Buying your first home is a big step, and you may not have to fund the down payment on your own. Woodcrest Mortgage helps first-time buyers find grants and assistance programs in Colorado and pair them with the right home loan.
Grants and assistance programs can cover part of your down payment or closing costs, so you can buy sooner with less cash saved.
Grant funds can go toward your down payment or closing costs, reducing what you need to bring to closing.
True grants usually don't need to be paid back; some assistance is a forgivable or deferred second loan instead.
Assistance can typically be combined with FHA, VA, USDA or conventional first mortgages.
Colorado offers statewide programs through CHFA, plus city and county options in many areas.
Many programs include a short homebuyer class that prepares you for owning and maintaining a home.
We check which programs you may qualify for and coordinate them with your loan.
Each program sets its own rules, but common requirements include:
First-Time Buyer Status – Usually defined as not owning a home in the past three years.
Income Limits – Household income must fall under the program's limit for your county.
A Minimum Credit Score – Often around 620, though some programs allow lower scores.
A Homebuyer Education Course – A short approved class completed before closing.
Owner Occupancy – You must live in the home as your primary residence.
Answer a few quick questions about your plans, and a Woodcrest loan officer will reach out with options tailored to this loan program.
Get quick answers to the most common questions homebuyers ask. Our FAQ section is designed to help you understand the mortgage process, explore your options, and feel confident every step of the way.
Some are true grants with no repayment. Others are forgivable or deferred loans that are repaid only if you sell or refinance within a set period.
Amounts vary by program and are often a percentage of your loan amount. We'll tell you exactly what's available for your situation.
Yes. Many assistance programs are designed to work with FHA loans, as well as VA and conventional loans.
Possibly. Most programs treat you as a first-time buyer if you haven't owned a home in the last three years.
