hey prescott.
See what you qualify for

Down Payment Assistance - Amortizing Loan Program

Douglas County, Colorado

Last verified
See what you qualify forOfficial program site →
Income limit

$124,950

The household income limit the program publishes

Price cap

$556,000

Highest purchase price the program allows

Repayment

Grant

Not repaid

What is Down Payment Assistance - Amortizing Loan Program?

Down Payment Assistance - Amortizing Loan Program is a grant for homebuyers in Douglas County, Colorado.

  • Douglas County Housing Partnership provides amortizing second mortgage loans to assist first-time homebuyers in Douglas County with their down payment. Monthly payments are required on the DPA loan. Income and purchase price limits apply.
  • Amortizing second mortgage for down payment.
  • lower monthly payment through assistance.
  • serves Douglas County first-time buyers.
  • Funding comes from Local Government.

Do you have to pay it back?

Down Payment Assistance - Amortizing Loan Program is structured as a grant, so it is not repaid.

  • Repayment is triggered by Monthly amortizing payments.
  • 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?

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 — the program sets its own definition
  • The home is occupied as a primary residence
  • A completed homebuyer education course, through HUD-approved homebuyer education required
  • Residency: County Resident
  • Citizenship or immigration status: U.S. Citizen or Permanent Resident
  • Must purchase in Douglas County; first-time homebuyer; income at or below 80-100% AMI

The program excludes

  • Manufactured homes
  • Purchases above the $556,000 price cap
  • Households above $124,950

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?

Down Payment Assistance - Amortizing Loan Program limits household income to $124,950.

  • 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?

Down Payment Assistance - Amortizing Loan Program caps the purchase price at $556,000.

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

Where does it apply?

Down Payment Assistance - Amortizing Loan Program serves buyers purchasing in Douglas County, Colorado.

  • The program targets specific areas: Douglas County only.

How do you apply?

Applications for 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 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.

Other programs in Douglas County, Colorado

See every program in Douglas County, Colorado →

90-second match

Not sure which you qualify for?

Answer 9 questions and we'll match you to every program you can actually use — in about 90 seconds. No SSN, no credit pull.

Find my programs