top of page
First-Time Home Buyer Programs
Down Payment Programs
Looking to buy a home in Colorado? The Housing and Finance Authority (CHFA) offers up to $25,000 in down assistance with no monthly repayment required. With a minimum credit score of 620, you can explore various options, including FHA, VA, USDA, and Conventional programs. Plus, you don't have to be a first-time homebuyer to take advantage of this opportunity!
CHAC - Colorado Housing Assistance Corporation
Our mission is to make housing and successful homeownership accessible to low and moderate-income individuals in Colorado. We strive to create and preserve homeownership opportunities for families, prevent the displacement of long-term residents, and stabilize neighborhoods. Through innovative programs, we mobilize both private and public investments to achieve these vital goals, ensuring that everyone has a place to call home. Together, we can build stronger, more inclusive communities.
Low-Income Programs
HomeReady
HomeReady® is enhancing access to homeownership with its new features, designed to benefit today's creditworthy low-income borrowers. With a low down payment and expanded financing flexibility, this program is perfect for both first-time and repeat buyers. A significant new benefit includes a $2,500 credit for very low-income borrowers, helping to address the common challenges of down payment and closing costs For further details, refer to Lender Letter LL-2024-01, released on January 24, 2024.
HomePossible
Unlock the dream of homeownership with Freddie's Home Possible® mortgage. Designed for very low-to low-income borrowers, this program offers down options as low as 3% and flexible credit criteria. You can now include non-occupying co-borrowers and maintain another financed property, all while enjoying competitive pricing. Together, we're creating affordable solutions that empower more borrowers and strengthen our communities.
bottom of page