Colorado Down Payment Assistance Programs [2021]
Colorado is one of the best states to buy a home if you’re in need of down payment assistance. Even if you’re not a first time home buyer there are numerous assistance programs to help you buy a home with little to no money down. In fact, there are 52 no & low down payment programs listed below ranging from tax benefit programs to down payment assistance and some with down payment and closing cost assistance up to $200,000!
Below you’ll find our exhaustive list of all the no down, low down and down payment assistance programs available in Colorado.
We update this regularly so if you’re not quite ready to buy you might want to check back when you are within about 3 to 6 months of making your home purchase or contact us so we can help you to identify which program will be best for you and your family.
Last updated: April 12, 2021
Find the BEST Program For YOU
The variety and number of down payment assistance options in Colorado is both a good thing and a bad thing. Good because you've got some great options to help you but bad because it can be confusing to find the right program for you. But...we can help you with our free home loan digital qualifier tool!
Colorado Housing & Finance Authority or CHFA is one of the best assistance programs in the state due to the fact that they provide assistance statewide, always have funding available, and have some of the highest income limits.
AREA: State of Colorado
ASSISTANCE: up to 4% of purchase price
FIRST TIME HOME BUYER: Not required (varies by program)
MINIMUM CONTRIBUTION: $1,000
INCOME LIMIT: varies by household size & program
Click here for additional details on CHFA’s programs.
CHFA has six programs you might consider depending upon your situation including:
This program has been discontinued.
For down payment assistance in Arapahoe county consider either the Aurora HOAP program (if in city limits of Aurora), CHAC or CHFA.
First time home buyers looking to purchase within the city of Aurora may be able to utilize the Aurora HOAP program which offers a second mortgage loan to assist with both down payment and closing costs.
AREA: Aurora, Colorado
ASSISTANCE: up to $10,000
FIRST TIME HOME BUYER: Required
MINIMUM CONTRIBUTION: 1% of purchase price
INCOME LIMIT: varies by household size
Click here for additional details on the Aurora HOAP program.
The City of Boulder has three programs to help homebuyers purchasing within the city limits of Boulder, Colorado.
AREA: Boulder, Colorado
ASSISTANCE: up to $200,000 (varies by program)
FIRST TIME HOME BUYER: varies by program
MINIMUM CONTRIBUTION: $2,000
INCOME LIMIT: varies on household size
Click here for additional details on Boulder’s programs.
The City of Boulder has three assistance programs available:
- Boulder Solution Grant
- Boulder Middle Income Program
- Boulder H2O Loan
Boulder County offers down payment assistance to those looking to buy within the Boulder County but outside the city limits of Boulder.
AREA: Boulder County, Colorado outside the City of Boulder
ASSISTANCE: up to $40,000
FIRST TIME HOME BUYER:Required (some exceptions to those who have been divorced within the past three years)
MINIMUM CONTRIBUTION: 1% of purchase price
INCOME LIMIT: $105,750 (varies on household size)
Click here for additional details on Boulder County’s program.
First time home buyers looking to purchase within Commerce City may be able to utilize their Homebuyer Program which offers a second mortgage loan to assist with both down payment and closing costs.
AREA: Commerce City, Colorado
ASSISTANCE: up to $10,000
FIRST TIME HOME BUYER: Required
MINIMUM CONTRIBUTION: 1% of purchase price
INCOME LIMIT: varies by household size
Click here for additional details on the Commerce City Homebuyer Program.
Colorado Housing Assistance Corporation or CHAC provides down payment assistance to low to moderate income first time home buyers and is a great alternative to CHFA if you meet the income limits.
AREA: State of Colorado, City & County of Denver, Jefferson County
ASSISTANCE: up to $20,000
FIRST TIME HOME BUYER: Required
MINIMUM CONTRIBUTION: $1,000
INCOME LIMIT: varies by household size & program
Click here for additional details on CHAC’s programs.
CHAC has four distinct programs depending upon where you plan to buy or if a member of the household has a permanent disability:
- CHAC Statewide
- CHAC Denver (City and County)
- CHAC Jefferson County
- CHAC Disability Program
First time home buyers looking to purchase within Douglas County may be able to utilize one of their assistance programs to cover down payment and/or closing costs.
AREA: Douglas County, Colorado
ASSISTANCE: up to $34,000
FIRST TIME HOME BUYER: Required
MINIMUM CONTRIBUTION: $1,000
INCOME LIMIT: varies by household size and program
Click here for additional details on Douglas County Housing Partnership programs.
