Down Payment Assistance Programs

Down payment assistance programs are designed to help individuals and families achieve their dream of homeownership. These programs provide financial assistance to qualified buyers in the Denver Metro Area, making it easier for them to save for a down payment and overcome one of the biggest barriers to purchasing a home. With the rising costs of real estate, down payment assistance programs offer a lifeline to those who may not have the means to save a substantial amount of money upfront. By reducing the financial burden, these programs open doors to homeownership and provide stability and security for individuals and families. Whether you're a first-time homebuyer or looking to upgrade to a larger property, exploring down payment assistance programs can make the path to homeownership more attainable and affordable.

metroDPA: Up to $25,000 in assistance | Earn less than $188,250 a year | Credit score above 640

CHFA: Colorado Housing and Finance Authority

Option 1: Down Payment Assistance Grant* 

• Up to the lesser of $25,000 or 3 percent of your first mortgage**
• (Example: Get up to $6,000 on a $200,000 mortgage)
• No repayment required

Second Mortgage Loan*

• Up to the lesser of $25,000 or 4 percent of your first mortgage**
• (Example: Get up to $8,000 on a $200,000 mortgage)
• Repayment of loan balance deferred until certain events, such as the payoff of your first mortgage, the sale or refinance of the home, or the home is no longer your primary residence. 

* Higher interest rates apply

**For a 30-year, fixed-rate loan

Impact Development Fund: $30,000 or 20% of the purchase price - 15-year fixed loan at 4% with a minimum contribution of $1,000.

Colorado Housing Assistance Corporation (CHAC): $15,000 or 6% of the purchase price/appraised value - 0% to 5% rate and a term of 12.5 years to 30 years.

Deerfield Fund: $40,000 or 15% of the contract purchase price to First-Time Homebuyers who identify as Black or African American. 15-year loan (Equity Share): no monthly payment but they pay back the $40,000 plus 5% of the equity gained since the purchase.

Providing Access to Homeownership (PATH) Grant: $10,000 complete grant (they do not have to repay) to First-Time Homebuyers who identify as Black or African American.

Project I See You: Shared Power Initiative: Local $10,000 grant for women purchasing a home. Private nonprofit funded. 

Please note: Homebuyer grants are not exclusively for first-time homebuyers. All programs have different income limits and underwriting guidelines.

• This is a list compiled by Live.Laugh.Denver. Real Estate agents. If you have anything to add or update please contact your Live.Laugh.Denver. agent or email [email protected]