💰 Down Payment Assistance
The money most 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 down payment assistance — structured as a grant or as a second mortgage — that can go toward down payment and closing costs for eligible buyers, paired with FHA, VA, USDA, and conventional first mortgages.
Is this you?
Down Payment Assistance tend to be a great fit for…
- First-time buyers (and some repeat buyers in targeted areas)
- 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 offers assistance either as a grant or as a second mortgage alongside your first loan — the second-mortgage version typically defers repayment until you sell, refinance, or pay off the first mortgage. Jeff handles the pairing with your first mortgage for you.
Do I have to be a first-time buyer to get assistance?
Not always — several CHFA programs serve repeat buyers as well as first-timers. Income limits apply and vary by county and household size, and CHFA requires a homebuyer education class before closing. Jeff can tell you quickly which program fits your situation.
Is down payment assistance free money or a loan?
It depends on the program — CHFA offers both a grant option and a second-mortgage option. The second mortgage is a loan, typically with repayment deferred until you sell, refinance, or pay off the first mortgage. Jeff will walk you through 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 Jeff is for. One conversation, all your options side by side, zero pressure to move forward.