💰 Down Payment Assistance
The money most Colorado buyers never claim
Every year, down payment assistance goes unused because buyers don’t know it exists. The Colorado Housing and Finance Authority (CHFA) offers assistance for down payment and closing costs for eligible buyers — pairable with FHA, VA, USDA, and conventional first mortgages. Income and purchase-price limits apply.
Is this you?
Down Payment Assistance tend to be a great fit for…
- First-time buyers (and some repeat buyers, depending on the program)
- Households within CHFA income limits for their county
- Buyers who qualify on income but are short on savings
- Anyone told “come back when you’ve saved more”
Questions friends actually ask
Down Payment Assistance: straight answers
How does down payment assistance work in Colorado?
CHFA — the Colorado Housing and Finance Authority — offers assistance alongside a CHFA first mortgage, typically as either a grant or a second loan whose repayment is deferred until you sell, refinance, or pay off the first mortgage. Program details, income limits, and amounts change; Peter will walk you through the current options for your county and scenario.
Do I have to be a first-time buyer to get assistance in Colorado?
Not always. Some CHFA programs serve repeat buyers as well as first-timers. Eligibility generally involves income limits, a minimum credit score, a homebuyer education class, and a modest minimum contribution of your own funds — requirements Peter helps you confirm up front.
Is down payment assistance free money or a loan?
It depends on the program version. Some CHFA assistance is structured as a grant, and some as a second loan — often deferred with no monthly payment, repaid when you sell, refinance, or pay off the first mortgage. Peter will show you exactly what your version costs, in plain English, before you commit.
Keep exploring
Conventional Loans
The workhorse of home financing — flexible terms, competitive costs, and down payments as low as 3% for first-time buyers.
Learn more →FHA Loans
The first-time buyer favorite — 3.5% down, friendlier credit requirements, and forgiving guidelines for real-life finances.
Learn more →VA Loans
For those who served — $0 down, no monthly mortgage insurance, and some of the strongest terms in all of lending.
Learn more →Not sure if down payment assistance are right for you?
That’s literally what Peter is for. One conversation, all your options side by side, zero pressure to move forward.