Colorado offers numerous programs to help you with your down payment and closing costs. Grants, forgivable loans, and low-interest second mortgages can make homeownership possible.
Multiple programs are available depending on your location, income, and eligibility. Here are the major programs we work with.
Colorado Housing and Finance Authority offers two flexible options to help with your down payment. Choose the grant that never needs repayment or a deferred second mortgage.
Flexible assistance for Front Range buyers in Denver, Aurora, Lakewood, and surrounding cities with high income limits and unique social equity grants.
The 3% down conventional solution with lower rates, reduced insurance, and faster closings. Don't let a small down payment keep you from a Colorado home—these specialized programs make homeownership affordable for low-to-moderate income buyers.
Unlock exclusive benefits for first-time buyers. Not just for 'first-timers'—if you haven't owned in 3 years, you're back in! State and local programs bridge the gap between your savings and the closing table.
Each program has specific requirements, but most share these common eligibility factors.
Most programs have income limits based on Area Median Income (AMI). Limits vary by county and household size. Many middle-income families qualify.
Many programs require first-time buyer status (haven't owned a home in 3 years). Some programs available to all buyers.
Property must be your primary residence. Investment properties and second homes don't qualify for DPA programs.
Most programs require completion of a HUD-approved homebuyer education course. Available online or in-person.
Generally 620+ required, though some programs accept lower scores with compensating factors.
Colorado offers multiple down payment assistance programs to help you get into your home sooner. Let us match you with the right program for your situation.
Most Colorado buyers receive between $10,000-$25,000 in down payment assistance depending on the program and home price.
Many programs offer 3-5% of the purchase price to help cover your down payment and closing costs.
Some grants are 100% forgivable after living in the home for 5 years. No repayment required.
Down payment assistance can be combined with various loan types.
Most popular DPA combination with low down payment and flexible credit requirements for first-time buyers.
HomeReady and Home Possible programs designed for lower income borrowers, works well with DPA grants.
Already offers 0% down payment for veterans, but DPA can help cover closing costs and fees.
Already offers 0% down for eligible rural areas, but DPA can assist with closing costs.
Buy your next home before selling your current property with flexible short-term financing solutions.
Specialized financing for medical professionals with flexible debt ratios and no PMI options.
Build your dream home with one-time close construction-to-permanent financing solutions.
Finance both purchase and renovations with FHA 203k and Conventional HomeStyle programs.
Financing options for warrantable and non-warrantable condominiums in Colorado communities.
Alternative financing for self-employed borrowers using bank statements or asset-based qualification.
Investment property financing based on rental income without personal income verification.
Reduce your initial mortgage payments with 2-1 and 1-0 buydown programs for easier affordability.