Colorado Housing 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:

Home purchase and refinance loans

Down payment and/or closing cost assistance of up to 3%

Free homebuyer education in English and Spanish


  • Benefits

    With a credit score of 680 or above, CHFA Advantage™ is your reward! Whether you are purchasing or refinancing, you can get the benefit of no monthly mortgage insurance costs while only needing a 3% down payment or equity contribution.


  • Benefits

    CHFA Preferred™ requires a minimum credit score of 620 and offers lower monthly mortgage insurance payments than similar programs in the market. Add on CHFA’s optional Down Payment Assistance Grant (CHFA DPA Grant), to help cover the low 3% down payment, closing costs, and/or prepaids.


  • Benefits

    CHFA SmartStep requires a credit score of 620 and typically offers one of our lowest interest rates. You can also get a CHFA Down Payment Assistance Grant (CHFA DPA Grant) to help with the down payment, closing costs, and/or a prepaid option.

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