Down Payment Assistance Colorado Springs

Buying a home in Colorado Springs doesn’t have to mean draining your savings. With Down Payment Assistance (DPA) programs, qualified homebuyers can secure the support they need to make homeownership possible—without the burden of a large upfront cost. Whether you’re a first-time buyer, relocating, or just need help covering initial expenses, the JD.Mortgage team offers access to DPA solutions built around your financial goals. Connect with us today to explore your options and get started.

What Is Down Payment Assistance?

Down Payment Assistance is funding provided—often through grants or second mortgages—that helps cover a portion or all of your required down payment and sometimes even closing costs. These programs are offered through state housing agencies, municipal grants, and nonprofit initiatives. In Colorado Springs, homebuyers can take advantage of a number of local and statewide DPA options depending on income, location, and the type of property. Learn more about available housing assistance in Colorado.

Who Qualifies for DPA in Colorado Springs?

Most DPA programs are geared toward first-time homebuyers, but that doesn’t mean repeat buyers are excluded. You may qualify if:

• Your income falls within program limits
• You’re purchasing a primary residence in Colorado Springs
• You have a minimum credit score (typically 620+, though we offer flexible options)
• You complete a homebuyer education course

We specialize in helping buyers overcome traditional lending obstacles. If you’ve been denied by other lenders due to credit or income, our team may still be able to help.

Top Down Payment Assistance Programs in Colorado Springs

Colorado Springs homebuyers may be eligible for several local and state-run programs:

• CHFA (Colorado Housing and Finance Authority): Offers competitive rates and DPA grants or second mortgages up to 4% of the loan amount.
• El Paso County Turnkey Plus Program: Local DPA initiative that includes a 30-year fixed mortgage and 3%–4% assistance in the form of a forgivable second mortgage. Learn more about Turnkey Plus.
• MetroDPA: Available to eligible buyers in parts of Colorado Springs, offering up to 5% in down payment help.

Our team can help you determine which of these (or other) programs you may qualify for and pair them with the right mortgage product.

Pairing DPA with the Right Loan Program

Down Payment Assistance works best when paired with a low-down-payment loan. The JD.Mortgage team helps you structure your financing using options like:

• FHA Loans – Just 3.5% down, often paired with DPA
• Conventional Loans – 3% down options for qualified buyers
• VA Loans – 0% down for eligible veterans (some local DPA can be used for closing costs)
• USDA Loans – 0% down for eligible rural properties

Not sure where to start? Let us walk you through your best-fit strategy.

Is DPA Right for You?

If you’re struggling with the upfront cost of a home but have the income to support monthly mortgage payments, DPA may be the solution. These programs are designed to expand access to homeownership—not just for first-timers but for anyone whose savings can’t keep pace with rising home prices. In a competitive market like Colorado Springs, every dollar counts. Explore the cost of living in Colorado_