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CHFA FirstGeneration

Administered by:

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

Funding status: Active

How much assistance

Up to $25,000 in deferred down payment assistance, paired with 30-year fixed first mortgage

Deferred until sale, refinance, or property is no longer primary residence.

Eligibility

  • Income limits:
    Varies by county and household size per CHFA income limits effective Jan 5, 2026.
  • First-time buyer required: Yes —
    Borrower must be a first-time homebuyer AND a first-generation homebuyer (parents/guardians have never owned a home).
  • Credit score minimum: 620
  • Geographic restrictions:
    Must purchase a primary residence in Colorado.
  • Homebuyer education required: Yes

How to Apply for CHFA FirstGeneration

Apply through a CHFA-participating lender. Complete a CHFA-approved homebuyer education course before closing.

Notes

Bond-funded program for first-generation homebuyers. Pairs with CHFA DPA options.

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

Colorado (9 citys)

Available Statewide In