If you make up to $16,300 a month or less, you may qualify for down payment assistance in Colorado with the MetroDPA Program.
Verify Your MetroDPA Program Eligibility
The MetroDPA Program is a Colorado-based initiative sponsored by the City and County of Denver to help more residents achieve the dream of homeownership.
With options for down payment and closing cost assistance, the program offers an interest-free, deferred loan to reduce the upfront financial burden, making it easier to buy a home across Colorado's Front Range.
Whether you’re a first-time buyer or looking to relocate, MetroDPA makes homeownership accessible.
MetroDPA Program Eligibility Calculator - Calculate if you qualify for Colorado down payment assistance based on income, credit score, and location.
No Payment, Zero-Interest Loan: Receive a second mortgage loan with no monthly payments, zero interest, and deferment for up to 30 years.
Broad Income Eligibility: Applicants with household incomes up to $195,600 may qualify for assistance.
Credit Score Flexibility: Qualify with a minimum credit score of 640, or even 620 in some cases.
Available Across the Front Range: This program supports home purchases in many Colorado areas, from Castle Rock to Wellington.
Multiple Loan Options: Choose from FHA, VA, USDA, or conventional loan options based on your specific needs.
To qualify for the MetroDPA Program, you must:
Have a household income below $195,600.
Meet a minimum credit score requirement of 640 (sometimes 620).
Purchase a home in one of the designated areas in Colorado's Front Range.
Use an approved lender through the MetroDPA Program to secure a 30-year fixed-rate mortgage.
Start by checking if you qualify for the MetroDPA Program. This quick step will confirm if your income, credit score, and location meet the program’s requirements.
Once eligibility is confirmed, work with an approved lender to complete your application. They’ll guide you through selecting a loan product, gathering necessary documents, and fulfilling program requirements.
Upon approval, you’ll receive down payment and closing cost assistance, making your path to homeownership more affordable and accessible.
The MetroDPA Program provides down payment assistance in the form of a deferred, interest-free second mortgage loan, designed to facilitate homeownership for eligible borrowers.
Under the terms of this assistance, no monthly payments are due on the second mortgage, and no interest will accrue over the loan term.
Repayment of this loan shall be deferred for a period of thirty (30) years from the loan’s origination date, or until such time as one of the following conditions occurs: (1) the borrower sells, transfers, or conveys any ownership interest in the property; (2) the borrower refinances the primary mortgage; or (3) the property ceases to be the borrower’s principal residence.
The assistance provided under this program may be used solely in conjunction with a 30-year fixed-rate primary mortgage loan, which may include FHA, VA, USDA, or conventional loan products as determined by the approved lender.
This second mortgage assistance is strictly intended for down payment and closing costs as allowable under the program guidelines and is subject to all conditions and eligibility requirements as specified by the MetroDPA Program administrators.
The MetroDPA Program is a down payment assistance program for Colorado residents. It provides an interest-free, deferred loan to cover down payment and closing costs, making it easier to purchase a home.
No. The MetroDPA Program is available throughout Colorado's Front Range. You do not need to live in Denver to qualify as long as you are purchasing a home in a participating area.
Only MetroDPA-approved lenders can help you access this assistance.
Assistance amounts vary based on your loan product and the home loan amount. Typically, this assistance covers a portion of your down payment and closing costs.
The down payment assistance loan is deferred for 30 years, interest-free, with no monthly payments required unless you sell or refinance your home, or stop using it as your primary residence.
The assistance can cover your FHA, VA, USDA, or conventional loan down payment, as well as certain closing costs and prepaid expenses.
With billions of dollars in experience in residential financing, our team brings deep local expertise and a comprehensive understanding of Colorado’s housing market.
Our knowledge of Colorado’s unique communities and the challenges that homebuyers face enables us to provide tailored support, making homeownership achievable.
When you work with us, you’re not only accessing essential down payment assistance but partnering with a trusted, experienced resource dedicated to helping you secure a stable and prosperous future in your dream home.
