(see eligibility/underwriting requirements for additional information; most CHAC loan programs vary depending upon location (legal description determines) of property being purchased)

Denver (City and County), Jefferson County

  • Loan Amount: 6% of the purchase price, up to $10,000 (whichever is less) City and County of Denver, City of Arvada
  • Loan Amount: 6% of the purchase price, up to $20,000 (whichever is less) Jefferson County, not the City of Arvada
  • Loan Terms: 2 options
  • Payments start immediately: 2% rate 30 year amortization
  • Five (5) year Deferral: Payment start 61st month, 6 % rate, 25 year amortization
  • APR: Range 2% – 7.25% depending on loan amount and repayment terms
  • Fees: May include $5 monthly service fee, $100-$150 doc prep fee, $200 commitment fee, $16-$57 recording fees
  • Westminster is excluded from the Jefferson County Program. (See statewide program)
  • IHO (Inclusionary Housing Ordinance) properties have different amounts and terms


CHAC Statewide Program- all other areas of the State

  • Loan Amount $10,000 maximum – $3,000 minimum
  • Rate: 5%
  • Loan Terms: 360 months – 30 years (maximum)
  • Fees: May include $5 monthly service fee, $100-$150 doc prep fee, $200 commitment fee, $16-$21recording fees

Disability Program: Persons with permanent disabilities or have a child with a permanent disability. (Social Security definition of permanent disability)

  • ALL AREAS of the STATE of COLORADO (Income limits vary by County)
  • Loan Amount $10,000
  • Interest rate 1.5%, APR 5% Term 30 years
  • Payments are deferred for 30 years, interest will accrue
  • Fees: May include $250 commitment fee, $100 doc prep fee, $16-$21 recording fees

Please remember for ALL programs:

  • Income eligibility includes ALL members of the household
  • Non-resident co-borrowers or co-signers are not permitted
  • CHAC cannot provide assistance if property has been Tenant Occupied anytime within 90 days prior to closing.
  • Sales price must be less than or equal to Appraised Value
  • Borrowers must attend a First time homebuyer class (CHFA approved including EHOME )
  • Borrowers must participate in Borrower Counseling Session prior to closing. This is SEPARATE and DIFFERENT from the First Time Homebuyer class and provided only by CHAC—after loan commitment, prior to closing. Denver metro buyers attend class at CHAC office. Class by phone for non metro buyers.
  • Home Inspections Required: All Health and Safety issues must be resolved, Smoke and Carbon Monoxide detectors must be properly installed and working.
  • Properties built prior to 1978 REQUIRE a visual Lead Based Paint Inspection. Property must be certified to be “lead safe” as opposed to “lead free”.
  • Fees vary by program and funding source and will be included in the CHAC loan amount or built into the monthly payment, ($5 service fee)

Other requirements may pertain and will be provided when the Conditional Commitment is issued.

(Last updated 01/16/2018)