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Aurora CO Down Payment Assistance Programs
Dated: March 9 2026
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If the down payment is the reason you haven't bought a home yet, you're not alone — and you may have more help available than you think. Aurora, Colorado sits in one of the most program-rich environments for first-time buyers in the country. Between state programs, city grants, and federal options, many Aurora buyers can significantly reduce — or even eliminate — their out-of-pocket down payment.
This guide covers every major program available to Aurora buyers in 2025, who qualifies, how much you can get, and exactly how to apply.
Programs Available to Aurora Buyers in 2025
Quick Comparison: Which Program Is Right for You?
| Program | Min Score | Max Help | Repay? | Best For |
|---|---|---|---|---|
| CHFA FirstStep | 620 | 3% of loan | Deferred | Most buyers |
| Metro DPA | 640 | $25,000 | Forgiven 3yr | Low savings |
| Aurora HOAP | 580 | $10,000 | Forgiven 5yr | Lower income |
| HFA Preferred | 620 | 3% down | N/A | Moderate income |
| Good Neighbor | Varies | 50% off | No | Teachers/First Resp. |
| USDA | 640 | 0% down | N/A | Eligible rural areas |
Stack your programs. Many Aurora buyers use CHFA + Aurora HOAP together. A CHFA lender can help you layer programs to maximize your total assistance — sometimes covering both your down payment AND closing costs.
How to Apply: Step by Step
Most down payment assistance programs are accessed through an approved lender, not directly through the program itself. Here's how the process works:
Find a CHFA-Approved Lender
Not every lender offers these programs. Search CHFA's website for approved Aurora lenders. Interview 2–3 to compare total costs.
Complete a HUD-Approved Homebuyer Education Course
Required for most programs. Available online for $75–$99 and takes about 6–8 hours. CHFA accepts eHome America and Framework.
Get Pre-Approved for the First Mortgage
Your lender runs income and credit checks and identifies which assistance programs you qualify for simultaneously.
Apply for Assistance Through Your Lender
The lender submits on your behalf. For city programs like Aurora HOAP, they coordinate the application with the city directly.
Shop for Your Home
Once pre-approved, you'll know exactly how much you need at closing and can shop confidently. Assistance funds are reserved for you during your home search.
Close with Reduced — or Zero — Out-of-Pocket Costs
Assistance funds are applied at closing. You'll see the final breakdown on your Closing Disclosure document at least 3 days before signing.
Important Fine Print to Know
First-time buyer definition
Most programs define "first-time buyer" as someone who has not owned a primary residence in the past three years — not necessarily someone who has never owned. This means even if you previously owned a home, you may still qualify.
Recapture tax (CHFA)
If you sell your CHFA-financed home within 9 years, at a profit, and your income has increased significantly, you may owe a federal recapture tax. This affects a small percentage of buyers but is worth understanding upfront. A CHFA lender can walk you through the calculation.
Property must be your primary residence
All programs require you to live in the home you purchase. Investment properties and second homes are not eligible.
See Which Programs You Qualify For
A free 15-minute call with RJ Wyrsch at RE/MAX Alliance — Lydia's Home Team — can tell you exactly which programs you're eligible for and how much you could receive.
Visit LydiasHomeTeam.com
Robert Wyrsch
I bring the same discipline, focus, and drive that shaped me as an athlete into every real estate transaction. My goal is to make your journey as stress-free and seamless as possible, helping you reac....
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