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CHFA Down Payment Assistance Second Mortgage Loan

Quick answer

CHFA Down Payment Assistance Second Mortgage Loan is a Colorado down payment assistance program from Colorado Housing and Finance Authority. It provides Up to the lesser of $25,000 or 4% of your first mortgage as a deferred-payment loan. 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 Second Mortgage Loan?

Requires a CHFA first mortgage. Repayment is deferred until the first mortgage is paid off, the home is sold or refinanced, or it is no longer your primary residence.

DetailProgram terms
AssistanceUp to the lesser of $25,000 or 4% of your first mortgage
TypeDeferred-payment loan
Minimum creditNot published on the program page
First-time buyerSee official page
Income limitsSee official page

How does CHFA Down Payment Assistance Second Mortgage Loan 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 4 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 4% of your first mortgage, according to Colorado Housing and Finance Authority.

It's a deferred loan — no monthly payments, repaid when you sell, refinance or pay off the first mortgage.

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.