Buying your first home in Colorado Springs? You have more options than you think. From low-down-payment programs to down payment assistance, 719 Lending guides first-time buyers through every step, in plain English, with no pressure. Local and rated 4.9★ on Google. (NMLS #1601989, Equal Housing Lender.)
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First-time home buyer programs in Colorado Springs
You don’t need 20% down to buy your first home, that’s the biggest myth in real estate. Most first-time buyers in Colorado Springs use one of these:
- FHA loans — as little as 3.5% down with flexible credit.
- Conventional 3%-down — HomeReady and Home Possible programs for eligible buyers, with removable PMI.
- VA loans — $0 down for eligible veterans and active military.
- Down payment assistance — Colorado (CHFA) programs can help cover your down payment and closing costs. Ask us if you qualify.
- Low and no down payment options — we compare them all.
How much do you really need?
Between low-down loans and assistance programs, many first-time buyers get into a home for far less than they expect. We’ll show you the real number for your situation, down payment, closing costs, and monthly payment, before you ever shop.
First-time buyer steps
- Get pre-approved (free) — know your budget and shop with confidence.
- Find your home — we coordinate with your agent and keep you on track.
- Make an offer — a strong pre-approval wins in a competitive market.
- Close — we manage the appraisal, underwriting, and paperwork.
Why first-time buyers choose 719 Lending
We explain everything, answer the phone, and never rush you. Rated 4.9★ on Google. 719 Lending, NMLS #1601989 — Equal Housing Lender. Compare all your loan options. Read our reviews.
First-time home buyer FAQ
How much down payment do I need as a first-time buyer in Colorado Springs?
As little as $0 with a VA loan, 3.5% with FHA, or 3% with some conventional programs. Down payment assistance may reduce that further.
What credit score do I need to buy my first home?
Many first-time buyers qualify with a score around 620, or lower with FHA. We’ll review your credit and options.
Is there down payment assistance in Colorado Springs?
Yes. Colorado (CHFA) and other programs can help with your down payment and closing costs. Ask us whether you qualify.
How do I start buying my first home?
Start with a free pre-approval. It tells you your budget and makes your offers competitive.
719 Lending — NMLS #1601989. Equal Housing Lender. This is not a commitment to lend; all loans are subject to credit approval and property appraisal. Program terms are subject to change.