See programs you qualify for

Get Matched Free →

Pikes Peak Down Payment Assistance

Administered by:
El Paso County Economic Development Department
 · County · Forgivable Loan
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.

Notes

Includes an additional 1% non-repayable grant for full-time workers in select industries (verify current eligible industries with PPDPA).

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

Colorado (1 city)