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

Chfa Program

  • Eligibility

    Borrowers must qualify according to the underwriting guidelines as determined by a CHFA Participating Lender.

Borrower Requirements

  • Eligibility

    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

  • Benefits

    No repayment required

Down payment assistance second mortgage

  • Benefits

    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