Boulder County Down Payment Assistance Program

What is Boulder County Down Payment Assistance Program?

Boulder County Down Payment Assistance Program is a deferred second loan for homebuyers in Boulder County, Colorado.

• Boulder County DPA provides up to $40,000 (or 10% of purchase price) in down payment assistance to first-time homebuyers in Boulder County (excluding City of Boulder). Two rate tiers: 0% deferred loan for households at or below 60% AMI; 2% amortizing loan for 61-80% AMI. Max purchase price $489,000. Administered by City of Longmont CDBG Office. Both CHFA homebuyer education and Boulder County Personal Finance Program session required.
• Up to $40,000 or 10% of purchase price DPA.
• Boulder County excluding City of Boulder.
• 0% interest (≤60% AMI) or 2% amortizing (61-80% AMI).
• purchase price cap $489,000.
• requires CHFA and Boulder County Personal Finance Program education.
• Funding comes from Local Government.

How much assistance does it provide?

Boulder County Down Payment Assistance Program provides assistance worth 10% of the purchase price, as set by the program.

• The program can be combined with other assistance, subject to the rules of each.
• Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

Boulder County Down Payment Assistance Program is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

• Repayment is triggered by Sale, Refinance, and Maturity Date.
• The assistance is recorded in 2nd Lien position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Boulder County Down Payment Assistance Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Boulder County Down Payment Assistance Program limits household income to 80% of the area median income, which varies by county and household size.

• Income at or below 80% AMI; Boulder County 4-person 80% AMI = ~$116,150 (2025). Rate tier: ≤60% AMI = 0% deferred; 61-80% AMI = 2% amortizing over 30 years.
• 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.

What kind of home can it be used for?

Boulder County Down Payment Assistance Program caps the purchase price at $489,000.

• Eligible property types include Single Family, Condo, and Townhouse.
• New construction is eligible.
• Manufactured homes are not eligible.

Where does it apply?

Boulder County Down Payment Assistance Program serves buyers purchasing in Boulder County, Colorado.

• The program targets specific areas: Boulder County (excluding City of Boulder; Longmont, Lafayette, Louisville, Erie, etc.).

How do you apply?

Applications for Boulder County Down Payment Assistance Program go through the administering agency, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through CHFA-approved homebuyer education + Boulder County Personal Finance Program session required.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through First-Come-First-Served, and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.