Colorado Housing and Finance Authority (CHFA) Loans
Home mortgage programs provide Coloradans with access to competitive fixed rate financing.
CHFA is Colorado’s established and trusted partner for affordable homeownership. The CHFA programs offer fixed-rate loans, CHFA Down Payment Assistance Grant for assistance with down payment, closing costs, and/or prepaid, borrower premiums, and homebuyer education will give borrowers the confidence to pursue homeownership.
CHFA and The Mortgage Co. offer:
Fixed-rate government, and conventional mortgage loans to purchase a home
Down payment assistance grants and second mortgage loans for down payment and/or closing cost assistance
Available to first-time and non-first-time homebuyers
Borrowers must qualify according to the underwriting guidelines as determined by a CHFA Participating Lender.
Mid-credit score of 620 or higher
Income must not exceed CHFA’s income limits
Must attend a CHFA-approved homebuyer education class
Down payment assistance Grant
No repayment required
Down payment assistance second mortgage
Repayment deferred until certain events, such as payoff of first mortgage loan, sale or refinance of your home, or if home no longer owner-occupied