CHFA Down Payment Grant — Up To 3% No Repayment

CHFA Down Payment Assistance

CHFA Down Payment Grant — Free Assistance That Never Needs Repayment

The CHFA Down Payment Grant gives Colorado homebuyers up to 3% of their total loan amount to cover down payment or closing costs. This is a true gift grant — it does not create a second mortgage, requires no monthly payment, and never has to be repaid. Forge Home Lending maps this directly to FHA or conventional paths.

Up to 3%

of loan amount as a true grant

$0

Repayment required ever

620

Minimum baseline FICO score

CHFA Grant Criteria Checkpoints

Review the standard requirements to unlock CHFA gift funding for your property transaction.

Credit Standing

620 minimum mid-FICO rating required across standard programmatic tracks.

Income Parameters

Subject to localized state income caps based on family size and specific county topography.

Education Component

Requires completion of an approved homebuyer education class prior to final execution.

Contribution

Minimum borrower contribution of $1,000 required across active files.

The 5-Step Path

01

Income Check

Forge maps your family profile against regional CHFA income thresholds.

02

Class Selection

Completion of the mandated structural housing course curriculum.

03

Pre-Approval

Locking down base programmatic pre-approval alongside clear grant matching variables.

04

Underwriting

Combined verification checks through standard platform underwriting channels.

05

Closing Day

Grant funds transfer explicitly directly into your final settlement statement balance.

REAL CLIENT REVIEWS

What Colorado Homeowners Say

"Franz walked us through every detail. We were first-time buyers and he treated us like we mattered. Closed in 28 days with DPA covering our entire down payment."

— Maria & Carlos R.

"Self-employed, three businesses, never thought I could get a mortgage easily. Forge sorted it in two weeks. Took less time than my refinance with a different lender."

— Priya M.

"Big-name lender denied us. Franz looked at our file, suggested a different program, and got us approved. Same income, same credit. Forge knows what other lenders don’t."

— Anthony G.

"VA loan with zero down. Franz handled both the mortgage AND helped us find the home. One person, one transaction, zero confusion."

— James T.

COMMON QUESTIONS

Frequently Asked Questions

Do you have to be a first-time buyer?

No. The standard CHFA grant program is open to both first-time and repeat buyers across Colorado, as long as you occupy the property as your primary residence.

Ready When You Are

Your Goals. Our Game Plan.

Schedule your free 30-minute consultation. We’ll review your credit, income, and goals — and map you to the right loan and DPA program. No pressure, no obligation.