CHFA FirstStep Loan Program

Colorado Housing Finance Authority

Available Down Payment

About This Program

CHFA offers first-time homebuyers in Montrose access to affordable 30-year fixed mortgages with optional down payment assistance up to 5% of the loan amount. Income and purchase price limits apply based on household size.

Down payment assistance calculated as 5% of estimated home value

Data last verified 2026-06-09. How we verify our data.

Key Details

  • Down payment assistance up to 5% of loan
  • 30-year fixed-rate mortgages available
  • First-time homebuyer requirement
  • Income and purchase price limits apply
  • Must complete homebuyer education course

How to Apply

A grant-savvy contractor in Montrose, CO can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Deadline: Ongoing program

Questions about this program?

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Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

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