trust, M...
- Max Price
- Not specified
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +4
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Larimer County IDF Down Payment Assistance (FirstBank)
Impact Development Fund / FirstBank
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- 80% AMI
- Min Credit Score
- Not specified
- Property Types
- Single-family
- Max Price
- $30,000
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- deferred loan
- Profession
- all
- Homebuyer Ed.
- Not specified
Repayment Terms
Deferred (terms per IDF/FirstBank agreement)
Notes
First-time homebuyers only. Occupancy requirement: Primary residence
CHFA First-Generation Homebuyer Program
Colorado Housing and Finance Authority (CHFA)
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Must meet standard CHFA income requireme...
- Min Credit Score
- 620+
- Property Types
- Single-family, Condo, PUD, Manufactured housing on permanent foundation
- Max Price
- Not specified
Quick Facts
- Loan Types
- FHA
- Assistance Type
- deferred loan
- Profession
- all
- Homebuyer Ed.
- Yes
Interest Rate
0% deferred second mortgage
Repayment Terms
Deferred until payoff of first mortgage, sale, refinance, or home is no longer primary residence
Additional Requirements
Borrower submits affidavit attesting to first-generation status. Can be paired with other DPA structured as community seconds if underwriting guidelines met. CHFA-approved homebuyer education course
Notes
All borrowers must be first-time homebuyers (no home ownership in prior 3 years). At least one borrower must qualify as first-generation: never owned a home AND parents/guardians never owned a home during the buyer's lifetime. Foster care individuals need not meet first-gen criteria but must be first-time buyers.. Occupancy requirement: Primary residence
CHFA Down Payment Assistance Second Mortgage Loan
Colorado Housing and Finance Authority
Eligibility Snapshot
- First-Time Buyer
- Not specified
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Townhouse/PUD, Condominium
- Max Price
- $806,500
Quick Facts
- Loan Types
- FHA, Freddie Mac, Fannie Mae, VA, USDA-RD +4, Fannie Mae +1, USDA-RD +1
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Repayment Terms
Deferred Payment - Repayable at sale or refinance
Colorado Down Payment Assistance Fund
Impact Development Fund
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family
- Max Price
- Not specified
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, VA, USDA-RD +3
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- No
Interest Rate
Households at 80% or less AMI - 0.00% fixed interest rate. Households at 81-100% AMI - 1.00% fixed interest rate.
Repayment Terms
Monthly Payments
Down Payment Assistance Program
San Luis Valley Housing Coalition
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- Not specified
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +4
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Down Payment Assistance (Amortizing loan program)
Douglas County Housing Partnership
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- $556,000
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +4
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Estes Valley Workforce Housing Assistance (EVWHA) Down Payment Loan Program
Estes Park Housing Authority
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- Not specified
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +4
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Larimer Home Ownership Program (LHOP) Down Payment Assistance Program
Estes Park Housing Authority
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- Not specified
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +4
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Interest Rate
1%
Repayment Terms
Deferred Payment - Repayable at sale or refinance
IMPACT Program
Homes Fund
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- $640,000
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +4
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
CHAC Statewide Program - 5 Year Deferral
California Housing Accelerator
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- Not specified
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA +2
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Interest Rate
5% Fixed Simple Interest Rate
Repayment Terms
Deferred Payment - Repayable at sale or refinance
CHAC Statewide Program - Immediate Payback
California Housing Accelerator
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- Not specified
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA +2
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Disability Program
California Housing Accelerator
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- Not specified
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA +2
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Interest Rate
None
Repayment Terms
Deferred Payment - Repayable at sale or refinance
Eagle Ranch Housing Corporation Assistance Program
Eagle County
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, 2 units, Condominium, Townhouse/PUD
- Max Price
- $600,000
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, VA, USDA-RD +3
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Interest Rate
2.5% simple interest
Repayment Terms
Deferred Payment - Repayable at sale or refinance
Boulder County Down Payment Assistance Program
Boulder County / City of Longmont
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Income requirements apply
- Min Credit Score
- Not specified
- Property Types
- Single-family, Newly constructed homes
- Max Price
- $411,000 (existing); $462,000 (newly constructed)
Quick Facts
- Loan Types
- Conventional
- Assistance Type
- deferred loan
- Profession
- all
- Homebuyer Ed.
