Bank of Colorado Destination Home - HOPE (Homeownership Possibilities Expanded)

Bank of Colorado Destination Home - HOPE (Homeownership Possibilities Expanded) is a grant for homebuyers in Statewide County, Colorado. Bank of Colorado's HOPE program extends DPA grants up to $15,000 to non-first-time homebuyers at income levels up to 150% AMI. No first-time buyer requirement. Funded by FHLB Topeka. Available statewide through Bank of Colorado. Covers down payment, closing costs, and purchase-related repair. DPA grant up to $15,000 for non-first-time homebuyers. higher 115% AMI limit. down payment, closing cost, and repair assistance. FHLB Topeka-funded. statewide through Bank of Colorado. no first-time buyer requirement. Funding comes from Federal (FHLB Topeka) and Private Bank.

Bank of Colorado Destination Home - HOPE (Homeownership Possibilities Expanded) is structured as a grant, so it is not repaid. Repayment is triggered by Sale and Move out during retention period. The assistance is recorded in None — grant position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Bank of Colorado Destination Home - HOPE (Homeownership Possibilities Expanded) is open to homebuyers who will live in the home as their primary residence. On credit, the program states: 620 minimum FICO. A homebuyer education course is required, through HUD-approved homebuyer education required. Residency requirement: State Resident. Citizenship or immigration status: U.S. Citizen or Permanent Resident. No first-time homebuyer requirement; income at or below 150% AMI; must use Bank of Colorado; primary residence purchase.

Bank of Colorado Destination Home - HOPE (Homeownership Possibilities Expanded) limits household income to 150% of the area median income, which varies by county and household size. At or below 150% AMI statewide; broader eligibility than HSP — expanded for workforce buyers. The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Bank of Colorado Destination Home - HOPE (Homeownership Possibilities Expanded) can be used for Single Family, Condo, and Townhouse. New construction is eligible. Manufactured homes are not eligible.

Bank of Colorado Destination Home - HOPE (Homeownership Possibilities Expanded) serves homebuyers purchasing in Statewide County, Colorado.

Applications for Bank of Colorado Destination Home - HOPE (Homeownership Possibilities Expanded) go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through First-Come-First-Served. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.