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CHFA Down Payment Assistance Grant

Colorado Housing and Finance Authority offers CHFA Down Payment Assistance Grant to home buyers in Colorado: as much as 3% of the home loan, but no more than $25,000, as a grant.

Amount
As much as 3% of the home loan, but no more than $25,000
Help type
Grant
You must be a first-time buyer
No
Your credit score
620 or above

This is a grant, so you don't have to repay it.

If you follow the program's rules, grant money never has to be paid back.

Who can get CHFA Down Payment Assistance Grant?

  • Income limits under CHFA vary with household size, the county, whether the area is targeted and which program you use.
  • Being a first-time buyer isn't required.
  • You need a credit score of 620 or more.
  • Before buying, you take a homebuyer education course.
  • You get this grant together with a CHFA first mortgage loan program.
  • The price limit changes by area, and targeted areas may allow a higher one.

Most limits depend on household size and your county. Use our HUD income limits tool to see the median income for your area and how your household compares.

Applying for CHFA Down Payment Assistance Grant

  1. The Colorado Housing and Finance Authority uses approved lenders to pay this help out. You apply with one of them as part of your home loan application.
  2. Before the money is reserved for you, the lender checks income, credit and the home against program requirements.
  3. At closing, the money is paid toward your closing costs and down payment.

For all rules and current application status, use Colorado Housing and Finance Authority's page for CHFA Down Payment Assistance Grant; to choose a lender, use the agency's list of participating lenders.

CHFA Down Payment Assistance Grant: speak with a lender

Tell us where you're buying and a lender that works with Colorado's programs can tell you whether CHFA Down Payment Assistance Grant fits you, and what you could combine with it.

Call 866-602-7460

Prefer not to call? Share your information and the lender will reach out.

When you send this request, you agree that one mortgage lender who works with these programs may contact you by email, phone or text, including by automated means, about this request. Agreeing is not a condition of any purchase. We are an independent guide, not a lender or a government agency; only that one lender gets your details, and it may pay us for the introduction. See our about page and privacy notice.

More first-time buyer programs in Colorado

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