CHFA SmartStep provides a zero-percent interest second mortgage of up to the lesser of $25,000 or 4% of the first mortgage loan amount. Available to first-time and repeat homebuyers in Colorado through CHFA-approved lenders. Repayment deferred until sale, refinance, or no longer primary residence. Compatible with FHA, VA, and USDA-RD first mortgage products.
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 SmartStep: what it is, who it is for, when it is repaid, where it applies and how to apply. Based on program data from July 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.