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CHFA Down Payment Assistance Second Mortgage Loan

Administered by:

Colorado Housing and Finance Authority (CHFA)
· State · Deferred Loan

Funding status: Active

How much assistance

Up to lesser of $25,000 or 4% of first mortgage

Repayment deferred until payoff of first mortgage, sale, refinance, or property is no longer the primary residence.

Eligibility

  • Income limits:
    Varies by county and household size. Household of 1-2: $130,400 (non-targeted) / $156,480 (targeted). Household of 3+: $149,960 (non-targeted) / $182,560 (targeted). Effective Jan 5, 2026.
  • First-time buyer required: No
  • Credit score minimum: 620
  • Geographic restrictions:
    Must purchase a primary residence in Colorado. Must pair with a CHFA first mortgage loan program.
  • Homebuyer education required: Yes

How to Apply for CHFA Down Payment Assistance Second Mortgage Loan

Apply through a CHFA-participating lender along with a CHFA first mortgage loan program. Complete a CHFA-approved homebuyer education course prior to closing.

Notes

Must be paired with a CHFA first mortgage. Verify current income limits at chfainfo.com.

Cities Where This Program Is Available (9 citys across 1 state)

Colorado (9 citys)

Available Statewide In