Up to $0 toward a down payment in CO.
CHFA's Down Payment Assistance Second Mortgage Loan is a 0% interest, deferred-payment second mortgage equal to up to 4% of the CHFA first mortgage loan amount (capped at $25,000 in practice for most products). No monthly payments are required. The full principal balance is due upon sale, refinance, payoff of the first mortgage, or when the home is no longer the borrower's primary residence; otherwise repayment is deferred to month 361 of the first mortgage. The Second Mortgage option is an alternative to the CHFA Grant — borrowers select one or the other, not both.
Short reads on how it works, in plain language. Free, no sign-up needed to read.
Free course from Hey Prescott
A short, free course on CHFA Down Payment Assistance Second Mortgage Loan: what it is, who it is for, when it is repaid, where it applies and how to apply. Based on program data from June 2026. About ten minutes.
5 modules · About 10 minutes
Program details are sourced from public agency data and may change. Confirm eligibility with a Hey Prescott loan officer before applying.