Helping Colorado homebuyers get into a home with little or no money down

Worried about coming up with a down payment? You’re not alone. The good news is there are down payment assistance programs in Colorado that can help you bridge the gap. Whether you’re buying your first home or coming back to the market after a few years, you may qualify for help with your down payment and even closing costs.

At Choice Mortgage Group, we help buyers across Centennial, Denver, Aurora, Castle Rock, Parker, Highlands Ranch, and surrounding Colorado areas navigate state and local assistance programs with confidence.

What is down payment assistance?

Down payment assistance (DPA) programs offer grants, second mortgages, or forgivable loans to help homebuyers cover part (or all) of their down payment and closing costs. Many programs are geared toward:

  • First-time homebuyers
  • Moderate-income families
  • Teachers, firefighters, and essential workers
  • Buyers in targeted zip codes

These programs are often paired with FHA, VA, USDA, or conventional loans.

Learn more about Colorado programs through CHFA’s official DPA page

Popular down payment assistance options in Colorado

  • CHFA (Colorado Housing and Finance Authority)
    Offers grants and second mortgage options statewide with flexible guidelines.
  • MetroDPA
    Helps buyers in the Denver metro area with up to 6% in down payment assistance.
  • El Paso County Turnkey Program
    Assists buyers in Colorado Springs and surrounding areas.
  • Douglas County Housing Partnership
    Offers programs specific to Castle Rock, Parker, and other south metro communities.

We also have strong in-house programs available. We’ll help you determine which program you qualify for based on your income, location, and loan type.

Who qualifies for assistance?

You may be eligible for DPA if:

– You’re a first-time homebuyer (or haven’t owned in the last 3 years)
– You meet income and purchase price limits
– You have a credit score of 620 or higher
– You plan to live in the home as your primary residence

Some programs also require a homebuyer education course, which we can help you complete online or in-person.

Why work with us?

We specialize in matching Colorado buyers with the right combination of mortgage and assistance programs. Many lenders don’t work with these programs or don’t fully understand how to structure them for success.

We’ll walk you through it from pre-approval to closing so you can buy with confidence (and less out-of-pocket cash).

Call or text us at 303-670-0137, email rbaxter@choicemortgage.com, or request a down payment assistance quote. We’ll help you discover which programs you qualify for and how much help you could get.

*Program availability and guidelines current as of May 2025