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Affordable Home Ownership


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Affordable Home Ownership Program

The Denver's Department of Housing Stability (HOST) Ownership Program is specifically designed to help qualified, modest-income residents own safe, affordable condominiums and houses. The goal of our program is to provide affordable and safe housing opportunities to all Denver residents. 

The homeownership program has two main requirements:

  1. Applicants must be within the Area Median Income (AMI) limits.
  2. Applicants must maintain a housing payment at or below 35% of the household income.

For more information about our program, income limits and the ratio requirements, call us at 720-913-1634. 

  1.  All employed household members’ income must be within 50-80% Area Median Income (AMI). Follow this link to view AMI income limits for our program and find out if your family’s income is within those limits.
  2. The monthly housing payment expense must be no more than 35% (FEHR) of the household’s income.
  3. A list of current affordable homeownership and rental property opportunities can be found at
  4. Applicants are required to complete a Homebuyer Counseling Program class. Please reach out to one of our partners below and schedule your class today!

Brothers Redevelopment

(303) 202-6340

Colorado Housing Assistance Corp.

(303) 572-9445

Del Norte Neighborhood Development

(303) 477-4774

Denver Housing Authority

(720) 932-3000

NEWSED Community Development

(303) 534-8342

Northeast Denver Housing Center

(303) 377-3334

Prior to submitting an application for the homeownership program, the applicant(s) must be pre-approved by a lender, and be under contract for an affordable home. Please notify your realtor and lender of your interest in purchasing an affordable home and provide them with our contact information should they have any questions. We can be reached at 720-913-1634, or at Below is a list of required documents to apply:

1.     Purchase Contract - A copy of the signed purchase contract for the affordable home you wish to purchase. 

2.     Loan Application - Completed loan application form from the lender (form 1003) and loan approval letter.

3.     Income Documentation:

a.     Paystubs – Two months of the most recent consecutive paystubs for each employed household member. 

b.     Award Letter(s) - If receiving unemployment, social security, pension, survivor, disability, TANF, etc.

c.     Self-employed applicants – Must include the following documents:

                      i.     The last two years of complete Federal Tax Returns (including Schedule C), for both business and personal Federal tax returns.

                     ii.     Copies of any current business contracts

                    iii.     Current business profit and loss statements

4.     Bank Statements – Two months of the most recent and complete bank issued statements for all bank accounts held by each household member. 

5.     Verification of Employment (VOE) – A VOE form must be completed for each employed household member. The VOE is to be completed by the household member’s supervisor/manager.  

6.     An Authorization to Release Form – An authorization to release form must be completed if you wish HOST to share information about your income verification application with your lender or realtor. 

7.     Asset Statements – The two most recent asset statements for all asset accounts including, but not limited to, 401Ks, pensions, stocks, bonds, money market accounts, trust accounts, etc. Dividends received from these types of asset accounts will be included in the household’s annual gross income.

Asset Limits - Assets are limited to one and a half (1.5) times the amount of the published sales price of the affordable unit. HOST may allow certain exemptions for retired or permanently disabled applicants. Down payment funds will be excluded from the asset limit calculation. For additional information, please contact HOST at 720-913-1634. 

8.     Tax Transcripts - Individual and business Federal tax transcripts for the last two years for all employed household members are required. You can request Federal tax transcripts at, or you can call the IRS at 1-800-829-1040 and request a transcript.  Please do not provide State or Federal tax returns.

9.    Court Issued Orders - Please provide a copy of the following Court Orders when applicable:

a.     Executed Divorce Decree

b.     Separation Agreement

c.     Child Support Orders 

d.     Maintenance/alimony Orders  

Court proceedings must be finalized prior to purchasing an affordable unit. An order is not official without a judge’s signature.  

10.     Financial Gifts – Financial gifts are restricted to 20% of the purchase price of the affordable home.  Gift funds must be solely used towards the purchase of the affordable home (i.e. down payment) and the gift letter must include the following information: 

a.     Who is receiving the gift funds;

b.     The name and relationship of the person giving the gift funds;

c.     The exact dollar amount of the gift funds; and

d.     A statement that no repayment is required and that the gift funds will be used solely for the purchase of a Denver affordable home.

11.    Housing Counseling Class Certificate – HOST partners with several non-profit organizations that offer the required FREE homeownership counseling classes. These classes include information on how to obtain a home mortgage, how to prepare for homeownership, closing process information, home maintenance, possible down payment assistance, etc.

    Brothers Redevelopment

(303) 202-6340

Colorado Housing Assistance Corp.

(303) 572-9445

Del Norte Neighborhood Development

(303) 477-4774

Denver Housing Authority

(720) 932-3000

NEWSED Community Development

(303) 534-8342

Northeast Denver Housing Center

(303) 377-3334

12.    Income Verification Application - If you have the documents above, you are ready to start your Income Verification application. Click here to start.

1.   Current affordable homeownership and rental properties can be found at   

2.   Housing funding sources and linkage fee rules

3.   Affordable Housing Program Ordinance   

4.   Link to our program’s Rules and Regulation  

5.   Housing counseling agency providers

Brothers Redevelopment

(303) 202-6340

Colorado Housing Assistance Corp. (CHAC)

(303) 572-9445

Del Norte Neighborhood Development

(303) 477-4774

Denver Housing Authority

(720) 932-3000

NEWSED Community Development

(303) 534-8342

Northeast Denver Housing Center

(303) 377-3334

6.   If you are interested in down payment assistance, the City and County of Denver partners with the Colorado Housing Assistance Corporation (CHAC) to provide this valuable resource to our residents. You can find their down payment assistance at

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!