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Dearfield Fund for Black Wealth Down Payment Assistance

Administered by:
Dearfield Fund for Black Wealth
· Nonprofit · Deferred Loan
Funding status: Active

How much assistance

Up to $40,000
No monthly payments. Repaid in full at sale or refinance, plus 5% of the home's appreciation.

Eligibility

  • Income limits: Household income must be less than $150,000 per year
  • First-time buyer required: Yes — Must be a first-time homebuyer (no ownership in a primary residence in the past three years).
  • Credit score minimum: 640
  • Geographic restrictions: Available in Adams, Arapahoe, Broomfield, Denver, Douglas, and Jefferson Counties. Property must be primary residence.
  • Homebuyer education required: Yes

How to Apply for Dearfield Fund for Black Wealth Down Payment Assistance

Apply directly through the Dearfield Fund or partner lenders such as On Tap Credit Union (303-279-6416). Borrowers must have at least 3% of the down payment saved and complete homebuyer education.

Learn More About Homebuying Assistance

Cities Where This Program Is Available (4 cities across 1 state)