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Homebuyer Assistance Program

Gunnison County, Colorado

Last verified
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Income limit

$124,000

The household income limit the program publishes

Repayment

Grant

Not repaid

What is Homebuyer Assistance Program?

Homebuyer Assistance Program is a grant for homebuyers in Gunnison County, Colorado.

  • The Gunnison-Crested Butte Association of Realtors (GCAOR, formerly GCBAR) provides homebuyer assistance grants to help first-time homebuyers in the Gunnison Valley, including Gunnison and Crested Butte. Assists local workforce in affording homes in this high-cost mountain community.
  • Down payment assistance grant for Gunnison Valley buyers.
  • assists local workforce and residents.
  • covers Crested Butte and Gunnison areas.
  • Funding comes from Nonprofit and Industry Association.

Do you have to pay it back?

Homebuyer Assistance Program is structured as a grant, so it is not repaid.

  • Repayment is triggered by None — grant.
  • The assistance is recorded in None — grant position.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Homebuyer 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
  • Residency: County Resident
  • Citizenship or immigration status: U.S. Citizen or Permanent Resident
  • Purchase within Gunnison County; income limits may apply; partner with local lender

The program excludes

  • Manufactured homes
  • Households above $124,000

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?

Homebuyer Assistance Program limits household income to $124,000.

  • 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?

Homebuyer Assistance Program can be used for Single Family, Condo, and Townhouse.

  • New construction is eligible.
  • Manufactured homes are not eligible.

Where does it apply?

Homebuyer Assistance Program serves buyers purchasing in Gunnison County, Colorado.

  • The program targets specific areas: Gunnison County (Gunnison, Crested Butte, Almont).

How do you apply?

Applications for Homebuyer Assistance Program go through the administering agency, which publishes the current terms and the application steps on its own site.

  1. Contact the administering agency to reserve funds

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

  2. 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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Homebuyer Assistance Program, explained

A short, free course on Homebuyer Assistance Program: what it is, who it is for, whether it has to be paid back, where it applies and how to apply. Based on program data from July 2026. About ten minutes.

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