First time home buyer assistance

First Time Home Buyers in Colorado have many benefits to assist them in purchasing a home. Counties in Colorado offer a wide assortment of programs to assist not just first time buyers, but all home buyers in learning more about the process of purchasing and maintaining a home.

Understanding the process helps future home buyers make better decisions. Once they understand the consequences of making a wrong decision they can avoid doing so. Local governments have prepared educational classes so successful that discounts are given to participants, because they have proven to be more responsible in homeownership.

Rewards for taking the education course comes in a variety of forms:

• lower interest rate
• grants for closing costs
• down payment assistance in the form of a “silent” loan
• discounts on PMI are a few incentives.

If you are looking to purchase a home, I suggest you investigate your eligibility for one of these programs. Each county and some city programs are offered throughout the State of Colorado. Check into the program in the county/city where you are interested in purchasing a home.

City Programs:

• Arvada – House to Home Ownership Down Payment Assistance Loan Program (970)-494-2021

• Aurora – Homeownership Assistance Program or (303) 739-7900

• Boulder – Homeownership Programs (303) 441-3157

• Colorado Springs – Homeownership Programs – Affordable homeownership opportunities (719) 385-5985

• Commerce City – Commerce City Housing Authority or call (303) 289-3698

• Delta – West Central Housing Development – Down payment assistance (970) 874-8204, ext. 24

• Denver – Del Norte’s Homeownership Program or (303) 477-4774, ext. 18

• Denver – Colorado Housing Assistance Corp at (303) 572-9445

• Denver – New West Side Economic Development (NEWSED) or (303) 534-8342 ext. 124

• Denver – Southwest Improvement Council (SWIC) – First Time Homeownership Program (303) 934-2268

• Carbondale – Mountain Regional Housing Corporation – Down payment assistance program (970) 963-9606

• Fort Collins – Home Buyer Assistance Program or (970) 221-6758

• Greeley – High Plains Housing Development Corp. (970) 346-7660, ext. 6540

• Longmont – Down Payment Assistance Program or (303) 651-8530

• Loveland – Larimer Home Ownership Program or (970) 667-3232, ext. 39

• Pueblo – Housing Department (719) 553-2850

• Pueblo – Colorado Bluesky Enterprises – Down payment assistance for individuals with developmental disabilities (719) 546-0572

• Pueblo – Neighbor Works of Pueblo – Affordable Housing Program (719) 544-8078

• Westminster – Home ownership Assistance (303) 227-2075

• Wheat Ridge – WRHA Home Ownership Program (303) 422-8600

Statewide Programs:

• Colorado Housing Enterprise (303) 428-1448

• Colorado Housing and Finance Authority (CHFA) – or (303) 297-7376 or (800) 877-2432, ext. 376

• Colorado Housing Assistance Corporation (303) 572-9445

• Home Buyer Workshop Class Schedule

• Colorado Division of Supportive Housing and Homeless Programs – Section 8 Homeownership Program or (303) 866-7350

County Programs:

• Adams County Housing Authority – Homeownership or Program HOTLINE (303) 227-2089

• Arapahoe County – HomeBuyer Program or (303) 738-8060

• Boulder County – Outside city limits of Boulder – Down Payment Assistance Program or (303) 651-8530

• Eagle County – Colorado Housing Assistance Corp or (303) 572-9445

• El Paso County – Single Family Mortgage Bond Program or (719) 520-6481

• Fremont, Chaffee, Custer and Lake counties – Upper Arkansas Area Council of Governments – Mutual Self-Help Housing or call (719) 269-7687 ext. 107

• Jefferson County – Colorado Housing Assistance Corp or (303) 572-9445
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• Larimer County – Larimer Home Ownership Program – Outside city limits of Ft. Collins – (970) 667-3232, ext. 39

• Weld County – High Plains Housing Development Corp. (970) 346-7660, ext. 6540

• Bent, Crowley and Otero counties – Tri-County Housing – Downpayment and closing cost assistance, 2nd mortgages for repairs to a home being purchased, and Home Ownership Counseling (719) 263-5168

• Cheyenne, Elbert, Kit Carson and Lincoln counties – Prairie Development Corp. Down payment assistance program or (719) 348-5562 or (800) 825-0208

• Logan, Morgan, Phillips, Sedgewick, Yuma and Washington counties – Northeast Colorado Housing, Inc. in Fort Morgan – Down payment assistance program call (970) 542-0955

• All counties – Colorado Housing Assistance Corp or (303) 572-9445

About the Author

Kristal Kraft
Kristal has been helping buyers and sellers in Colorado since 1984. She enjoys sharing her knowledge of the Metro Denver Real Estate market via blogging and in person while driving around the beautiful Rocky Mountain town of Denver! For fun, Kristal enjoys shooting things with a Canon. Visit Denver Photo Blog

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