Comparison
CHFA is the best known, but it is not the only down payment assistance program in Colorado. Depending on where you buy and your income, CHAC, metroDPA, Turnkey Plus, or the Pikes Peak region programs may also be in play, and sometimes more than one can work. Here is a plain-English look at how the main programs compare and how to figure out which fits you.
The landscape
At a glance
Statewide, the most widely used. Pairs with FHA, VA, USDA, or conventional first mortgages and offers assistance as a grant or second mortgage, with income and price limits and homebuyer education. See our CHFA guide.
CHAC is another statewide assistance source, and metroDPA is focused on the Denver metro area. Each has its own income rules and structure, and availability shifts over time.
Programs tied to the Colorado Springs and El Paso County area. They can be a strong fit for local buyers, and the right choice often comes down to your income and which first mortgage you use.
Programs, amounts, and availability are set by each program and change over time. We confirm what is currently open and what you qualify for rather than relying on a static list.
Where we come in
Common questions
Both are Colorado down payment assistance sources. CHFA is the statewide authority most buyers start with, while CHAC is a separate assistance source with its own rules. Which fits depends on your income, location, and first mortgage; we compare them for your situation.
metroDPA is focused on the Denver metro area, while CHFA is statewide. For a Colorado Springs buyer, CHFA and the local Pikes Peak programs are usually more relevant. The best choice comes down to where you buy and your numbers.
Both serve the Colorado Springs and El Paso County area. They differ in structure and eligibility, and the right one depends on your income and the first mortgage you choose. We help local buyers weigh them.
Sometimes, depending on each program rules. It is not always allowed, so it is worth checking rather than assuming. We map out what can be layered for your situation.
There is no single best one; it depends on your income, the home, and your loan. For many local buyers CHFA or a Pikes Peak region program fits well. We compare the ones you qualify for and recommend the strongest.
Keep exploring
Grant or second-mortgage assistance toward your down payment and closing costs.
Learn moreThe plain-English guide to how CHFA programs are put together in Colorado.
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. 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.
Get started
Tell us where you are buying and your rough income and we will line up the assistance programs you qualify for, with no pressure and no application required to ask.
