CHFA Provides Grants To Colorado First Time Buyers

The Colorado Housing and Finance Authority (CHFA) provides first time home buyer grants through their CHFA DPA Grant program.

Colorado First Time Home Buyer GrantsUnlike many other states where the grants starts out as a loan with no interest and no payments and eventually becomes a grant after a period of time (most typically 5 years), the Colorado Housing and Finance Authority provides grants right up front.

You can get a Colorado first time home buyer grant for up to 3 percent of your first mortgage loan to help cover some of your down payment and/or closing costs.Ā  For example, that would equal $5,400 for a $180,000 first mortgage loan.

To get more information on the CHFA DPA Grant for first time buyers, visit the CHFA web page here, or contact them directly at:

Debbie Hughes
Grant Writer/Administrator