Metro Mortgage Assistance Plus


This is a special grant program for low and moderate income individuals and families that seeks to bring the dream of home ownership within reach.

We know that lacking the funds for a down payment is often a barrier to home ownership. As you apply for a 30-year fixed rate mortgage, we help with down payment and closing cost assistance of up to 4% of your loan!

2) (CHAC)    Colorado Housing Assistance Corporation


670 Santa Fe Drive | Denver, CO 80204

[email protected]

[email protected]

Phone: 303.572.9445 | Toll Free: 866.377.7835
TTY: Relay Colorado dial 711

Fax: 303.573.9214 | Efax: 303.339.8439

Job Title         Name             Email                 Phone Number
President         Michelle Mitchell     [email protected]     303.572.9445 ext 16
Vice President         Linda Napier         [email protected]         303.572.9445 ext 11
Programs Coordinator     Charlotte Odonnell     [email protected]     303.572.9445 ext 23
Housing Counselor     Julissa Martinez *     [email protected]     303.572.9445 ext 12
Servicing Manager     Christal Dominguez *     [email protected]     303.572.9445 ext 13
Office Manager         Valerie Ortega *     [email protected]     303.572.9445 ext 10


CHAC has two programs available depending upon the geographical location of the home being purchased:

City and County of Denver, CO – Second mortgage down payment assistance up to $10,000 available to first time home buyers purchasing within the City and County of Denver, CO.

Statewide, outside of Denver, CO Metro – Second mortgage down payment assistance up to $5,000 available to first time home buyers purchasing within the State of Colorado.

3) Denver Homeownership Assistance


4) Colorado Housing and Finance Authority (CHFA)


CHFA (Colorado Housing and Finance Authority)

CHFA has numerous programs offering down payment assistance up to 3.5% of the purchase price based on your needs.   One program offered by CHFA allows buyers who are not first time home buyers to obtain down payment assistance.  CHFA also has the highest income limits of all down payment assistance programs within Colorado.

5) Boulder County Housing Authority


6) Boulder County Housing Authority


7) Aurora’s Home Ownership Assistance Program (HOAP)


8) Funding Partners (including the H20 program)


9) City of Longmont Housing Assistance


10) New West Side Economic Development (NEWSED)


11) Thistle Community Housing

12) Blue Vista Community Housing


Adams County

Second mortgage down payment assistance up to $7,000 available to first time home buyers purchasing within Adams County , CO outside of the city limits of Aurora, CO.  Second mortgage is forgiven at a rate of 10% each year the buyer lives in the home until completely forgiven after 10 years.

Arapahoe County

Second mortgage down payment assistance up to $10,000 available to first time home buyers purchasing within Arapahoe County, CO outside of the city limits of Aurora, CO.  Buyer must have lived in Arapahoe County for the past 12 months or worked in Arapahoe County for past 6 months.

Aurora HOAP (Home Ownership Assistance Program)

Second mortgage down payment assistance up to $10,000 available to first time home buyers purchasing within the city limits of Aurora, CO.

Douglas County

Douglas County has two programs available with different terms:

Down Payment Assistance – Second mortgage down payment assistance up to $20,000 available to first time home buyers purchasing within Douglas County, CO.  Potential buyers must have lived in Douglas County for the past 12 months or currently work in Douglas County at least 20 hours per week.

Shared Equity Program – Second mortgage down payment assistance up to 20% of the purchase price available to first time home buyers within Douglas County, CO.  Potential buyers must  currently work in Douglas County (no minimum number of hours).


Mortgage Credit Certificate


To become a lender, email Stacy Houston at [email protected].

Although a Mortgage Credit Certificate is not a down payment assistance program it is a great option to save a LOT of money.

FUNDS HAVE EXPIRED FOR DENVER’S OFFERING OF THE MORTGAGE CREDIT CERTIFICATE PROGRAM. It is anticipated that the program will resume in January 2015.

Mortgage Credit Certificate Program
The City and County of Denver Mortgage Credit Certificate (MCC) program allows qualifying borrowers to receive an annual federal income tax credit equal to 30% of the annual interest they pay on their mortgage loan. The tax credit enables a taxpayer to subtract the amount of credit from his or her annual total federal income taxes. Borrowers may choose to adjust their W-4 withholding to account for the tax-credit benefit and receive a higher net monthly income. Any excess credit from the MCC may be carried forward for up to three subsequent tax years.

More details for each down payment program


Metro Mortgage Assistance Plus

In order to become a participating lender in this program, participants must be a mortgage banker, an FHA and VA approved mortgagee, and become an approved mortgage lender with the master servicer, US Bank Home Mortgage. If your company meets these qualifications and would like to become a participating lender in the Denver MMA Plus program, please execute and return the Lender Agreement and the US Bank Lender Contact Information Sheet, which can be found below, as well as a Lender Participation Fee of $1,000 (check made payable to “City and County of Denver”).  Please return these three requested items to the attention of Stacy Houston at Raymond James, 5956 Sherry Lane, Suite 1900, Dallas, Texas 75225.  Should you have any questions, interested lenders may contact Stacy Houston ([email protected]) for more information.

Metro Mortgage Assistance Plus

o I have to pay back this down payment grant in the future?

No! This is your incentive to take the exciting step to apply and qualify for a home mortgage.

>>>     How do I find out whether I qualify?

Your lender will help you explore your specific income, debt and credit factors. Unlike previous mortgage assistance programs you may have heard of, there is no requirement that you be a first-time buyer.

Your income needs to be less than $91,100 for households of two or fewer persons (and less than $103,000 for three or more).

>>>     Do I still need to meet other guidelines?

Yes, as any mortgage you do need to meet the standard loan guidelines.

This program asks that you have a minimum FICO score of 640 (660 for manufactured homes) and a maximum debt-to-income ratio of 45, and we also require that you complete a HUD-approved homebuyer education.

And even though a significant portion of your down payment will be supported by this grant, you may need to bring 0.5% (one-half of one percent of the total mortgage) to the closing on your own.

For example, a house you might purchase for $160,000 might require 4% as the down payment plus closing costs, or $6,400. This program would grant you $5,600 of that amount, but you would need to contribute $800.



Where do I get this free homebuyer counseling–the education that you require?

There are a number of nonprofit organizations that provide this service, including:



Denver Metro Housing task force


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