The Colorado Housing and Finance Authority (CHFA) offers eligible first-time homebuyer assistance through the CHFA Homeaccess program.

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Colorado Housing and Finance Authority's Homeaccess Program

In an effort to help make homeownership dreams come true for residents, the Colorado Housing and Finance Authority (CHFA) offers eligible first-time homebuyers assistance through the CHFA Homeaccess program.  

Available Assistance 
The CHFA HomeAccess program offers assistance to first-time homebuyers in the form of a zero-interest second loan up to $25,000. These funds are available for assistance with down payment, closing costs, and prepaids. Repayment is deferred until the first mortgage loan is paid, or beginning in month 361.  

Eligibility Requirements 
There are a number of guidelines that applicants must meet before they are deemed eligible for the CHFA Homeaccess program. The program is only open to first-time homebuyers or qualified veterans who fall within the set income limits. Borrowers must have a permanent disability or be custodial parents of a child who has a permanent disability. To qualify, all borrowers must have a minimum credit score of 620 or higher; borrowers with no credit score permitted. The program can only be used in conjunction with FHA 203(b) or USDA-RD loans, and the maximum loan limit for all mortgages is the lower of $548,250 or the amount determined by the applicable FHA or USDA-RD guidelines. 

Property Guidelines 
Any home purchased with program funds must be owner-occupied and serve as the borrower’s primary residence. Eligible property types include single-family, one-unit, attached, or detached homes; PUDs, condominiums, and manufactured housing on a permanent foundation (including single-wide). Properties with Accessory Dwelling Unit (ADU) are not allowed under the program guidelines.  

*Seller-funded down payment programs were eliminated in the Housing and Economic Recovery Act of 2008, but states and local government agencies are still permitted to help borrowers finance their homes with second mortgages and grants. These agencies set different requirements that a borrower needs to meet in order to qualify for the grant programs, such as property location, and purchase price, and income limits. 

Note: All figures mentioned above were accurate at the time of publication and may no longer be current. Visit the program website for updated information.  




First-Time Home Buyer Programs in Colorado

The Home Ownership Assistance Program of the City of Aurora offers first-time homebuyers financial assistance up to $10,000 with zero interest in order to help offset down payment and closing costs.

the Boulder County Down Payment Assistance Program provides down payment and closing cost assistance to first-time homebuyers purchasing a home in Boulder County, outside of the city limits of Boulder.

The Colorado Housing and Finance Authority (CHFA) offers eligible first-time homebuyer assistance through the CHFA Homeaccess program.

The Douglas County Housing Partnership program increases a buyer's purchase power by giving households the ability to borrow at a low interest rate.


First-time homebuyer assistance programs and/or grants were researched by the team at FHA.com. Please note that all programs listed on this website may involve a second mortgage with payments that are forgiven, deferred, or subsidized in some manner until resale of the mortgaged property.

FHA.com's compilation is not a complete list, but it can serve as a starting point in your search for the down payment assistance program or grant for your situation. It is up to the consumer to contact these entities and find out the specifics of each program.


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