Colorado programs
CHFA, the Colorado Housing and Finance Authority, is a statewide organization that helps Coloradans buy and keep homes. It does not hand you a loan directly at a branch; instead it works through participating lenders to pair a first mortgage with optional down payment assistance and homebuyer education. Understanding how the pieces fit makes the whole thing far less intimidating.
How it works
CHFA programs sit on top of familiar loan types, FHA, VA, USDA, or conventional. The CHFA layer adds assistance and education to one of those, rather than being a separate exotic loan.
Most CHFA programs can be paired with assistance toward the down payment and closing costs, offered as a grant or a second mortgage depending on the program. See our down payment assistance page for how that part works.
CHFA requires an approved homebuyer education course and that the loan run through a CHFA-participating lender. There is typically a small minimum borrower contribution as well.
CHFA offers several named programs, for example CHFA FirstStep and CHFA Preferred, aimed at different buyers and loan types. The lineup, income limits, and price limits are set by CHFA and change over time; see chfainfo.com for the current programs and figures. Want to go deeper? See CHFA vs FHA, the full CHFA requirements, the pros and cons, how to refinance a CHFA loan, homebuying help for buyers with disabilities, Pikes Peak down payment assistance, or how Colorado's down payment assistance programs compare.
Who it is for
Where we come in
Common questions
No. CHFA works through participating lenders rather than lending to you at a branch. The loan runs through a lender while CHFA provides the program framework and any assistance.
CHFA programs pair with familiar first mortgages, FHA, VA, USDA, or conventional. The CHFA piece adds assistance and education on top of one of those.
They are examples of CHFA program names aimed at different buyers and loan types. The current lineup and details live at chfainfo.com, which we help you navigate.
Yes. CHFA requires completing an approved homebuyer education course, and there is typically a small minimum borrower contribution as well.
Yes. We offer CHFA’s programs and can help eligible Colorado buyers apply, from the homebuyer education step through closing. We are an independent broker, not CHFA or a government agency, but we can take you through the CHFA process.
Keep exploring
Work with a local Colorado Springs broker who offers CHFA's programs.
Learn moreHow the income and price limits that drive eligibility actually work.
Learn moreGrant or second-mortgage assistance toward your down payment and closing costs.
Learn moreExtra help for buyers who are the first in their family to own a home.
Learn moreThe income and price limits, credit, and homebuyer education it takes to qualify.
Learn moreHow the two fit together in Colorado, and when it pays to layer them.
Learn moreCHFA, CHAC, metroDPA and more, side by side in plain English.
Learn moreThis page is general education, not a commitment to lend, financial advice, or a guarantee of program eligibility, assistance amount, rate, or term. CHFA program rules, income limits, and assistance are set by 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.
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