Down Payment Assistance and CHFA

Down Payment Assistance Loan Programs

We work with first-time homebuyers who would like to purchase a home with little or no money down. There are many options available here in Colorado and depending on your location and income, we will work with you to see which program fits best. After you are pre-approved, we will provide you with a detailed pre-approval letter so you can begin your home search.

Regular FHA Loan	CHFA Loan
$200,000 Purchase Price(3.5% Down)	$200,000 Purchase Price ($1,000 Down)
$193,000 Loan Amount	$193,000 + $6,000 Assistance
$7,000 Down	$1,000 Down

Programs we offer

Chfa FirstStep Plus & Homeopener Plus(Anywhere in Colorado), USDA 100%, HUD $100 Down, Aurora Hoap(City of Aurora), Colorado Springs(El Paso Housing Authority), CHAC assistance(Denver Metro Area), USDA(Rural), VA(Anywhere in Colorado)

Credit

Good credit is a big plus but zero or no credit is ok. Some small open collections are ok but we would like to see most collections either paid or settled. If you have no credit on your report you must be able to provide alternative credit such as rent, cable bill, utilities(gas&electricity),auto insurance, cell phone bill, etc.

Rehab Home Loans + Down Payment Assistance

If you find a property in poor condition, you can repair and/or improve the property up to $30,000 and roll the costs into your new loan. Down payment assistance is available. Program requires $1,000 commitment. NO refinancing required after work is completed.