Colorado Down Payment Assistance

12 Programs
to Help You Buy a Property
in Colorado

Grants, forgivable loans, and subsidized mortgages — many Colorado buyers qualify for $50,000+ in assistance and don't even know it.

Find your programs →
5
State programs
7
Federal programs
$0
Cost to search

Colorado Programs

Click any program for full details, eligibility, and how to apply.

CHFA DPA Grant Colorado
3% grant — no repayment + only $1K out of pocket

Up to 3% of mortgage as a TRUE GRANT — never has to be repaid. Only $1,000 minimum from buyer.

GrantHouse-hack eligible
CHFA DPA Second Mortgage Colorado
4% deferred, 0% interest

Up to 4% of mortgage as 0% deferred second mortgage. No payments until sale, refinance, or payoff.

Deferred 0% loanHouse-hack eligible
CHFA FirstGeneration Colorado
$25,000

Up to $25,000 for first-generation homebuyers (parents never owned). Deferred second mortgage.

Deferred loanHouse-hack eligible
CHFA HomeAccess Colorado
$25,000

Up to $25,000 for buyers with permanent disability or custodial parents of disabled dependents.

Deferred 0% loan
Metro DPA (Denver area) Denver metro
DPA with flexible cosigner rules

DPA for Denver metro buyers with non-occupying cosigners allowed and higher income limits.

DPA program
FHA Loan Federal
Saves ~$33,000 on a $200K home vs 20% down

3.5% down payment with 580+ credit. The most popular first-time buyer loan in America.

Subsidized loanHouse-hack eligible
VA Loan Federal
$0 down + no monthly mortgage insurance

Zero down payment, no PMI for eligible veterans and active-duty service members.

Federal benefitHouse-hack eligible
USDA Rural Development Loan Federal
$0 down, lower fees than FHA

Zero down payment for rural and suburban areas. 97% of US land qualifies.

Subsidized loan
Fannie Mae HomeReady Federal
3% down + reduced PMI rates

3% down with reduced mortgage insurance for low-to-moderate income buyers.

Subsidized loanHouse-hack eligible
Freddie Mac Home Possible Federal
3% down + flexible funding

3% down with flexible funding sources including gifts and employer assistance.

Subsidized loanHouse-hack eligible
NACA Program National
$0 down + $0 closing + $0 PMI + below-market rate

No down payment, no closing costs, no PMI, below-market rate. Character-based lending.

Nonprofit programHouse-hack eligible
HUD Good Neighbor Next Door Federal
50% discount on HUD homes

50% off purchase price for teachers, law enforcement, firefighters, and EMTs.

Grant
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Frequently asked questions

What down payment assistance programs are available in Colorado?

There are 5 state-specific programs and 7 federal programs available in Colorado, totaling 12 programs.

Do I need to be a first-time buyer to get DPA in Colorado?

Not all programs require first-time buyer status. Several Colorado programs are available to repeat buyers. 'First-time buyer' means you haven't owned a home in the past 3 years.

Can I use DPA to buy a multi-unit property?

Yes. Many DPA programs allow 1-4 unit properties. Live in one unit and rent the others — this is called house-hacking.

Nearby states

Arizona (5)New Mexico (3)Utah (2)Wyoming (4)Nebraska (1)