Mesa County Housing Authority Down Payment Assistance

What is Mesa County Housing Authority Down Payment Assistance?

Mesa County Housing Authority Down Payment Assistance is a deferred second loan for homebuyers in Grand Junction, Colorado, administered by Housing Resources of Western Colorado.

• Mesa County Housing Authority provides DPA to first-time homebuyers in Mesa County (Grand Junction area), coordinating with Housing Resources of Western Colorado (HRWCO). Deferred-payment loan.
• DPA for Mesa County first-time buyers.
• Grand Junction area.
• deferred repayment.
• coordinates with HRWCO.
• Funding comes from Local Government.

Do you have to pay it back?

Mesa County Housing Authority Down Payment Assistance 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?

Mesa County Housing Authority Down Payment Assistance is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Mesa County Housing Authority Down Payment Assistance limits household income to 80% of the area median income, which varies by county and household size.

• Income at or below 80% AMI; Mesa County.
• 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?

Mesa County Housing Authority Down Payment Assistance can be used for Single Family, Condo, and Townhouse.

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

Where does it apply?

Mesa County Housing Authority Down Payment Assistance serves buyers purchasing in Grand Junction, Colorado.

• The program targets specific areas: Mesa County (Grand Junction, Fruita, Palisade).

How do you apply?

Applications for Mesa County Housing Authority Down Payment Assistance go through Housing Resources of Western Colorado, 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 Housing Resources of Western Colorado 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.