CHAC provides low interest, flexible loans to low and moderate (80% AMI in most areas, 100% AMI for Arvada program) income first time home buyers for down payment and closing cost assistance throughout Colorado. The loan is recorded as a second mortgage (lien) on the property being purchased. All of the loans require repayment, usually monthly, although the start date of those payments may vary. All borrowers are required to have a minimum contribution to the transaction of $1,000 (minimum borrower contribution for the disability program is $750.00) that cannot be a gift.  Other exceptions may apply.

General Information

The first mortgage lender will submit the application on the borrower’s behalf, after a property is under contract and the first mortgage product type selected. Specific rules of the first mortgage may affect the amount and terms of the CHAC assistance available to you.

As the buyer, you must attend a CHFA/CHAC approved first time home buyer class, before your lender submits your application to us.

Once the CHAC loan is committed, the buyer will be required to sign certain legal disclosures and attend a CHAC borrower counseling session. Buyers outside the metro area can complete this requirement by phone.

Both the first time home buyer classes and the borrower counseling sessions can be scheduled through calling 303-572-9445 x10 or emailing

The CHAC loan will close in conjunction with the real estate and first mortgage closing.

More Info For Borrowers More Info For Lenders