Standard Program
- Fannie Mae
- Freddie Mac
- FHA
- VA
- USDA
- First-time homebuyers
- Primary residences
- Second homes
- Investment homes
- 1- to 4-unit properties, condominiums
Affordable Programs
- Up to 100% financing
- Low down payment
- HomeReady program
- Home Possible program
- State housing programs
- Programs for those with low to moderate income
- Down payment assistance
Renovation Programs
- FNMA HomeStyle
- FHA 203K
- Minor rehab
- Major rehab
- Primary residences
- Second homes
- Investment properties
- 1- to 4-unit properties, condominiums
- FICO Score as low as 620
- Down payment as low as 3.5%
Jumbo Programs
- 5% down payment
- FICO Score as low as 660
- 1- to 4-unit properties, condominiums
- Primary residences
- Second homes
- Investment homes
- Low down payment with no mortgage insurance (MI)
Niche Programs
- 3% down doctor loans
- Foreign national programs
- Alternative income programs
- Early access programs
- Multi-family jumbo loans
- Non-warrantable condominiums
- Portfolio conforming & jumbo programs
- QM & Non-QM options
- Primary residences
- Seasonal second homes
- Jumbo investment homes
Colorado Down Payment Assistance Programs
CHFA
- Conventional (Fannie Mae or Freddie Mac)
- FHA
- VA
- USDA
- Primary residence only
- Grant up to 3% or silent second up to 4%
- 620 minimum FICO
- $1,000 borrower contribution required
- Income restricted
CO El Paso County
- Conventional (Fannie Mae and Freddie Mac)
- FHA
- VA
- USDA
- Primary residence only
- Repayable 2nd lien up to 5%
- 640-660 minimum FICO
- Can only be used in El Paso County
- Income restricted
Metro DPA
- Conventional (Fannie Mae and Freddie Mac)
- FHA
- VA
- Primary residence only
- Repayable 2nd lien up to 6%
- 640-680 minimum FICO
- Can only be used in select Denver Metro areas
- Income restricted
Multi- State Down Payment Assistance Programs
Arrive Home
- FHA only
- Primary residence only
- Repayable 2nd lien up to 5%
- 660 minimum FICO
- No income restrictions
- MCC’s permitted
Chenoa
- FHA only
- Primary residence only
- Forgivable 2nd lien up to 3.5%
- Repayable 2nd lien up to 5%
- 600 Minimum FICO
- No income restrictions
- MCCs permitted
FHLMC BorrowSmart
- Grant only
- Funds based on income restrictions
- Can be paired with other DPA programs