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El Paso County Turnkey Plus Mortgage Program

Administered by:

El Paso County Economic Development Department
· County · Deferred Loan

Funding status: Active

How much assistance

30-year first mortgage plus zero-interest soft second mortgage up to 5% of the loan amount

Soft second mortgage: 50% of the balance is forgiven after 5 years of owner-occupancy; remaining 50% is forgiven at the 30-year term of the first mortgage.

Eligibility

  • Income limits:
    Annual household income limit of $108,920.
  • First-time buyer required: No
  • Geographic restrictions:
    Property must be located in El Paso County, including the Colorado Springs area. Home must be primary residence.
  • Homebuyer education required: Yes

How to Apply for El Paso County Turnkey Plus Mortgage Program

Apply through a participating Turnkey Plus lender. Contact El Paso County Economic Development at 719-520-6481 or randidavis2@elpasoco.com to confirm program details and lender list.

Notes

No first-time homebuyer requirement. No federal recapture tax. Verify current income limits with El Paso County.

Cities Where This Program Is Available (1 city across 1 state)