Ultimate Guide to Colorado Down Payment Assistance Guide 2025
Available Programs by Credit Score & Features
| Credit Score | Loan Program | Loan Type | Type of Assistance | Income Limit | First-Time Buyer Requirement |
|---|---|---|---|---|---|
| Under 600 | None | ||||
| 600+ | FHA 100% Loan | FHA | Repayable Second | No Income Limit | No |
| 620+ | CHFAFirst-Generation&FirstGenerationPlus | FHA | Silent Second | See CHFA Income Limits | Yes |
| 620+ | CHFA Smart Step & Smart Step Plus | FHA | Silent Second / Grant | See CHFA Income Limits | No |
| 620+ | CHFA First Step & First Step Plus | FHA | Silent Second | See CHFA Income Limits | Yes |
| 700+ | CHFA Preferred & Preferred Plus | Conventional | Silent Second | See CHFA Income Limits | No |
Glossary
Types of Assistance
Repayable Second: A loan for your down payment requiring monthly payments.
Silent Second: A loan without interest or payments unless you sell or refinance in most cases.
Grant: Funds provided from day one, no repayment required.
Looking for a low down payment with better rates?
See our low down payment program guide here https://speakstraightmortgage.com/post/lowdownpaymentprograms
Get Clarity on what programs you can use. Schedule a meeting here https://links.empowerlo.com/widget/booking/t9otZCJe733FJR4INdfk
CHFA FIRST GENERATION
" placeholdertext="Custom HTML/CSS/JAVASCRIPT"> Custom HTML/CSS/JAVASCRIPTCHFA SMART STEP | SMART STEP PLUS
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" placeholdertext="Custom HTML/CSS/JAVASCRIPT"> Custom HTML/CSS/JAVASCRIPTCHFA INCOME LIMITS 2024
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