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CHFA has been assisting homebuyers in Colorado since 1973! They can make your dream come true. They do require homebuyer education, however, CHFA can supplement when you need down payment assistance, or prefer to make a smaller down payment.

CHFA also has programs without PMI (private mortgage insurance) for qualified buyers, or refinance opportunities.

They do have a credit score, debt-to-income, and income restrictions. If this is a route you are interested in learning more about, contact us to learn more. You can even pair your CHFA mortgage with a cool tax credit (MCC), make sure you ask about this.

Additional tidbits

  • Affordable fixed rate mortgage
  • Homebuyer Education (online or in person)
  • 2nd mortgages available for down payment assistance
    CHFA was created to increase the availability of affordable and accessible housing to the lower and middle-income Coloradans.CHFA has many programs they offer and all will require a homebuyers education class to be completed. The CHFA offices are centrally located in downtown Denver and do take consumer calls. However, to secure a CHFA loan you have to work with a CHFA approved lender. Summit Home Mortgage is a CHFA approved lender and is one of only 13 approved lenders in Colorado who can offer CHFA to you.

The way it works is CHFA will give you up to a 3% loan, whereby you utilize with the applicable CHFA first mortgage to buy your home. CHFA’s interest rates are very competitive to market rates, and as things get tougher in Denver, and with mortgage programs allowing down payment assistance demands for CHFA have grown. CHFA down payment assistance programs are SmartStep Plus & HomeOpener Plus.

CHFA is now offering a new program for those of you who have maintained or recently worked on getting your credit in good standing (680+).  It is their CHFA Advantage loan, which offers a 30 yr fixed rate, 3% down and with no mortgage insurance!

With all CHFA programs as a borrower, you have to invest $1,000 in the transaction when you buy or $500 if you are refinancing your home. You must complete a homebuyers education, and also live in the house. CHFA does impose income limitations, so depending on which CHFA loan program you select there may be restrictions for income. Make sure to check out all of CHFA’s loan programs and see which one might be best for you!

CHFA also offers the MCC, Mortgage Credit Certificate.  This is a tax credit that is available for all first-time homebuyers.  Click here to find out more information.

For more information visit their website at or call 1.888.320.3688. To get approved for a CHFA loan today be sure to fill out our basic pre-approval and we will get in touch with you to move forward.