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City of Aurora Down Payment Assistance Program

Aurora, Colorado

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Assistance

10%

Of the purchase price, as the program sets it

Income limit

120% AMI

Of area median income; varies by county and household size

Repayment

Deferred

No payments until the home is sold or refinanced

What is City of Aurora Down Payment Assistance Program?

City of Aurora Down Payment Assistance Program is a deferred second loan for homebuyers in Aurora, Colorado.

  • Aurora's Prop 123-funded DPA program provides up to 10% of the purchase price as a silent second loan for buyers in Aurora. No monthly DPA payments; repaid on sale or refinance. Higher income limit (120% AMI) than many programs. Available through Oct 31, 2026.
  • Up to 10% of purchase price as silent second loan.
  • no monthly DPA payments.
  • available through Oct 31 2026.
  • funded by Proposition 123.
  • covers Aurora homebuyers up to 120% AMI.
  • Funding comes from Local Government and State (Prop 123).

How much assistance does it provide?

City of Aurora 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?

City of Aurora 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 No Longer Primary.
  • 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?

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

The program requires

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • A minimum 620 credit score
  • A completed homebuyer education course, through HUD-approved homebuyer education required
  • Residency: City Resident
  • Citizenship or immigration status: U.S. Citizen or Permanent Resident
  • Purchase within City of Aurora; income at or below 120% AMI; available through Oct 31 2026 or until funds exhausted; funded by Prop 123

The program excludes

  • Manufactured homes
  • Households above 120% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

City of Aurora Down Payment Assistance Program limits household income to 120% of the area median income, which varies by county and household size.

  • Income up to 120% AMI; up to $168,120 for family of four.
  • 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?

City of Aurora Down Payment Assistance Program caps the purchase price as follows: Must meet Aurora DPA guidelines; no set cap.

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

Where does it apply?

City of Aurora Down Payment Assistance Program serves buyers purchasing in Aurora, Colorado.

  • The program targets specific areas: City of Aurora only (spans Arapahoe, Adams, Douglas counties).

How do you apply?

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

  1. Take a homebuyer education course

    Required by the program, through HUD-approved homebuyer education required.

  2. Contact the administering agency to reserve funds

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

  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.

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