CHAC Disability Program

What is CHAC Disability Program?

CHAC Disability Program is a deferred second loan for homebuyers in Statewide, Colorado.

• CHAC's Disability Program is a population-restricted variant of CHAC's standard DPA second mortgage, available only to first-time homebuyer households where at least one household member has a documented permanent disability. The product structure mirrors the 5 Year Deferral product (0% interest deferred for the first 5 years, then 5% amortizing over the remaining term of a 30-year second mortgage), but with a reduced borrower minimum contribution of $750 (vs. the standard $1,000). Loan amounts range from $5,000 to $12,000, capped at 6% of the lesser of sales price or appraised value.
• Statewide DPA second mortgage of up to 6% of the lesser of sales price or appraised value, capped at $12,000 (range $5,000-$12,000) for households where at least one member has a documented permanent disability. Reduced borrower minimum contribution of $750 (vs. $1,000 standard). Repayment terms mirror CHAC's 5 Year Deferral structure (0% deferred for first 5 years, then 5% amortizing over remaining term).
• Funding comes from Nonprofit and CDFI.

How much assistance does it provide?

CHAC Disability Program provides assistance worth 6% of the purchase price, as set by the program.

• The program asks buyers to contribute $750 minimum borrower contribution (reduced from standard $1,000 in recognition of disability-affected household).
• 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?

CHAC Disability 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 No payments for first 60 months. Beginning month 61, monthly principal-and-interest payments at 5% amortizing over remaining term. Full balance due at sale, refinance, transfer, or end of owner-occupancy.
• The assistance is recorded in 2 position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

CHAC Disability Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

CHAC Disability Program limits household income to 80% of the area median income, which varies by county and household size.

• Income limits follow CHAC's standard published tiers (80% AMI by county and household size). Refer to the CHAC Income Limits PDF for full table. CHAC's Disability Program PDF fields are largely blank in the source intake — the program operates as the 5 Year Deferral structure with reduced borrower contribution and disability eligibility overlay.
• The limit applies to total household income, not only the borrower’s.
• The program lists a maximum household size of 8.
• 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?

CHAC Disability Program caps the purchase price as follows: Subject to underlying first-mortgage product purchase-price limits.

• Eligible property types include Single-family detached, Townhome, Condominium (warrantable), and Manufactured (real property, per product).
• New construction is eligible.
• Manufactured homes are eligible.

Is there eligibility for specific groups?

CHAC Disability Program names buyers with disabilities among the groups it serves.

• Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

CHAC Disability Program serves buyers purchasing in Statewide, Colorado.

How do you apply?

Applications for CHAC Disability 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/CHAC-approved First Time Homebuyer education class required prior to application.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through Application submitted by first-mortgage lender via CHAC's online portal after homebuyer education completion, 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.