303-785-2800
marks@allianceguaranty.com
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Mark Skufca

NMLS ID 303473

303-785-2800 marks@allianceguaranty.com

CHAC Down Payment Assistance

CHAC Down Payment Assistance in Denver, Colorado

Colorado Housing Assistance Corporation (CHAC) has provided first time home buyers in Colorado down payment assistance since 1982.  CHAC provides first time home buyers a low interest rate 2nd mortgage to be used for down payment or closing costs. The home buyer can obtain 1st mortgage from any lender allowing them to obtain the best interest rates available in Colorado.  CHAC funds are limited and may not be available throughout the year.

  • Max Loan Amount: 6% of the purchase price or $10,000 (lesser of the two)
  • First Time Home Buyer ONLY
  • Loan Terms: 30 Year Fixed at 2% OR 30 Year Fixed at 6% with payments deferred for the first 5 years
  • Income Limits: 80% of Median Income
  • Minimum Financial Contribution: $1,000

CHAC Down Payment Assistance in Jefferson County, Colorado

  • Max Loan Amount: 6% of the purchase price or $10,000 (lesser of the two)
  •  First Time Home Buyer ONLY
  • Loan Terms: 30 Year Fixed at 2% OR 30 Year Fixed at 6% with payments deferred for the first 5 years
  • Income Limits: 80% of Median Income
  • Minimum Financial Contribution: $1,000

CHAC Down Payment Assistance throughout Colorado

  • Max Loan Amount: $5,000
  • First Time Home Buyer ONLY
  • Income Limits: 80% of Median Income
  • Minimum Financial Contribution: $1,000

CHAC Colorado down payment assistance guidelines change frequently.  Please contact us at 303.785.2800 for more information on CHAC or start the pre-approval process for a CHAC down payment assistance program.