First Time Home Buyers’ Programs

Colorado homes come in all shapes and sizes.  Condos, town-homes, lofts, and houses are the residences of the Denver metro area. There are many types of first time home buyers programs available and with the extension of the federal tax credit towards the purchase of a home until April 30, 2010, there is not a better time to find your Colorado dream home.

These first time home buyers programs include:

Economic Stimulus Tax Credit

As part of the American Recovery and Reinvestment Act passed in February 2009, first time home buyers who purchase a property before April 30, 2010 are eligible for up to $8,000 as a tax credit.

The extension of the American Recovery and Reinvestment Act expanded to include ANYONE who purchases a home before April 30th, 2010 is eligible for up to a $6500 tax credit.

Colorado Housing And Financing Authority (CHAFA)

CHAFA will loan you the down payment, against your future IRS tax credit, allowing you to put as little as $1,000 down.

Colorado Housing Assistance Corporation (CHAC)

CHAC has first time home buyers programs that allow you to put as little as $500 down.

Aurora Home Ownership Assistance Program (HOAP)

The city of Aurora offers first time home buyer assistance for low income and moderate income families.

Veterans Administration Programs (VA)

Veterans and active military personnel are eligible for VA loans, which require no down payment.

Other First Time Home Buyers Programs

Denver, Aurora, Adams County, Arapahoe County, Jefferson County, and Douglas County all offer various first time home buyers programs.