FAQ's

What is the Colorado Cares ProgramSM?

It is a down payment assistance program that provides qualified buyers with down payment and closing cost funds required to purchase a home.

What is the maximum assistance amount?

The Colorado Cares Program will provide assistance of up to 3-6% typical, as high as 10% of the sales price toward down payment and closing costs.

Can I purchase any home in my price range?

Yes, however the seller has to be willing to participate in the program by way of a simple agreement entered into with the Colorado Cares Program.

How much money does a the Colorado Cares Program buyer need to purchase a home?

A buyer can obtain homeownership for as little as $0.00 out of pocket! The Colorado Cares Program does not require that a homebuyer come out of pocket with any of their own money.

Are there any income restrictions?

NO. There are no income restrictions.

Do I have to use a particular lender?

NO. Any lender that understands down payment assistance programs is eligible to use the Colorado Cares Program.

Do I have to repay the assistance?

NO. This is not a loan or silent second type program. Once the assistance has been used to close escrow on a purchase of a home, there are no further obligations.