Colorado First-Time Homebuyer Grants: What's Available in 2026
Grant programs and down payment assistance can make homeownership possible for buyers who have the income to support a mortgage but not the savings for a full down payment. Here is what is available in Colorado in 2026.
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Statewide Programs Through CHFA
The Colorado Housing and Finance Authority, known as CHFA, administers several programs for first-time buyers statewide. These include down payment and closing cost assistance programs that can be used alongside CHFA mortgage loans. Assistance may be available as a second mortgage with low or no interest, or in some cases as a grant that does not require repayment. Eligibility is based on income, purchase price limits, and creditworthiness. CHFA programs are available through approved lenders across Colorado, including in the Denver metro area and rural counties.
Local and County-Level Programs
In addition to statewide programs, many Colorado counties and municipalities have their own assistance programs. Denver has its own homebuyer assistance programs for buyers purchasing within city limits. Jefferson County, Adams County, Arapahoe County, and other metro counties may have additional resources available. These programs are often funded through federal Community Development Block Grants and local housing funds. Availability and funding levels can change from year to year, so it is worth checking current status with a mortgage professional.
How Grant Funds Are Typically Applied
Most grant and assistance programs apply funds toward your down payment, closing costs, or both. This reduces the amount of cash you need to bring to closing. Some programs are structured as silent second mortgages, meaning no monthly payment is required — the balance is either forgiven over time or due when you sell or refinance. Others are outright grants with no repayment at all. Your mortgage professional will explain the exact structure of any program you may qualify for.
How to Find Out If You Qualify
The best way to determine your eligibility is to speak with a licensed Colorado mortgage professional who works with these programs regularly. There is no cost to explore your options. The professional will review your income, credit, and the property you are considering, and identify which programs apply. Starting this conversation early gives you more time to prepare and maximizes the programs available to you.
Programs Vary by Colorado County
Homebuyer assistance programs and eligibility requirements can vary depending on where in Colorado you are purchasing. Explore information for your specific county or speak with a mortgage professional to understand what may be available in your area.
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There is no cost to explore your eligibility, and speaking with a mortgage professional does not obligate you to apply for a loan.
Are Colorado homebuyer grants really free money?
Some are. Certain programs provide funds with no repayment requirement as long as you meet program terms. Others are structured as deferred second mortgages, meaning no payment is due until you sell, refinance, or pay off the home — and some of those are forgiven over time. A mortgage professional will explain the specific terms of any program you qualify for.
Do I have to be buying in a specific city to qualify?
It depends on the program. Statewide CHFA programs are available across Colorado. Some local programs are limited to buyers purchasing within a specific city or county. Your mortgage professional can identify which programs apply based on where you are purchasing.
What income level qualifies for assistance?
Income limits vary by program and are typically set as a percentage of the area median income for your county. Many programs serve a broad range of income levels, not just very low-income buyers. The only way to know if you qualify is to have your income reviewed against current program thresholds.
Can grant programs be combined with each other?
Sometimes. Some programs can be layered, meaning you use assistance from one program alongside another. Compatibility depends on the specific programs involved. A mortgage professional experienced with Colorado assistance programs can identify the best combination for your situation.
Ready to Explore Your Options?
Speak with a Colorado-licensed mortgage professional at no cost.