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.

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.

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.

Boulder County Down Payment Assistance Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. The program lists a minimum credit score of 620. A homebuyer education course is required, through CHFA-approved homebuyer education + Boulder County Personal Finance Program session required. Residency requirement: County Resident. Citizenship or immigration status: U.S. Citizen or Permanent Resident. Purchase in Boulder County outside City of Boulder limits; first-time buyer (3-year look-back); income at or below 80% AMI; max purchase price $489,000; two required education sessions.

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.

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.

Boulder County Down Payment Assistance Program serves homebuyers purchasing in Boulder County, Colorado. The program targets specific areas: Boulder County (excluding City of Boulder; Longmont, Lafayette, Louisville, Erie, etc.).

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. 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.