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Get Matched Free →Dearfield Fund for Black Wealth Down Payment Assistance
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.
Notes
Program designed for Black and African American first-time homebuyers. On Tap Credit Union provides additional benefits including up to $650 appraisal credit and $7,500 grant for eligible borrowers.