First Time Homebuyer Programs in Colorado Springs

First time homebuyer programs in Colorado Springs are designed to help you get into your first home with less stress and more support. These programs often include flexible loan types and homebuyer education—but it’s important to know that first-time buyer programs and down payment assistance (DPA) are not the same thing.

First-time buyer programs focus on helping new buyers navigate the process, often with lower credit requirements or government-backed loans like FHA, VA, and USDA. DPA programs, on the other hand, offer financial help with the upfront costs like your down payment or closing costs—and can often be combined with your first-time buyer loan. [Get matched to your first-time buyer options.]

What First-Time Buyer Programs Offer

• Government-backed loans (FHA, VA, USDA)

• Lower Down-Payment Options with HomeReady & HomePath

• Homebuyer education and resources

• Low or no down payment options

• Flexible credit score guidelines

Ability to pair with down payment assistance programs. 

[Find out more about first-time buyer options.]

Who These Programs Are For

• Renters ready to buy their first home

• Young families needing an affordable start

• Veterans and active-duty military (VA loans)

• Buyers with steady income but limited savings

• Anyone who hasn’t owned a home in the past 3 years

Colorado Springs Program Highlights

We work with DPA programs like CHFA, CHAC, Chenoa, NHF and other options. Many allow you to combine down payment help with affordable fixed-rate mortgages. Plus, we help you prepare, get prequalified, and connect with the right real estate partners.

Colorado Springs Communities We Serve

We work with families and individuals across El Paso County. From Southeast Colorado Springs to Stratmoor and Fountain to Northgate and Monument, we help buyers overcome financing barriers and secure stable housing with mortgage options tailored to their needs.  [Explore all your first-time buyer options.]