Down Payment Assistance Programs and Grants for First time home buyers in Colorado

Amerifirst Financial

AFI 100 Program- FHA based 100% Financing, with $0 Down-Payment required, but buyer is required to contribute their own closing costs which typically amount to approximately 1% of the purchase price. Minimum required credit score is 620. Amerifirst claims that the interest rates on this program are typically lower than CHFA. Program is not limited to first-time home buyers, however there is a limit to how much money applicants can earn and still qualify (contact Casey Adamson at Amerifirst Financial for full details on the income restrictions and qualifying guidelines at 720-404-2004, or apply online here).
Amerifirst Home Advantage- FHA based 100% Financing (96.5% First mortgage + 3.5% 2nd Lien), with $0 Down-payment required, but buyer is required to contribute their own closing costs which typically amount to approximately 1% of the purchase price. Minimum credit score required is 640. 50% debt-to-income ratio allowed. Program is not limited to first-time home buyers, however there is a limit to how much money applicants can earn and still qualify (contact Casey Adamson at Amerifirst Financial for full details on the income restrictions and qualifying guidelines at 720-404-2004, or apply online here).