Create a MyMortgage account to get started
Embrace the adventurous spirit in Colorado, a state renowned for its majestic Rocky Mountains, world-class skiing, and stunning scenery. Colorado offers a healthy lifestyle, a strong economy, and vibrant cities. Conquer your mountain of a mortgage with our competitive rates.
Access to fixed-rate mortgages and financial assistance for your down payment and closing fees are made possible by the Colorado Housing and Finance Authority (CHFA). Generally speaking, you could qualify for a Colorado housing grant if you:
The CHFA homebuyer programs are:
First-time homebuyers, veterans, and any buyer purchasing in a designated region can apply for a 30-year fixed-rate FHA loan through CHFA's FirstStep and FirstStep Plus programs. If necessary, Colorado down payment assistance is also provided. The house you're purchasing and your income must both fall within the program's purchase price and income restrictions, in addition to fulfilling CHFA basic loan conditions.
A 30-year fixed-rate FHA or USDA loan can be made available to a first time home buyer Colorado, veteran, or custodial parent of a person living with a permanent handicap under CHFA's HomeAccess and HomeAccess Plus programs. In addition to the income and purchase price limitations seen in other CHFA programs, qualified applicants may additionally receive up to $25,000 in financial help toward the down payment.
A first-time homeowner or veteran who is simultaneously receiving Section 8 assistance from a Section 8 agency may be eligible for a 30-year fixed-rate FHA or USDA loan under CHFA's SectionEight and SectionEight Plus Homeownership programs. This benefit is not included in the normal SectionEight program; instead, it can only be combined with the SectionEight Plus program.
CHFA offers 30-year fixed-rate FHA, VA, or USDA loans together with Colorado down payment assistance through its SmartStep and SmartStep Plus programs.
The below mentioned programs are for informational purposes only and may not be offered by Total Mortgage. We strive to provide comprehensive information about various mortgage assistance options available in the market. Eligibility requirements and program availability vary depending on your location, income, and loan type. We recommend you contact a Total Mortgage Loan Officer directly for details on qualification and enrollment. Check your eligibility(app.totalmortgage.com/apply?utm_source=assistance-programs)
Inclusion of a program on this website does not constitute an endorsement by Total Mortgage and does not guarantee your eligibility or approval for the program.
Individuals with bad credit ratings or limited cash can receive FHA loans. These loans need a minimum credit score of 580 & a down payment as low as 3.5%.
VA loans provide a chance without requiring a down payment if you are a veteran or member of the armed forces.
USDA loans waive down payments for borrowers making purchases in rural regions qualifying for USDA assistance, which requires a credit score of 640 or more.
Under this HUD-managed program, houses in certain neighborhoods can be purchased for up to 50% less with a much smaller down payment and no additional costs.
Inclusion of a program on this website does not constitute an endorsement by Total Mortgage and does not guarantee your eligibility or approval for the program.
*Terms and Conditions Apply. For complete details click here.
Check out our other locations
Alabama , Arizona , Arkansas , California , Colorado , Connecticut , Delaware , District of Columbia , Florida , Georgia , Illinois , Indiana , Iowa , Kansas , Kentucky , Louisiana , Maine , Montana , Nebraska , Nevada , New Hampshire , New Jersey , New Mexico , New York , North Carolina , North Dakota , Ohio , Oklahoma , Oregon , Maryland , Massachusetts , Michigan , Minnesota , Mississippi , Pennsylvania , Rhode Island , South Carolina , South Dakota , Tennessee , Texas , Vermont , Virginia , Washington , West Virginia , Wisconsin , Wyoming , Guam
