State HFA Program Matrix

CHFA Preferred & Preferred Plus

Up to the Lesser of $25,000 or 4% of the total first mortgage loan amount

CHFA SmartStep & SmartStep Plus

Second loan option lesser of $25,000 or 4% of the loan amount or a grant option calculated at the lesser of $25,000 or 3% of the loan amount.

CHFA FirstStep & FirstStep Plus

First-time buyers or qualified veterans. Income limits by county.

Up to the lesser of $25,000 or 4% of the total first mortgage loan amount.

CHFA FirstGeneration & FirstGeneration Plus

At least one first-generation homebuyer. $25,000 second mortgage.

$25,000, regardless of loan size.

CHFA HomeAccess & HomeAccess Plus

Borrowers living with a disability, or caring for someone who is.

Up to $25,000, regardless of loan size.

CHFA Schools To Home

Colorado preK–12 public school employees. DPA up to 25% of the loan.

Up to 25% of the first mortgage loan amount.

Metro DPA Government

3%

Metro DPA Conventional

2%/3%

Metro DPA Den FirstGen

Up to $30,000 of the Note amount. DPA Funds cannot exceed 20% of the Purchase Price.

Ultimate Elite FHA Repayable

Eligible in all states except NY. Not an HFA program.

3.5% and 5% calculated at the lesser of the sales price or appraised value

Ultimate Elite FHA Forgivable

Eligible in all states except NY. Not an HFA program.

3.5% calculated at the lesser of the sales price or appraised value