Colorado's Premier Down Payment Assistance
If your household earns $210,150 or less per year, 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. Here's what you need to know:
Depending on your situation, you may receive up to 5% of your loan amount toward your down payment and closing costs. You can choose from different assistance levels based on what works best for you.
This assistance is a second mortgage, not a grant. The good news: there are no monthly payments and no interest. Repayment is only required if you sell, refinance, or move out of the home.
Most buyers who earn under $210,150 annually, have a credit score of 620 or higher, and are purchasing in an approved area can qualify. 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 Monthly Payments: The assistance is a 30-year deferred second mortgage with no monthly payments required. Repayment is only due if you sell, refinance, or move out.
Broad Income Eligibility: Applicants with household incomes up to $210,150 annually may qualify for assistance.
Credit Score Flexibility: Generally, a credit score of 620 or higher is required. Some scenarios may require a higher score.
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.
Lowest Rate Option: Choose 0% assistance to get the lowest available interest rate on your primary mortgage.
Mid-Range Assistance: Receive approximately 3–4% toward your down payment and closing costs with a modest rate adjustment.
Maximum Assistance: Get up to 5% to cover your down payment and closing costs. Higher assistance may result in a slightly higher interest rate.
Use this simple checklist to see if you may be eligible for MetroDPA assistance:
✓ Credit Score: Generally 620 or higher (some loan scenarios may require a higher score).
✓ Income: Your total household income must be below $210,150 per year.
✓ Property Location: The home must be in an approved metroDPA area within Colorado's Front Range.
✓ Primary Residence: You must intend to live in the home as your primary residence.
✓ Approved Lender: You must work with a MetroDPA-approved lender to obtain your mortgage.
Real stories from Colorado families who achieved their dream of homeownership
"The MetroDPA program made what seemed impossible suddenly possible. We never thought we could afford the down payment, but with 4% assistance, we're now homeowners in Aurora!"
"As a first-time buyer, the process felt overwhelming until I learned about this program. No monthly payments on the assistance loan is a game-changer for our budget."
"We used the MetroDPA calculator and discovered we qualified! Within 60 days, we closed on our first home in Lakewood. The team made everything so simple."
Depending on your situation, you may qualify for additional benefits:
Buying a home in the City and County of Denver? You may be eligible for enhanced benefits through the Denver Advantage program. This option is designed specifically for properties within Denver's city limits and may offer additional assistance opportunities.
Ask your lender if Denver Advantage applies to your purchase.
Want a lower interest rate for the life of your loan? The EDGE Program allows you to permanently reduce your mortgage interest rate by using discount points at closing.
This option can result in significant long-term savings on your monthly payment. Your lender can help you determine if EDGE is the right choice for your budget.
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.
Important: The MetroDPA assistance is a second mortgage, not a grant. Here's what that means for you:
30-Year Deferred Second Lien: The assistance is structured as a second mortgage that is deferred for 30 years.
No Monthly Payments: You are not required to make monthly payments on this second mortgage while you live in the home.
Repayment Triggers: The loan becomes due if you sell the home, refinance your primary mortgage, or stop using the property as your primary residence.
The assistance may be used with a 30-year fixed-rate primary mortgage, including FHA, VA, USDA, or conventional loan products. The funds are specifically intended to help cover your down payment and allowable closing costs.
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. When you verify your eligibility, we'll connect you with an approved lender who can guide you through the process.
You can receive up to 5% of your loan amount toward down payment and closing costs. The program offers flexible options: choose less assistance for a lower interest rate, or more assistance if you need extra help with upfront costs.
The assistance is a 30-year deferred second mortgage—not a grant. There are no monthly payments required while you live in the home. The balance becomes due only if you sell, refinance, or stop using the property 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.
