Make Homeownership in Colorado Possible
Buying a home in Colorado doesn’t have to feel out of reach. With Colorado down payment assistance programs, you can get help covering the upfront costs of buying a home — including your down payment and closing costs. Whether you’re a first-time homebuyer or purchasing again after a few years, there are local and statewide programs designed to help you achieve your dream of homeownership.
💰 What Is Down Payment Assistance (DPA)?
Down Payment Assistance (DPA) programs provide grants or low-interest loans to help cover part (or all) of your down payment and closing costs. These programs are often sponsored by:
- State housing agencies
- Local governments
- Nonprofit organizations
Some assistance options are forgivable loans that you never have to repay if you meet certain conditions — like living in your home for a set number of years.
🏔️ Top Colorado Down Payment Assistance Programs
1. CHFA Down Payment Assistance Grant
- Offered by: Colorado Housing and Finance Authority (CHFA)
- Amount: Up to 3% of your first mortgage amount (grant — no repayment required)
- Eligibility: Minimum credit score of 620 and completion of a homebuyer education class
- Benefit: Ideal for first-time buyers looking for a true grant, not a loan
2. CHFA Second Mortgage Loan
- Offered by: CHFA
- Amount: Up to 4% of your first mortgage amount
- Repayment: Deferred — no payments until you sell, refinance, or pay off your first mortgage
- Benefit: Provides larger assistance for those needing more help upfront
3. MetroDPA Program (Denver Metro Area)
- Offered by: MetroDPA
- Area Covered: Denver and surrounding counties
- Assistance: Up to 5% of the mortgage loan amount
- Forgiveness: Forgiven after three years if you stay in the home
- Benefit: Great for buyers in the Denver metro region
4. Local City Programs
Many Colorado cities and counties also offer localized DPA programs, including:
- Boulder County Down Payment Assistance Program
- Douglas County Homebuyer Program
- El Paso County Turnkey Plus Program
- City of Aurora Homeownership Assistance Program
🏡 Who Qualifies for Colorado Down Payment Assistance?
Eligibility varies by program, but most require:
- A minimum credit score (usually 620+)
- Stable income within program limits
- Use of the home as your primary residence
- Completion of a homebuyer education course
Some programs are limited to first-time buyers, but others welcome repeat buyers who haven’t owned a home in the last three years.
📞 Get Expert Guidance
Navigating down payment assistance programs can be confusing — but you don’t have to do it alone.
Our team specializes in connecting Colorado buyers with the best DPA options available for their financial goals.
✅ Personalized program matching
✅ Fast pre-approvals
✅ Expert guidance through the full loan process
👉 Find out which Colorado down payment assistance program you qualify for and take your first step toward homeownership.