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Affordable Home Ownership


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Affordable Housing Ownership Program

Denver's affordable housing ownership program is specifically designed to help qualified, modest-income residents own safe, affordable condos and houses. It is delivered based on the important premises of the Denver Inclusionary Housing Ordinance (IHO) which was in place prior to Denver's establishment of its Dedicated Fund for Housing. Although the IHO will not be in effect after January 1, 2017 for new and future construction, many affordable for-sale units in Denver are still protected by long-term convenants that the IHO helped create.

There are three essential requirements of prospective buyers:

  • One, we require that your income falls between certain minimum and maximum income limits, which are defined each year based on data released by HUD, shown in this table. Most affordable homes have a minimum income requirement of 50% Area Median Income (AMI) and a maximum income requirement of 80% AMI. Income limits are not negotiable, are set by federal guidelines, and are closely reviewed.
  • Two, you must demonstrate that your new housing payment (a combination of the principal, interest, property taxes, property insurance, mortgage insurance, and HOA dues) will not exceed 35% of your household’s total gross monthly income. In certain high need areas shown on this map, applicants can be qualified with a ratio up to 43%.

  • Three, before you can purchase an affordable unit, you must complete a homebuyer counseling program. You can start with this list of centrally located nonprofit organizations who provide this counseling. There are other approved providers throughout the metro area as well.

Demand for affordable units to buy greatly exceeds available supply, and we work hard to complete applications for income verification on a priority basis. If you can't find the information here that you're seeking, inquiries can be sent to or by calling 720-913-1634.


Metro DPA Logo
 is a special down payment assistance program for low and moderate-income individuals and families that seeks to bring the dream of home ownership within reach. We know that lacking the funds for a down payment is often a barrier to home ownership. The program provides down payment assistance as a zero-interest, forgivable 2nd mortgage. As you apply for a 30-year fixed rate mortgage, we help with down payment and closing cost assistance of up to 5% of your loan!

Do I have to pay back the 2nd loan down payment assistance in the future?

No! As long as you remain in your home, do not refinance, and make three years of mortgage payments, your 2nd loan is completely forgiven. This is your incentive to take the exciting step to apply and qualify for a home mortgage.

How do I find out whether I qualify?

Your lender will help you explore your specific income, debt, and credit factors. Unlike previous mortgage assistance programs you may have heard of, there is no requirement that you be a first-time buyer.

Your income can not exceed $139,200.

Do I still need to meet other guidelines?

Yes, as with any mortgage, you do need to meet the standard loan guidelines.

This program asks that you have a minimum FICO score of 640 and a maximum debt-to-income ratio of 45, and we also require that you complete a HUD-approved homebuyer education.

And even though a significant portion of your down payment will be supported by this program, you may need to bring some cash to the closing on your own.

For example, a house you might purchase for $300,000 might require 5% as the down payment plus closing costs, or $15,000. This program would grant you $14,250 of that amount, but you would need to contribute $750.

Where do I get this free homebuyer counseling--the education that you require?

There are a number of nonprofit organizations that provide this service. You may select any certified provider of this training based on its location and convenience to your home or work. 

Denver Housing Authority, 720-956-3806
DHA’s mission is to serve the residents of Denver by developing, owning, and operating safe, decent and affordable housing in a manner that promotes thriving communities.  Their goal is for every individual or family to have quality and affordable housing, in communities offering empowerment, economic opportunity, and a vibrant living environment.

Southwest Improvement Council, 303-934-2181   
SWIC’s mission is to empower people, improve the quality of their lives, and advance human rights by tackling challenging community issues at little or no cost to customers.  SWIC is dedicated to serving the people of southwest Denver by providing a variety of services. 

Brothers Redevelopment, Inc., 303-202-6340
Brothers Redevelopment, Inc. is a local, non-profit housing redeveloper, founded in 1971 by a Mennonite minister, a Lutheran minister, and a Catholic layperson. Since then, the agency has concentrated on programs that allow low-income elderly and disabled persons to continue living independently in their homes and communities.

Northeast Denver Housing Center,  303-377-3334     
Northeast Denver Housing Center (NDHC) purchases, rehabilitates and sells homes to low- and moderate-income families located in Denver. The NDHC lease-purchase "Homeownership incubation program" allows families to move into the homes they intend to buy and work on their "bankability" with the help of NDHC housing counselors.

Del Norte Neighborhood Development Corporation, 303-477-4774 ext. 18                       
Del Norte helps build quality, affordable housing; maintains and upgrades existing housing; and assists economic growth through employment and entrepreneurial opportunities to benefit low- and moderate-income families and individuals. Del Norte has several assistance services ranging from a $1,000 closing grant to a $10,000 deferred loan.

