CHFA was created to increase the availability of affordable and accessible housing to the lower and middle income Coloradans. CHFA has many programs they offer and all will require a home buyers education class to be completed. The CHFA offices are centrally located downtown Denver and do take consumer calls. However to secure a CHFA loan you have to work with a CHFA approved lender. M2 Lending is a CHFA approved lender and is one of only 13 approved lenders in Colorado who can offer CHFA to you.

Benefits of CHFA programs

CHFA has been assisting homebuyers in Colorado since 1973! They can make your dream come true. They do require homebuyer education, however, CHFA can supplement when you need down payment assistance.

They only require $1000 to buy a house, that is less than what it takes for a first, last and security deposit for an apartment. Or a pair Local Epic Passes.

You don’t even have to be a first time home buyer to take use this program.

  • No Private Mortgage Insurance

    CHFA has programs without PMI (private mortgage insurance) for qualified buyers, or refinance opportunities.

  • 3% Down Payment

    CHFA is now offering a program for those who have maintained or recently worked on getting your credit in good standing (680+).  It is their CHFA Advantage loan, which offers a 30 yr fixed rate, 3% down and with no mortgage insurance!

  • Tax Credit

    CHFA also offers the MCC, Mortgage Credit Certificate.  This is a tax credit that is available for all first-time homebuyers.


The way it works is CHFA will give you up to a 5% loan, or they will give you a 4% grant to be used for a down payment and closing costs.   CHFA’s interest rates are higher than market rates, but hey they are giving you free money, so the rate is higher.

With all CHFA programs as a borrower you have to invest $1,000 into the transaction when you buy. You must complete a home buyers education, and also live in the house. CHFA does impose income limitations, so depending on which CHFA loan program you select there may be restrictions for income. Call us and we will check the income limits for your area, some area they don’t have any limits.