Colorado has state and local programs that help with down payment and closing costs, sometimes as a grant and sometimes as a second loan.
A good fit for
- First-time and moderate-income buyers
- Buyers with steady income but limited savings
How it works
- Assistance is paired with a first mortgage such as FHA or conventional
- Many programs require a homebuyer education class
- Income and purchase-price limits often apply
Keep in mind
- Some assistance must be repaid when you sell or refinance
- Program funds and rules change — ask what's available now
Is a Down Payment Assistance right for you?
Every lender's guidelines differ — Chip will shop them for you.
Related loan options
This page is general education, not a loan offer or commitment. Terms, eligibility and availability vary by lender and change over time.