CHFA does not lend money directly to consumers, so the loan officer at a CHFA Participating Lender becomes your guide. Here is exactly what that person will help you with, from choosing a program and confirming requirements to homebuyer education and closing day in Colorado.
CHFA offers two ways to help Colorado homebuyers with down payment and closing costs: a grant that never has to be repaid, and a deferred second mortgage that is repaid later. Here is how the two structures actually differ, how repayment works, and how a Colorado Springs buyer decides between them.
Down payment assistance for Colorado heroes: how CHFA works, what stacks with GNND, repayable vs. forgivable seconds, and the fine print before you apply.
Buying your first home in Colorado Springs comes down to three things: knowing which down payment programs you qualify for, understanding what today's rates mean for your budget, and following the right steps in order. Here is the local playbook.
CHFA loans, down payment assistance, FHA/VA/USDA, and grants — the complete menu of Colorado first-time home buyer programs for 2026, explained by a local Colorado Springs broker.
CHFA helps Colorado buyers cover the down payment with a grant up to 3% or a deferred second mortgage up to $25,000. Here is how it works in 2026, who qualifies, and the El Paso County limits.
CHFA raised its income and purchase price limits effective June 15, 2026 — here are the new El Paso County (Colorado Springs) numbers, the year-over-year change, and who qualifies.