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Get Matched Free →Pikes Peak Down Payment Assistance
Funding status: Active
How much assistance
Up to $20,000 or 5% of the loan amount, plus optional 1% industry grant for select occupations
0% interest fully forgivable second mortgage. Half of the loan is forgiven monthly over the first five years, and the remaining half is forgiven when the first mortgage reaches its 30-year term. The 1% industry grant is a non-repayable grant.
Eligibility
- Income limits: Household income limit of $174,440.
- First-time buyer required: No
- Geographic restrictions: Property must be located in El Paso County. Must use a Pikes Peak DPA-approved lender.
- Homebuyer education required: Yes
How to Apply for Pikes Peak Down Payment Assistance
Get qualified with an approved Pikes Peak DPA Program lender. Complete a homebuyer education course before closing. Confirm fund availability with the program before going under contract.
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