Up to $25,000 for first-generation homebuyers (parents never owned). Deferred second mortgage.
Colorado's FirstGeneration program provides $25,000 in DPA specifically for first-generation homebuyers — defined as someone whose parents have not owned a home. The assistance is structured as a forgivable loan that requires no repayment if occupancy requirements are met.
This is one of the largest first-generation-specific DPA amounts in the country. The program recognizes that the wealth gap between homeowners and renters perpetuates across generations, and aims to break that cycle by giving first-gen buyers a substantial down payment they wouldn't otherwise have access to.
$25K for first-gen buyers is among the largest in the country. Also serves former foster care youth.
We'll show you how to combine CHFA FirstGeneration with other programs to maximize your free money — personalized to your ZIP code and income.