Purchase
Down Payment Assistance
Colorado programs that can help with your down payment and closing costs.
What it is
Down payment assistance programs, including statewide and local options in Colorado, can cover part of your down payment or closing costs.
Who it's great for
- First-time buyers
- Buyers with steady income but limited savings
- Teachers, healthcare and public servants (some programs)
Key features
- Grants or second mortgages
- Can pair with FHA, VA, USDA or conventional
- Statewide and local options
General requirements
- Income and purchase price limits may apply
- Homebuyer education is often required
- Minimum credit score per program
- Primary residence
General guidelines only. Every loan is subject to credit approval, underwriting and property review. Not a commitment to lend.
Common Questions
Do I have to pay it back?
Some assistance is a grant, some is a deferred or forgivable second loan. I'll explain each.
Is it only for first-time buyers?
Not always. Several Colorado programs are open to repeat buyers.
Will it raise my rate?
It can slightly. We'll compare with and without assistance.
How do I start?
Call me. I'll check which programs you may fit.
Is a Down Payment Assistance Right for You?
Let's talk about your situation. Honest answers, no pressure.
NMLS #172296 | Licensed in Colorado