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CHFA Down Payment Assistance Grant

Quick answer

CHFA Down Payment Assistance Grant is a Colorado down payment assistance program from Colorado Housing and Finance Authority. It provides Up to the lesser of $25,000 or 3% of your first mortgage as a grant (no repayment). Eligibility, income limits and funding are set by the agency, so confirm current terms on its official page.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast verified

Who qualifies for CHFA Down Payment Assistance Grant?

Available to homebuyers who finance their purchase with a CHFA first mortgage loan program.

DetailProgram terms
AssistanceUp to the lesser of $25,000 or 3% of your first mortgage
TypeGrant (no repayment)
Minimum creditNot published on the program page
First-time buyerSee official page
Income limitsSee official page

How does CHFA Down Payment Assistance Grant work with an FHA loan?

Colorado's 2026 FHA one-unit limits start at $541,287, which supports a price of about $560,000 with 3.5% down. On a $250,000 home, the minimum FHA down payment is $8,750 — assistance of up to $25,000 could cover it and part of closing costs, subject to program rules.

Where do I confirm current terms?

On the official page: https://www.chfainfo.com/homeownership/down-payment-assistance. Programs can pause when funds run out, so confirm availability with a participating lender.

“Up to the lesser of $25,000 or 3 percent of your first mortgage” — Colorado Housing and Finance Authority

← All Colorado down payment assistance programs

Frequently asked questions

Up to the lesser of $25,000 or 3% of your first mortgage, according to Colorado Housing and Finance Authority.

No — it's a grant.

Sources

Data last updated October 23, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.