Down payment assistance programs are available to first-time homebuyers in Colorado.

Down payment assistance is often in the form of a grant or forgivable loan. Many programs target specific populations, like first-time buyers or buyers who meet certain income limits. Down payment assistance programs are designed to increase the affordability of a home (particularly for lower-income buyers).

• Telluride Foundation Housing Opportunity Fund- We strongly encourage anyone moving into one of our homes to explore this option, get up to $5,000 in assistance when purchasing your home. Learn more and apply by clicking here.

• Telluride Association of Realtors First Time Homebuyers Assistance Fund- Pinion Park Norwood buyers can get up to $2,500 in down payment assistance. Learn more and apply by clicking here.

Additional Options:

• The Colorado Housing Finance Authority (CHFA) offers downpayment assistance to homebuyers using one of CHFA’s first mortgage loan programs. Learn more about CHFA down payment assistance grants on their website. Prospective buyers can also call 888.320.3688.

• Veterans may be eligible for down payment assistance through Habitat for Humanity and Federal Home Loan Bank Topeka. Contact Jennifer at 303-454-8965 ext 2 or jennifer@habitatcolorado.org

• The 502 Direct Loan Program from the U.S. Department of Agriculture does not require a down payment. Review our Preferred Lenders page for more information or contact Victoria.martinez@usda.gov.

• Impact Development Fund has information about mortgage products and downpayment assistance for first-time homebuyers. Visit their website for more information or click here to contact IDF.

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