Colorado programs
Colorado's First Generation Homebuyer program is built for people who are the first in their family to buy a home. Administered through CHFA, it can add meaningful assistance on top of a CHFA loan for buyers who qualify. Here is who the program is for, how the assistance fits with the rest of a CHFA loan, and how we help you find out if it is open to you.
Who it is for
What you get
The first-generation help is designed to stack on top of a CHFA first mortgage, often alongside CHFA's standard down payment assistance, so the support can add up for buyers who qualify.
You still meet income limits, purchase price limits, and complete homebuyer education. The first-generation piece is an add-on to a CHFA loan, not a way around the rest of the program. See our income limits page for that side.
How much assistance the program provides is set by the program and updated over time, so we confirm the current figures when we look at your file. The official details are published through CHFA at chfainfo.com.
Where we come in
Common questions
Broadly, someone whose parents or guardians have not owned a home, or lost one, and in some cases someone who aged out of foster care. The exact definition is set by the program, so we confirm whether you fit before you count on it.
Eligibility combines the first-generation definition with standard program requirements like income limits, purchase price limits, and homebuyer education. Because the rules are set by the program and can change, the practical step is to walk through your situation with a lender who works with it.
The program can add assistance on top of a CHFA loan, and the amount is set by the program and updated over time. Current figures are published through CHFA at chfainfo.com; we help you see what would apply to you.
Often the first-generation assistance is designed to layer with a CHFA first mortgage and CHFA down payment assistance, but the specifics depend on current program rules. We map out how the pieces stack for your situation.
You apply through a participating lender, alongside your CHFA loan. We check whether you meet the first-generation definition and the rest of the eligibility, then handle the application and education steps with you.
Keep exploring
The plain-English guide to how CHFA programs are put together in Colorado.
Learn moreHow CHFA assistance toward your down payment and closing costs is structured.
Learn moreWork with a local Colorado Springs broker who offers CHFA's programs.
Learn moreThis page is general education, not a commitment to lend, financial advice, or a guarantee of program eligibility, assistance amount, rate, or term. First Generation and CHFA program rules, eligibility, and assistance are set by the program and the Colorado Housing and Finance Authority and change over time; confirm current details at chfainfo.com. All loans subject to credit approval; not all applicants will qualify.
Get started
Tell us a little about your situation and we will check whether the First Generation program and a CHFA loan are open to you, with no pressure and no application required to ask.
