CHFA HomeAccess Program

CHFA HomeAccess Program is a deferred second loan for homebuyers in Statewide County, Colorado. CHFA HomeAccess provides a 0% interest deferred second mortgage up to $25,000 for first-time homebuyers with a permanent disability or who are custodial parents of a child with a permanent disability. Covers down payment, closing costs, and prepaids. Must pair with a CHFA first mortgage. 0% interest second mortgage up to $25,000. for buyers with permanent disabilities or parents of children with permanent disabilities. covers down payment, closing costs, and prepaids. no monthly DPA payments. statewide. Funding comes from State.

CHFA HomeAccess 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.

CHFA HomeAccess 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 course required ($75 online). Residency requirement: State Resident. Citizenship or immigration status: U.S. Citizen or Permanent Resident. Borrower or custodial child must have a permanent disability; documentation required; must use CHFA first mortgage.

CHFA HomeAccess Program limits household income to 80% of the area median income, which varies by county and household size. Income limits vary by county; up to $174,440 in Denver County; lower in rural areas. 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.

CHFA HomeAccess Program caps the purchase price at $806,500. Eligible property types include Single Family, Condo, Townhouse, and PUD. New construction is eligible. Manufactured homes are not eligible.

CHFA HomeAccess Program names homebuyers 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.

CHFA HomeAccess Program serves homebuyers purchasing in Statewide County, Colorado.

Applications for CHFA HomeAccess 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.