Down payment assistance is becoming a better deal through the Colorado Housing and Finance Authority (CHFA). To compete with some of the down payment assistance bond programs that are out there, CHFA is changing their down payment assistance second mortgages to grants. They will no longer need to be repaid!
CHFA is also removing the purchase price limits. You will still be limited to the county limit for the county your home you are purchasing is located in. These changes go into effect on 2/2/2015. Please feel free to contact Dave Slater at Academy Mortgage for any info or questions!