- Yes
Interest Rate
0% deferred (under 60% AMI) or 3% amortized over 10 years (61-80% AMI)
Repayment Terms
Varies
Larimer County Impact Development Fund DPA
Impact Development Fund
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- 80% AMI
- Min Credit Score
- Not specified
- Property Types
- Single-family
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- deferred loan
- Profession
- all
- Homebuyer Ed.
- Not specified
Repayment Terms
Deferred
Metro Down Payment Assistance Program (MetroDPA)
Metro DPA
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- $210,150 maximum household income
- Min Credit Score
- 620+
- Property Types
- Single-family, Condo, Townhome, PUD
- Max Price
- Not specified
Quick Facts
- Loan Types
- FHA, VA, USDA, Conventional
- Assistance Type
- deferred loan
- Profession
- all
- Homebuyer Ed.
- Yes
Interest Rate
0%
Repayment Terms
30-year deferred second mortgage at 0% interest. No monthly payments required while living in home. Balance due upon sale, refinance, or home no longer primary residence.
Notes
Not required. Occupancy requirement: Primary residence
Garfield County Housing Authority Down Payment Assistance
Garfield County Housing Authority
Eligibility Snapshot
- First-Time Buyer
- Not specified
- Income Limit
- 80-100% AMI
- Min Credit Score
- Not specified
- Property Types
- Single-family
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- deferred loan
- Profession
- all
- Homebuyer Ed.
- Not specified
Repayment Terms
Contact for terms
Additional Requirements
Must apply through Impact Development Fund origination network
Notes
Occupancy requirement: Primary residence
Metro DPA Downpayment Assistance
City and County of Denver
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- Not specified
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +4
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Interest Rate
None
Repayment Terms
Deferred Payment - Repayable at sale or refinance
Turnkey Plus Downpayment Assistance
El Paso County
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- Not specified
Quick Facts
- Loan Types
- FHA, Freddie Mac, VA, USDA-RD
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Interest Rate
None
Repayment Terms
Forgivable - Fully forgiven at closing or forgiven on a schedule
County of San Luis Obispo FTHB
San Luis Valley Housing Coalition
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Townhouse/PUD, Condominium, 2 units, 3 units
- Max Price
- Not specified
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +4, Fannie Mae +1, USDA-RD +1
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Not specified
Chenoa Fund FHA Down Payment Assistance Forgivable
CBC Mortgage Agency (Chenoa Fund)
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, 2 units, Leasehold, Condominium, Townhouse/PUD, Manufactured
- Max Price
- $766,550
Quick Facts
- Loan Types
- FHA
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Chenoa Fund FHA Down Payment Assistance Repayable
CBC Mortgage Agency (Chenoa Fund)
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, 2 units, Leasehold, Condominium, Townhouse/PUD, Manufactured
- Max Price
- $766,550
Quick Facts
- Loan Types
- FHA
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Interest Rate
Note rate 1% above the first mortgage note rate
Repayment Terms
This loan does require a monthly payment on the second mortgage.
Second Mortgages (6)
These programs provide DPA as a second mortgage, sometimes with monthly payments, sometimes deferred.
Eagle County Division of Housing (ECDOH) Down Payment Assistance
Eagle County Division of Housing
Eligibility Snapshot
- First-Time Buyer
- Not specified
- Income Limit
- 80% AMI
- Min Credit Score
- Not specified
- Property Types
- Single-family
- Max Price
- $40,000
Quick Facts
- Loan Types
- Conventional, USDA, VA
- Assistance Type
- second mortgage
- Profession
- all
- Homebuyer Ed.