Boulder County Housing & Financial Counseling Program, 720-564-2279
Homebuyer education and financial assistance for residents throughout the county. Part of Boulder County Housing & Human Services, with offices in Boulder and Longmont. 

Colorado Housing Assistance Corp., 303-572-9445    
Colorado Housing Assistance Corporation (CHAC) offers down-payment assistance and homebuyer education classes for first-time home buyers. Down payment assistance comes in the form of a low-cost loan, and borrowers are required to contribute at least $1,000 of their own funds toward their down-payment and closing costs. CHAC’s homebuyer education classes introduce first-time homebuyers to special assistance programs and below market rate loans.
Colorado Housing and Finance Authority, 303-297-2432
Colorado Housing and Finance Authority (CHFA) provides funds to finance the places where people live and work throughout Colorado. CHFA has been making dreams come true for over 30 years. CHFA offers low-interest loans, home buyer education classes and additional resources to help you with the purchase of your new home.

NEWSED Community Development Corporation, 303-534-8342
NEWSED CDC offers services for home buyers including down-payment assistance and homebuyer education. Low-interest loans and Individual Development Accounts (IDA) are provided to assist with down payment and closing costs. IDAs are savings accounts that are matched for down payment and closing costs. Borrowers must contribute at least $1,000 of their own funds. NEWSED CDC offers monthly homebuyer education workshops and one-on-one counseling. It also provides foreclosure prevention.

In addition, any HUD approved housing counseling agency is acceptable. For a complete list of agencies, visit

What sorts of homes or properties can I purchase?

  • Single-family, detached house 
  • Condominium or townhome
  • Duplex

You must occupy the home as your primary residence. We do not have a limit on the property price beyond what your lender believes you can qualify for. Note: This program does not include refinancing of properties you already own.

Where should the home I buy be located?

At this time, any home in Denver, Arvada, Aurora, Bennett, Boulder, Brighton, Broomfield, Castle Rock, Centennial, Commerce City, Dacono, Edgewater, Englewood, Erie, Federal Heights, Firestone, Golden, Greeley, Lakewood, Littleton, Lone Tree, Northglenn, Parker, Sheridan, Superior, Thornton, Westminster, or Wheat Ridge can be purchased through this program; the home must be within the incorporated city limits of the participating city. In addition, Arapahoe County, Jefferson County and Boulder County are program participants for properties within unincorporated areas. Additional jurisdictions may join the program throughout the year.

Who are the mortgage lenders?

We’re pleased that the following lenders have offered to work on this program because they know that it represents a small but significant boost to increasing home ownership—which in turn builds the overall strength and vitality of neighborhoods. They are:

