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.
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.
No. We are an independent mortgage broker and are not affiliated with or endorsed by CHFA. We help you understand and access programs that may fit.
Keep exploring
How CHFA and other programs help cover the upfront cost in Colorado.
Learn moreThe programs and paths built for buying your first home in Colorado Springs.
Learn moreFHA vs conventional, VA vs conventional, and more, side by side.
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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