Alright, first-time homebuyers, listen up! If you're looking to break into Colorado’s housing market this spring, you’re in luck. The state has a variety of programs designed to help new buyers with down payments, closing costs, and even securing lower interest rates. Whether you're searching for a cozy mountain retreat, a suburban dream home, or a downtown condo, there’s a program out there that can make homeownership more accessible.
Let’s break down some of the best first-time homebuyer programs in Colorado and what you need to know to take advantage of them in 2025.
Why Buy a Home in Colorado Now?
Spring is a prime time for home shopping in Colorado. The market is thawing out from winter, more listings are hitting the MLS, and buyers are actively looking. But with rising interest rates and home prices that haven’t cooled off much, first-time buyers need all the help they can get. That’s where these programs come in.
Top First-Time Homebuyer Programs in Colorado (2025 Edition)
1. CHFA FirstStep and FirstStep Plus Loan Programs
The Colorado Housing and Finance Authority (CHFA) has been a go-to for first-time buyers.
-
Offers low-interest mortgage loans with fixed rates
-
Can be combined with down payment assistance (grants or second mortgage options)
-
Minimum credit score of 620 required
-
Must complete a homebuyer education course
👉 Best for: Buyers who need affordable financing and down payment assistance.
2. MetroDPA Program
For those buying in the Denver metro area, the MetroDPA program is a great option.
-
Provides up to 5% of the loan amount as forgivable down payment assistance
-
Must meet income limits ($176,700 max for 2025)
-
No first-time homebuyer requirement—open to all buyers in participating cities
👉 Best for: Buyers who need help with down payment but don’t want to pay it back.
3. CHAC Down Payment Assistance Program
The Colorado Housing Assistance Corporation (CHAC) provides down payment help for buyers across the state.
-
Offers low-interest, deferred-payment loans for down payments and closing costs
-
Requires $1,000 minimum contribution from the buyer
-
Must complete a homebuyer education course
👉 Best for: Buyers who need assistance covering upfront costs.
4. USDA and VA Loans
For eligible buyers in rural areas or veterans, these federal loan programs offer significant benefits.
-
USDA Loans: Zero down payment loans for buyers in rural Colorado
-
VA Loans: Zero down payment and no private mortgage insurance for eligible veterans
👉 Best for: Military families and buyers considering homes in less densely populated areas.
Tips for First-Time Buyers in 2025
🔹 Get Pre-Approved Early – Before house hunting, know how much home you can afford.
🔹 Explore Different Neighborhoods – Prices and availability vary across Colorado, so be open to multiple areas.
🔹 Work with a Pro – A real estate agent who knows first-time buyer programs can save you time and money.
🔹 Prepare for Competition – The Colorado market moves fast, so be ready to submit strong offers.
Final Thoughts: Make Colorado Home This Spring
Buying your first home is a big deal, but Colorado has plenty of resources to make it easier. From down payment assistance to special mortgage rates, these programs can help you secure your dream home without breaking the bank.
If you're ready to start your home search, reach out to us! We’ll help you navigate the process and find the best first-time buyer program for your needs.
📞 Contact Us
🏡 Moxie Property Group
📞 (303) 578-1220
💻 www.MoxiePropertyGroup.com
📺 YouTube Video
