CHFA HomeAccess Program

What is 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.

Do you have to pay it back?

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.

Who qualifies?

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

What are the income limits?

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.

What kind of home can it be used for?

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.

Is there eligibility for specific groups?

CHFA HomeAccess 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?

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

How do you apply?

Applications for CHFA HomeAccess 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 course required ($75 online).

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.