CHFA Down Payment Assistance Grant
Colorado Housing and Finance Authority offers CHFA Down Payment Assistance Grant to home buyers in Colorado: up to 3% of the home loan, at most $25,000, as a grant.
- Amount
- Up to 3% of the home loan, at most $25,000
- Kind of help
- Grant
- First-time buyers only
- No
- Credit score
- 620 or higher
How is CHFA Down Payment Assistance Grant paid back?
Grant: you do not have to pay this grant back.
A grant is money you never pay back, as long as you keep to the program's rules.
Who qualifies for CHFA Down Payment Assistance Grant?
- CHFA income limits vary by household size, county, targeted area, and program.
- You don't have to be a first-time buyer.
- A credit score of 620 or higher.
- A homebuyer education course before you buy.
- It comes with a CHFA first mortgage loan program.
- Price limit: varies by area; may be higher in targeted areas.
Most limits follow your county and household size. Our HUD income limits lookup shows your area's median income and where your household sits.
How to apply for CHFA Down Payment Assistance Grant
- Colorado Housing and Finance Authority pays this help out through its approved lenders, so you apply with one of them, together with your home loan.
- The lender checks your income, credit and the home against the program's rules and reserves the money for you.
- The help is paid at closing, toward your down payment and closing costs.
Read the full rules and whether it is taking applications on Colorado Housing and Finance Authority's page for CHFA Down Payment Assistance Grant, or pick a lender from the agency's list of participating lenders.
Ask a lender about CHFA Down Payment Assistance Grant
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.
Rather not call? Send your details and the lender will reach you.
Other first-time buyer programs in Colorado
- CHFA Down Payment Assistance Second Mortgage Loan: up to 4% of the home loan, at most $25,000, deferred loan.
All Colorado first-time home buyer programs · Down payment assistance in every state