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Douglas County Housing Partnership Down Payment Assistance (Amortizing Loan Program)

Douglas County, Colorado

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Income limit

120% AMI

Of area median income; varies by county and household size

Price cap

$556,000

Highest purchase price the program allows

Repayment

Grant

Not repaid

What is Douglas County Housing Partnership Down Payment Assistance (Amortizing Loan Program)?

Douglas County Housing Partnership Down Payment Assistance (Amortizing Loan Program) is a grant for homebuyers in Douglas County, Colorado.

  • The Douglas County Housing Partnership offers an Amortizing Down Payment Assistance Loan to first-time homebuyers purchasing in Douglas County. The program provides up to $25,000 as a low-fixed-rate amortizing second mortgage with monthly payments — distinct from DCHP's deferred shared-equity DPA. Designed for moderate-income workforce buyers who can support a small additional monthly payment in exchange for a non-shared-appreciation product.
  • Amortizing second mortgage of up to $25,000 (typical assistance $15,000-$25,000) at a low fixed rate for down payment and closing-cost assistance to qualifying first-time homebuyers purchasing in Douglas County. Borrower makes monthly payments on the second loan, fully amortized over a 10-30 year term.
  • Funding comes from Local Government, Douglas County, HUD HOME, and CDBG.

Do you have to pay it back?

Douglas County Housing Partnership Down Payment Assistance (Amortizing Loan Program) is structured as a grant, so it is not repaid.

  • Repayment is triggered by Monthly amortizing payments and balloon at sale, refinance, or transfer if loan term exceeds first-mortgage term.
  • 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?

Douglas County Housing Partnership Down Payment Assistance (Amortizing Loan 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 — with exceptions: First-time homebuyer required (no ownership in primary residence past 3 years); displaced-homemaker exception allowed
  • The home is occupied as a primary residence
  • On credit: Mortgage-eligible based on first-mortgage underwriting (no published DCHP minimum)
  • A completed homebuyer education course, through HUD-approved homebuyer counseling agency (e.g., CHAC, mpowered, Brothers Redevelopment) — required for all borrowers
  • Residency: Property must be a primary residence located in Douglas County, Colorado
  • Citizenship or immigration status: U.S. citizen or eligible non-citizen permitted by first-mortgage product
  • Borrower(s) must be first-time homebuyers (no ownership in primary residence past 3 years). Household qualifying income at or below 100%-120% of Douglas County AMI (approximately $66,300 1-person up to $124,950 larger households). Maximum purchase price $556,000. Mandatory pre-purchase counseling. Property must be located in Douglas County, Colorado and used as the primary residence. Borrower must contribute at least 1% of purchase price from own funds. DCHP records an amortizing junior lien — borrower makes monthly payments at a fixed below-market rate.

The program excludes

  • Manufactured homes
  • Purchases above the $556,000 price cap
  • 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?

Douglas County Housing Partnership Down Payment Assistance (Amortizing Loan Program) limits household income to 120% of the area median income, which varies by county and household size.

  • Household qualifying income approximately $66,300 (1-person, ~80% AMI) to $124,950 (8-person, ~120% AMI) for Douglas County per HUD income limits.
  • 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?

Douglas County Housing Partnership Down Payment Assistance (Amortizing Loan Program) caps the purchase price at $556,000.

  • Eligible property types include Single-family detached, Townhome, and Condominium.
  • New construction is eligible.
  • Manufactured homes are not eligible.

Where does it apply?

Douglas County Housing Partnership Down Payment Assistance (Amortizing Loan Program) serves buyers purchasing in Douglas County, Colorado.

How do you apply?

Applications for Douglas County Housing Partnership Down Payment Assistance (Amortizing Loan 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 counseling agency (e.g., CHAC, mpowered, Brothers Redevelopment) — required for all borrowers.

  2. Contact the administering agency to reserve funds

    Funds are reserved through Direct application to DCHP after pre-approval and counseling, 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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