Colorado First-Time Home Buyer Programs of 2021

Jan 1, 2021

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NerdWallet is not affiliated with the Colorado Housing Finance Authority (CHFA) in any way. CHFA does not endorse or affirm the information on this page, including programs, rates or lender ratings. Availability and details of CHFA’s programs are subject to change at any time.

It’s tough to be a first-time home buyer in Colorado these days. With home prices soaring and houses selling quickly, it may feel like your dream of becoming a homeowner is out of reach.

But as a Colorado first-time home buyer, you may have more options than you think. State and national loan programs can make homeownership accessible and affordable, if you know where to find them.

Learn more about first-time home buyer programs available nationwide and from the Colorado Housing and Finance Agency, or CHFA, and how they can benefit you.

National first-time home buyer programs

These national loan programs, which aren’t restricted to first-time home buyers, make it possible to get a mortgage with low credit scores or a limited down payment.

CHFA first-time home buyer loan programs

Using a network of participating mortgage lenders across the state, CHFA offers purchase loans, as well as down payment and closing cost assistance.

Program availability and eligibility requirements vary; contact a CHFA participating lender to learn more about which programs could suit your situation.

CHFA highlights and eligibility requirements


  • Down payment and closing cost assistance for home purchases.

  • Home buyer education offered in English and Spanish.


  • Have a 620 minimum credit score.

  • Complete an in-person or online CHFA home buyer education course.

  • Meet income limits, which vary by location and household size.

  • Make a minimum financial contribution of at least $1,000.

  • Meet the qualification requirements of a CHFA participating lender.

Your next step

Looking for help buying a home in Colorado? Start by finding a CHFA participating lender to determine your eligibility and apply.

You may also want to assess your credit, figure out how much house you can afford and enroll in a Colorado first-time home buyer education class. CHFA makes these available for free in-person or online for a fee, and taking a class will help you make home buying decisions with confidence, no matter which loan option you choose.

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