First-time home buyer programs in Denver
City & County of Denver, Department of Housing Stability runs Metro Down Payment Assistance (metroDPA) for buyers in Denver: the amount for your down payment is a percentage of the home loan. The home loan here is the first mortgage loan, as a deferred loan.
- Program for your area
- 1
- Loan or grant
- Loan with deferred payment
Denver down payment help
| Program | Amount | Loan or grant | Income limit | First-time buyers only |
|---|---|---|---|---|
| Metro Down Payment Assistance (metroDPA). The City & County of Denver, Department of Housing Stability runs this program. | The amount for your down payment is a percentage of the home loan. The home loan here is the first mortgage loan. | Loan with deferred payment | Up to $216,000 a year for household income. | Ask the agency |
Who can get Metro Down Payment Assistance (metroDPA)?
- Purchase a home in an approved Front Range city or county, not just Denver.
- Up to $216,000 a year for household income.
- A credit score over 640.
- Your first mortgage must be 30-year fixed rate, and you must use a metroDPA-approved lender for FHA, VA, USDA or conventional loans.
- You need to finish homebuyer education.
You receive a 30-year deferred second mortgage with no interest. It has no scheduled payments and is repaid when you sell the home or refinance the first mortgage.
A deferred loan has no monthly cost. You owe the full amount when you sell the home, refinance it or pay off the first mortgage.
Using a metroDPA-approved lender. For the full rules, read City & County of Denver, Department of Housing Stability's page for Metro Down Payment Assistance (metroDPA).
You can also use Colorado's statewide programs in Denver
| Program | Amount | Loan or grant |
|---|---|---|
| CHFA Down Payment Assistance Grant | Up to 3% of the home loan, with a limit of $25,000. | Grant |
| CHFA Down Payment Assistance Second Mortgage Loan | Up to 4% of the home loan, with a limit of $25,000. | Loan with deferred payment |
From Colorado Housing and Finance Authority: All Colorado first-time home buyer programs. Denver County's income figure appears in our HUD income limits lookup.
Buying in Denver? Ask a lender
Tell us where you're buying and a lender that works with Colorado's programs can tell you which of these fit you, and which you can combine.
Don't want to call? Give the lender your details and they'll contact you.