Down Payment Assistance - Shared Equity Program

What is Down Payment Assistance - Shared Equity Program?

Down Payment Assistance - Shared Equity Program is a shared-appreciation loan for homebuyers in Douglas County, Colorado.

• The Douglas County Shared Equity Program provides down payment assistance in exchange for a share of the home's future appreciation at resale. No monthly DPA payments. Helps preserve long-term affordability in Douglas County. First-time buyers at or below income limits.
• Shared equity model reduces upfront costs.
• no monthly DPA payments.
• appreciation shared at resale.
• preserves long-term affordability.
• Funding comes from Local Government.

How much assistance does it provide?

Down Payment Assistance - Shared Equity Program provides assistance worth 20% of the purchase price, as set by the program.

• Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

Down Payment Assistance - Shared Equity Program is a shared-appreciation loan and is repaid under the terms set by the administering agency.

• Repayment is triggered by Sale and Transfer of Title.
• 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 - Shared Equity Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Down Payment Assistance - Shared Equity 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 - Shared Equity 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 - Shared Equity 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 - Shared Equity 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 HUD-approved homebuyer education required.

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.