- Not specified
Interest Rate
2.5%
Repayment Terms
Amortized 30 years at 2.5% interest, with optional 60-month deferral at loan inception
Notes
Occupancy requirement: Primary residence; must be employed in Eagle County
Douglas County Housing Partnership DPA
Douglas County Housing Partnership (DCHP)
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- 80% AMI
- Min Credit Score
- Not specified
- Property Types
- Single-family, Condo, Townhome
- Max Price
- $556,000
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- second mortgage
- Profession
- all
- Homebuyer Ed.
- Yes
Income Limits
80% AMI (1-person: $66,300; 2-person: $75,800; 4-person: $94,650)
Check AMI limits for your county →Interest Rate
3%
Repayment Terms
30-year amortized second mortgage at 3% interest
Notes
Must be first-time homebuyer as defined by HUD. Occupancy requirement: Primary residence
CHAC (Colorado Housing Assistance Corporation)
Colorado Housing Assistance Corporation
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Income limits apply
- Min Credit Score
- Not specified
- Property Types
- Single-family, Condo, Townhome
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- second mortgage
- Profession
- all
- Homebuyer Ed.
- Yes
Repayment Terms
Monthly payments or deferred depending on loan type
CRHDC/Colorado Housing Enterprises
Colorado Rural Housing Development Corporation
Eligibility Snapshot
- First-Time Buyer
- Not specified
- Income Limit
- Income-qualified
- Min Credit Score
- Not specified
- Property Types
- Single-family, Condo, Townhome
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- second mortgage
- Profession
- all
- Homebuyer Ed.
- Not specified
Repayment Terms
10-year repayment; not forgivable
Grand County Housing Authority DPA
Grand County Housing Authority
Eligibility Snapshot
- First-Time Buyer
- Not specified
- Income Limit
- Income requirements apply
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- second mortgage
- Profession
- all
- Homebuyer Ed.
- Not specified
Repayment Terms
Low-interest loan terms
City of Aurora Home Ownership Assistance Program (HOAP)
City of Aurora
Eligibility Snapshot
- First-Time Buyer
- Not specified
- Income Limit
- 120% AMI
- Min Credit Score
- Not specified
- Property Types
- Single-family
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- second mortgage
- Profession
- all
- Homebuyer Ed.
- Not specified
How to Apply for Down Payment Assistance in Colorado
-
1
Check Your Eligibility
Use our free eligibility tool to see which programs match your situation. Enter your state, city, income, and target home price.
-
2
Contact the Program Administrator
Each program has its own application process. Visit the program website or call the administering agency to get started. Many programs work through approved lenders.
-
3
Get Pre-Approved with a Participating Lender
Not every lender participates in every DPA program. Work with a lender who is approved for the programs you want. The program administrator can provide a list of approved lenders.
-
4
Complete Homebuyer Education (If Required)
Many programs require a HUD-approved homebuyer education course. Online options through eHome America and Framework are accepted by most programs.
-
5
Close & Move In
DPA funds are typically disbursed at closing alongside your first mortgage. Your lender coordinates the DPA program paperwork as part of the loan process.
Frequently Asked Questions
How much down payment assistance can I get in Colorado?
Up to $850,000 through available programs in Colorado. Multiple programs can often be combined for even more assistance. The exact amount depends on your income, location, and the specific program requirements.
Do I need to be a first-time homebuyer?
Not always. 27 programs in Colorado are open to repeat buyers. "First-time buyer" is typically defined as not having owned a home in the past three years.
What credit score do I need?
As low as 620 for some programs. Most programs require 620-660. Higher credit scores may qualify you for more programs and better terms.
Can I combine multiple DPA programs?
In many cases, yes. Some programs are specifically designed to be layered with others. For example, you might combine a state grant with a local deferred loan. Check with each program administrator about stacking eligibility.
DPA Programs in Nearby States
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