CHFA FirstStep Loan + Down Payment Assistance

Colorado Housing and Finance Authority

Available Down Payment

About This Program

Low-interest mortgage combined with down payment assistance for first-time homebuyers in Colorado Springs. Down payment assistance available as forgivable second mortgage or deferred loan. Income and purchase price limits apply.

Down payment assistance amount based on income and home price; paired with CHFA mortgage

Key Details

  • Up to $15,000 down payment assistance
  • Low-interest CHFA mortgage loan
  • Income at or below 80% AMI (varies by household size)
  • First-time homebuyer or not owned home in 3 years
  • Purchase price limits apply

How to Apply

Visit Official Program Page Track this program

(800) 877-2432

Deadline: Ongoing program subject to funding

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