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Grand County Down Payment Assistance Program

Grand County Down Payment Assistance Program is a deferred second loan for homebuyers in Grand County, Colorado.

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The program asks for

  • 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: State Resident
  • Citizenship or immigration status: U.S. Citizen or Permanent Resident
  • Purchase in Grand County; income limits apply; resort area workforce priority
  • A home in Grand County

It doesn’t cover

  • Manufactured homes
  • Households above 80% of area median income
  • Homes outside Grand County

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

Income limit

80% of Grand County’s area median income

HUD sets the area median income each year. The limit changes with household size, so a family of five has a higher limit than a single homebuyer.

$123,600
Area median income, 4-person household (HUD, 2026)
Income limits in Colorado

Where it applies

Grand County’s homes

  • 58.3% single-family
  • 11.6% townhouse
  • 3.9% 2–4 units
  • 22.7% 5+ units
  • 3.5% mobile & other

A tick marks a kind of home the program’s record lists. The agency confirms it for the home you choose.

$601,500

Grand County median home value

30.6%

built before 1980

U.S. Census Bureau, ACS 2024 5-year. More about buying in Grand County

How to apply

  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 homebuyer can take it to a lender or housing counselor.

Free course · 10 minGrand County Down Payment Assistance Program, explained

Questions about this program

What is Grand County Down Payment Assistance Program?

Grand County Down Payment Assistance Program is a deferred second loan for homebuyers in Grand County, Colorado. Grand County provides deferred DPA for local workers and residents purchasing in this mountain resort area near Winter Park and Granby. 0% interest; no monthly DPA payments. Deferred DPA for Grand County residents. assists buyers in high-cost mountain resort community. 0% interest. no monthly payments. Funding comes from Local Government.

How much assistance does it provide?

Grand County Down Payment Assistance Program offers up to $10,000 in assistance. 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?

Grand County 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 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?

Grand County Down Payment Assistance Program is open to homebuyers who will live in the home as their primary residence. The program lists a minimum credit score of 620. A homebuyer education course is required, through HUD-approved homebuyer education required. Residency requirement: State Resident. Citizenship or immigration status: U.S. Citizen or Permanent Resident. Purchase in Grand County; income limits apply; resort area workforce priority.

What are the income limits?

Grand County Down Payment Assistance Program limits household income to 80% of the area median income, which varies by county and household size. Income at or below 80% AMI; Grand County high-cost area. 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?

Grand County Down Payment Assistance Program can be used for Single Family, Condo, and Townhouse. New construction is eligible. Manufactured homes are not eligible.

Where does it apply?

Grand County Down Payment Assistance Program serves homebuyers purchasing in Grand County, Colorado. The program targets specific areas: Grand County (Winter Park, Granby, Fraser, Hot Sulphur Springs).

How do you apply?

Applications for Grand County Down Payment Assistance Program go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through First-Come-First-Served. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.

Also for Grand County homebuyers

Whether two programs can be combined is up to each agency. Ask before you apply.

All 83 programs for Grand County

Program terms are set by the administering agency and can change; confirm on the official site before you apply.