1st Mortgage Solutions USA
1st Reverse Mortgage USA
Academy Mortgage Corporation, 303-914-3820                                 
Air Academy Federal Credit Union, 800-223-1983 
All Western Mortgage, 720-489-4445, 303-453-9978 
AMCAP Mortgage Ltd., 713-343-1644
American Financing Corporation, 303-695-7000 
American Pacific Mortgage Corporation, 916-960-1265 
America's Mortgage, 303-996-2400 
Amerifirst Financial Inc., 480-344-1982
AmeriPro Funding, Inc., 303-802-1799 
Axia Financial LLC, 720-980-2886
Bay Equity LLC, 415-632-5150
Blue Spot Home Loans
Caliber Home Loans Inc., 720-439-3300, 720-398-0406 
Castle & Cooke Mortgage LLC, 801-461-7100 
Catalyst Lending Inc., 303-843-4540
Celebrity Home Loans dba Midwest Equity Mortgage LLC
Certainty Home Loans, 972-599-5510, 303-671-8733
Cherry Creek Mortgage, 303-226-8835 
Citywide Home Loans, 303-996-7000
CMG Mortgage, Inc. dba CMG Financial, 925-983-3296
Community Banks Mortgage, a division of NBH Bank
Cornerstone Home Lending, 303-957-2516 
DAS Acquisition Company LLC, 314-628-2117
DHA Financial Inc., 303-217-5620 
DHI Mortgage Co Ltd, 512-533-1750
Diamond Residential Mortgage Corporation, 847-244-2170  
Draper & Kramer Mortgage
Eagle Home Mortgage of California
Eagle Home Mortgage LLC, 720-836-4879
Envoy Mortgage Ltd, 303-429-7121, 303-249-8274
Everett Financial, Inc., 214-340-5225 
Fairway Independent Mortgage Corporation, 866-912-4800 
Finance of America Mortgage LLC
Financial Funding Solutions dba 1st Mortgages, 303-798-6100
First Centennial Mortgage Corporation, 630-806-2112
First Choice Loan Services Inc., 866-970-3400
First National Bank of Omaha, 402-602-5305 
First Ohio Home Finance
First Option Mortgage LLC dba First Option Lending, 303-803-1900 
Gateway Mortgage Group LLC, 972-725-7061
Goldwater Bank N.A., 303-740-1477 
Guaranteed Rate Inc., 303-285-1607, 303-668-6699 
Guaranteed Rate Affinity, 773-516-6900
Guild Mortgage, 720-746-4060
Hallmark Home Loans Inc/Hallmark Home Mortgage LLC, 260-469-0903
Heros First Home Loans
Home Mortgage Alliance LLC
HomeBridge Financial Services, 720-644-3117 
Ideal Home Loans LLC, 303-783-3983 
Independent Bank, 970-330-7819
KBHS Home Loans LLC
Land Home Financial Services Inc.
LeaderOne Financial Corporation, 800-270-3416 LLC, 877-431-0100
LoanItGateway Mortgage Group LLC, 972-725-7061
Goldwater Bank N.A., 303-740-1477 
Guaranteed Rate Inc., 303-285-1607, 303-668-6699 
Guaranteed Rate Affinity, 773-516-6900
Guild Mortgage, 720-746-4060
Hallmark Home Loans Inc/Hallmark Home Mortgage LLC, 260-469-0903
Heros First Home Loans
Home Mortgage Alliance LLC
HomeBridge Financial Services, 720-644-3117 
Ideal Home Loans LLC, 303-783-3983 
Independent Bank, 970-330-7819
KBHS Home Loans LLC
Land Home Financial Services Inc.
LeaderOne Financial Corporation, 800-270-3416 LLC, 877-431-0100
Loan Simple Inc., 303-565-2637
Megastar Financial Corp, 303-321-8800
Midwest Equity Mortgage LLC
Mortgage Solutions of Colorado LLC, 719-955-2340 
Movement Mortgage LLC
Nations Reliable Lending LLC, 713-275-1300
NBH Bank, 303-721-1120
Nest Home Lending
New American Funding dba Broker Solutions Inc., 303-521-7169, 1-877-884-3452 
NOVA Financial & Investment Corp
On Q Financial Inc., 480-305-6216
Pacific Residental Mortgage LLC, 720-317-2500
Paramount Residential Mortgage Group, 720-508-4042
Partners United Financial LLC, 970-218-6576
Peoples Mortgage Company, 480-752-3530 x8119
Premier Mortgage Group
Primary Residential Mortgage, Inc., 303-256-5748
PrimeLending, a Plains Capital Company
Princeton Mortgage Corporation
Republic Mortgage Home Loans, Inc., 800-288-9400
Residential Home Loan
Right Start Mortgage, 626-739-5303
Rocky Mountain Mortgage, 303-773-6106
Security National Mortgage Company, 303-771-0858
Stearns Lending LLC, 714-437-3664
Summit Funding Inc., 916-692-2934
Summit Mortgage Corporation, 720-200-9480 (Lakewood), 720-602-4230 (Westminster) 
Swanson Home Loans
Synergy One Lending Inc., 619-794-1874, 619-374-2429
The Mortgage Company, 303-300-1850 
Thompson Kane & Company LLC
Thrive Mortgage
Vectra Bank Colorado NA, 720-947-7630
V.I.P. Mortgage Inc., 303-407-0100  
Weststar Mortgage Corporation, 303-210-7502 

How do you become a participating lender?

In order to become a participating lender in this program, participants must be a mortgage banker, be an FHA and VA approved mortgagee, and become an approved mortgage lender with the master servicer, US Bank Home Mortgage. If your company meets these qualifications and would like to become a participating lender in the metroDPA program, please execute and return the Lender Agreement and the US Bank Lender Contact Information Sheet, which can be found below. Please return these requested items to the attention of DeDe Cross at George K. Baum, 1400 Wewatta St., Suite 800, Denver, CO 80202. You may contact DeDe Cross ( if you have questions.

US Bank Lender Contact Information Sheet

Lender Agreement

How long will this opportunity last?

The City of Denver has established a revolving pool of $50 million to support this program. As the funds are revolving, the program will remain in place for the foreseeable future, as long as demand continues.

How do I get started?

Contact a participating lender, tell them that you’re interested in the “metroDPA program,” and begin the process today to become the metro area’s newest homeowner!

For Denver residents, there is the potential for qualified borrowers to receive a federal tax credit of up to $2,000 annually as well. Ask your lender whether you meet Mortgage Credit Certificate Program requirements found below.



Wellington Webb Office Building
201 W. Colfax Ave., 6th Floor
Denver, CO 80202

Department of Housing Stability

Main Line: 720-913-1534
Non-Emergency Assistance: 720-913-2000  | Emergencies: Call 9-1-1

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