The Colorado Housing and Finance Authority (CHFA) is a trusted statewide organization dedicated to making homeownership more accessible across Colorado. Created by the state legislature, CHFA provides financing, education, and resources to help individuals and families achieve long-term housing stability.
CHFA programs are designed to reduce the upfront barriers to buying a home while providing long-term financial stability:
Down Payment Assistance Available – Access funds to help cover upfront costs
Fixed-Rate Mortgage Options – Predictable monthly payments
Statewide Trusted Program – Serving Colorado homebuyers for decades
Flexible Financing Solutions – Designed for a range of income levels and buyers
Support from Approved Lenders – Guidance every step of the way
One of the biggest advantages of CHFA is the ability to get help with upfront costs:
Grant Option
Up to 3% of your loan amount (or $25,000 max)
No repayment required
Second Mortgage Loan
Up to 4% of your loan amount (or $25,000 max)
Deferred repayment (typically due when you sell, refinance, or move)
Special Programs Available
Additional support for first-generation buyers and certain qualifying individuals
CHFA loans follow a simple, guided process:
Connect with a CHFA-Approved Lender
CHFA works through a network of participating lenders—not directly with buyers
Get Pre-Approved
Review your finances and determine eligibility
Complete Homebuyer Education
CHFA offers courses to help you confidently navigate the process
Find Your Home
Work with an agent to identify the right property
Close with Confidence
Secure your financing and move into your home
CHFA programs are ideal for:
First-time homebuyers
Buyers with stable income but limited savings
Those who qualify for income and purchase price limits
Anyone looking for assistance with down payment or closing costs
ADDRESS 6455 N UNION BLVD STE 201 COLORADO SPRINGS, CO 80918
ADDRESS 6455 N UNION BLVD STE 201 COLORADO SPRINGS, CO 80918