The Colorado Housing and Finance Authority (CHFA) down payment assistance grants are a lifeline for many prospective homeowners. These grants provide up to 3% of your mortgage amount, which never needs to be repaid. This financial aid can make the difference between continuing to rent and owning your own home. But what exactly are these grants, and how do they work? Let’s delve into the details.
Colorado is home to a multitude of programs designed specifically to assist first-time home buyers. These programs are like your personal support team, offering assistance with down payments, closing costs, and more. And here’s the part that will make you jump for joy – some of these programs provide grants that you don’t have to pay back! Yes, you read that right, it’s essentially free money!