Douglas County Housing Partnership has two forms of down payment assistance available:
- Douglas County Amortizing Loan
- Douglas County Shared Equity
Eagle County has a variety of assistance programs for home buyers purchasing in Eagle CountyHomebuyers employed by Eagle County Government for at least 30 hours per week may be eligible for their down payment assistance program.
AREA: Eagle County, Colorado
ASSISTANCE: up to $18,140 (varies by program)
FIRST TIME HOME BUYER: Not required (varies by program)
MINIMUM CONTRIBUTION: varies by program
INCOME LIMIT: varies by program
Click here for additional details on Eagle County programs.
Eagle County has multiple down payment assistance available including:
- Eagle County Loan Fund (ECLF) for First Time Home Buyers
- Eagle County Loan Fund (ECLF) with FHA
- Eagle County Eagle Ranch Housing Corporation
- Eagle County Division of Housing
- Eagle County Employee Home Ownership Program (EHOP)
Homebuyers looking to make a home purchase within El Paso County, including the City of Colorado Springs, may be eligible for their Turnkey down payment assistance program.
AREA: El Paso County, Colorado including Colorado Springs
ASSISTANCE: up to 5% of purchase price (forgivable)
FIRST TIME HOME BUYER: Not required
MINIMUM CONTRIBUTION: None
INCOME LIMIT: $120,120 (varies by first mortgage)
Click here for additional details on El Paso County’s Turnkey program.
Fannie Mae has two low down payment options for low to moderate income homebuyers looking to obtain a conventional loan.
AREA: State of Colorado
ASSISTANCE: None
FIRST TIME HOME BUYER: Not required (varies by program)
MINIMUM CONTRIBUTION: 3% down payment, unless combined with eligible down payment assistance program
INCOME LIMIT: 97% LTV = No, HomeReady = Yes
Click here for additional details on the Fannie Mae home loan program.
Fannie Mae has two low down payment options including:
The Federal Housing Administration, or FHA, provides mortgage insurance which allows you to make a home purchase with as little as 3.5% down payment but can be combined with many of the down payment assistance programs described on this page.
AREA: State of Colorado
ASSISTANCE: None
FIRST TIME HOME BUYER: Not required
MINIMUM CONTRIBUTION: 3.5% down payment, unless combined with eligible down payment assistance program
INCOME LIMIT: No
Click here for additional details on the FHA home loan program.
Freddie Mac’s Home Possible offers a low down payment option for those looking to utilize conventional financing and have a small down payment of their own.
AREA: State of Colorado
ASSISTANCE: None
FIRST TIME HOME BUYER: Not required
MINIMUM CONTRIBUTION: 3% down payment, unless combined with eligible down payment assistance program
INCOME LIMIT: varies by location
Click here for additional details on the Freddie Mac Home Possible loan program.
Homebuyers looking to make a home purchase within Grand County (with a focus on the Town of Winter Park) may be eligible for their down payment assistance program.
AREA: Grand County, Colorado with a focus on Winter Park
ASSISTANCE: ?
FIRST TIME HOME BUYER: ?
MINIMUM CONTRIBUTION: ?
INCOME LIMIT: ?
Click here for additional details on Grand County’s program.
Larimer Home Ownership Program, or LHOP, provides low to moderate income households with down payment assistance.
AREA: Larimer County, Colorado
ASSISTANCE: up to $15,000
FIRST TIME HOME BUYER: Not required
MINIMUM CONTRIBUTION: 1% of purchase price
INCOME LIMIT: $89,920 (varies on household size)
Click here for additional details on Larimer County’s program.
Many cities and counties throughout Colorado participate in metroDPA’s Down Payment Assistance program.
AREA: multiple cities & counties in Colorado (see list)
ASSISTANCE: up to 5% of purchase price (forgivable)
FIRST TIME HOME BUYER: Not required
MINIMUM CONTRIBUTION: None
INCOME LIMIT: $139,200
Many cities and counties throughout Colorado participate in metroDPA’s Down Payment Assistance program.
AREA: Colorado Counties of Adams, Arapahoe, Denver, Douglas or Jefferson
ASSISTANCE: up to $15,000 (forgiven)
FIRST TIME HOME BUYER: Not required
MINIMUM CONTRIBUTION: None
INCOME LIMIT: $110,750 (varies by household size)
Click here for additional details on the Neighborhood LIFT program.
