Colorado First-Time Home Buyer Programs 2026
Up to $25,000 DPA available through Colorado Housing and Finance Authority (CHFA). CHFA SmartStep Plus offers $25K in DPA as a grant for qualifying buyers — never repaid.
Max Assistance
Up to $25,000 DPA
Type
Grant or deferred loan
Min Credit
620+
Max Home Price
$500,000
Ready to apply for Colorado assistance?
Get pre-approved in minutes — your lender will connect you with CHFA programs automatically.
Colorado First-Time Buyer Programs Comparison
| Program | Max Assistance | Type | Min Credit | Income Limit |
|---|---|---|---|---|
| CHFA SmartStep Plus Best — free grant | Up to $25,000 | Grant | 620+ | $100K–$160K |
| CHFA HomeAccess Disabled buyers program | Up to $25,000 | Deferred 2nd loan | 620+ | Same |
| CHFA Preferred Conventional with grant | 4% of loan | Grant | 620+ | Same |
Eligibility Requirements
- ✓620+ credit score
- ✓Income within CHFA limits by county
- ✓Homebuyer education required
- ✓Primary residence
- ✓CHFA-approved lender required
Pro Tip
CHFA programs available statewide: Denver, Colorado Springs, Aurora, Fort Collins, Pueblo and all 64 counties.
How to Apply for Colorado Programs
Get Pre-Approved
Work with a CHFA-approved lender. They handle the state program paperwork for you.
Complete Education
Take the required homebuyer education course (online, ~6 hours, ~$75). Required by most state programs.
Close & Get Funds
The Grant or deferred loan is applied at closing — you don't pay extra at the table.
Official Agency
Colorado Housing and Finance Authority
CHFA — Colorado official housing finance authority
Frequently Asked Questions
What is the best first-time home buyer program in Colorado?
The best program in Colorado is the CHFA SmartStep Plus, which offers Up to $25,000 as a Grant. Minimum credit score: 620. Income limit: $100K–$160K.
How much down payment assistance is available in Colorado?
Colorado offers up to Up to $25,000 DPA through Colorado Housing and Finance Authority (CHFA). The assistance is structured as a Grant or deferred loan. Income limits are $100,000–$160,000 depending on household size and county.
What credit score do I need for Colorado first-time buyer programs?
Most Colorado programs through CHFA require a minimum credit score of 620. Some programs may accept lower scores with compensating factors. Check with an CHFA-approved lender for your exact score requirements.
What is the income limit for Colorado first-time buyer programs in 2026?
In 2026, Colorado income limits are $100,000–$160,000 depending on household size and county. The home price limit is $500,000. These limits are set by Colorado Housing and Finance Authority.
Don't Leave Up to $25,000 DPA on the Table
Pre-approval is free. Your lender will apply for CHFA programs automatically — no extra work for you.
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