Colorado First Time Buyer | Down Payment Assistance Program Guide

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+	CHFA First-Generation & First Generation Plus	FHA	Silent Second	See CHFA Income Limit Video	Yes
620+	CHFA Smart Step & Smart Step Plus	FHA	Silent Second / Grant	See CHFA Income Limit Video	No
620+	CHFA First Step & First Step Plus	FHA	Silent Second	See CHFA Income Limit Video	Yes
700+	UWM 0% Down	Conventional	Silent Second	Income Limit 80% AMI	No
700+	CHFA Preferred & Preferred Plus	Conventional	Silent Second	See CHFA Income Limit Video	No

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.