NEWSED assists low to moderate income first time home buyers.
AREA: Denver, Colorado
ASSISTANCE: ?
FIRST TIME HOME BUYER: Required
MINIMUM CONTRIBUTION: $1,000 (varies by first mortgage)
INCOME LIMIT: up to $98,050 (varies by household size)
Northeast Colorado Housing offers down payment assistance to those in Northeast Colorado.
AREA: Northeast, Colorado including Logan, Morgan, Phillips, Sedgwick, Washington, and Yuma Counties
ASSISTANCE: up to $5,940
FIRST TIME HOME BUYER: Not required
MINIMUM CONTRIBUTION: varies by need
INCOME LIMIT: varies by household size
Prairie Development Corporation, or PDC, serves Cheyenne, Elbert, Kit Carson and Lincoln counties by offering down payment assistance.
AREA: Colorado Counties of: Cheyenne, Elbert, Kit Carson and Lincoln
ASSISTANCE: $5,490
FIRST TIME HOME BUYER: Required
MINIMUM CONTRIBUTION: 1% of purchase price or $1,000 (whichever is greater)
INCOME LIMIT: 80% of area-median income
TEMPORARILY CLOSED
Pueblo Home Down Payment Assistance Program, or HDAP, provides down payment assistance in the City of Pueblo, Colorado.
AREA: Pueblo, Colorado
ASSISTANCE: up to $5,000 (forgiven)
FIRST TIME HOME BUYER: Required
MINIMUM CONTRIBUTION: 50% of first mortgage down payment
INCOME LIMIT: ?
Click here for additional details on the Pueblo HDAP program.
First time home buyers looking to purchase within southwest Colorado within the city of Durango or La Plata, Montezuma, Archuleta, Dolores and San Juan counties may be able to utilize one of their many assistance programs to cover down payment and/or closing costs. Their assistance programs offer some of the highest assistance amounts in the state.
AREA: City of Durango, Colorado and La Plata, Montezuma, Archuleta, Dolores and San Juan counties.
ASSISTANCE: up to $70,000 (varies by program)
FIRST TIME HOME BUYER: Required
MINIMUM CONTRIBUTION: 1% of purchase price
INCOME LIMIT: varies by household size and program
Click here for additional details on the HomesFund programs.
Southwest Colorado’s HomesFund has eight programs offering down payment and closing cost assistance including:
- HomesFund La Plata County Affordability Loans (up to $29,000)
- HomesFund Affordability Loans (other counties, up to $19,000)
- HomesFund Moderate Income Loans (MIMAP, up to $19,000)
- HomesFund 2020 HOME Loan (up to $14,750)
- HomesFund Impact Loan (up to $15,000)
- HomesFund Building Wealth Loans (up to $70,000)
- HomesFund Fair Share Program (up to $25,000)
- HomesFund Purgatory/DMR Program (up to $70,000)
NeighborWorks serves Southern Colorado by providing down payment assistance through three different programs including their Evergreen, Aspen and Ponderosa Home Mortgages.
AREA: Southern Colorado
ASSISTANCE: up to 10% of purchase price
FIRST TIME HOME BUYER: Not required
MINIMUM CONTRIBUTION: $1,000
INCOME LIMIT: varies by program
Click here for additional details on Neighborworks’ program.
Total Concept serves the Tri-County area of Colorado including Bent, Crowley and Otero counties with down payment and closing cost assistance.
AREA: Colorado Counties of: Bent, Crowley and Otero
ASSISTANCE: up to $3,000
FIRST TIME HOME BUYER: Required
MINIMUM CONTRIBUTION: 50% of first mortgage down payment & closing costs
INCOME LIMIT: ?
Click here for additional details on the Total Concept program.
The United States Department of Agriculture provides home loans to low to moderate income households purchasing in eligible rural areas.
AREA: State of Colorado in eligible rural areas
ASSISTANCE: No required down payment
FIRST TIME HOME BUYER: Not required
MINIMUM CONTRIBUTION: $0
INCOME LIMIT: varies by location
Click here for additional details on the USDA home loan program.
VA home loans help active military, veterans, and eligible surviving spouses become homeowners with no required down payment or monthly mortgage insurance.
AREA: State of Colorado
ASSISTANCE: None (0% down)
FIRST TIME HOME BUYER: Not required
MINIMUM CONTRIBUTION: $0
INCOME LIMIT: No
Click here for additional details on the VA home loan program.