Does the City of Colorado Springs offer down payment assistance?
Not as a direct cash grant. The city's Community Development Division says its HOME-funded homebuyer assistance runs through two partners, the Rocky Mountain Community Land Trust (RMCLT) and Pikes Peak Habitat for Humanity. RMCLT lowers the purchase cost by keeping a shared investment in the land. It is open to first-time buyers (no ownership in three years) at or below 80% of the El Paso County median, which is $65,200 for one person, $93,100 for four and $108,000 for six. Buyers take a CHFA-certified homebuyer workshop, finance 70% to 80% of the price with a conventional 30-year fixed loan from an RMCLT lender, and put in the greater of 1% or $1,000.
For cash toward a down payment, most Springs buyers use Pikes Peak Down Payment Assistance, run by the El Paso County Housing Authority and linked from the city's housing page. It provides up to 5% of the loan as a forgivable 0% second mortgage. Half is forgiven over the first 60 months and the rest at 30 years. There is no first-time rule, and the income limit is $178,920 for FHA, VA and USDA loans. Teachers, CSPD officers, Colorado Springs Fire Department crews, nurses and military buyers can add the Hometown Heroes 1% grant, which is limited to the first 75 loans.
Staff at District 11, Academy District 20, Harrison 2 or Cheyenne Mountain 12 can choose CHFA Schools To Home instead. It can't be stacked with Pikes Peak DPA, because each program requires its own first mortgage. The El Paso County guide walks through the trade-offs.
Colorado Springs programs
Rocky Mountain Community Land Trust (City of Colorado Springs HOME partner)
OpenCity of Colorado Springs and El Paso County
- Buyers
- First-time buyers (no ownership in 3 years) at or below 80% AMI
- Amount
- Land-trust model lowers purchase cost (shared investment in land)
- Form
- shared equity (community land trust)
- Income cap
- 80% AMI El Paso County: $65,200 (1) to $93,100 (4) to $108,000 (6)
- First-time only
- Yes
- Conditions
- CHFA-certified homebuyer workshop; conventional 30-yr fixed first for 70-80% of price via RMCLT lenders; contribute greater of 1% or $1,000; U.S. citizen or legal status
The City's Community Development Division says its HOME-funded homebuyer assistance runs through RMCLT and Pikes Peak Habitat for Humanity (https://coloradosprings.gov/single-family-housing); the city lists no direct cash DPA of its own. RMCLT eligibility page updated 06/18/2026.
Checked November 2026 · method
Check my eligibility →County programs that cover Colorado Springs
Pikes Peak Down Payment Assistance (PPDPA)
OpenAll of El Paso County including the City of Colorado Springs
- Buyers
- Any buyer (no first-time requirement) using a PPDPA first mortgage
- Amount
- Up to 5% of loan as 0% soft second
- Form
- Forgivable loan
- Income cap
- $178,920 for FHA/VA/USDA; $92,560 for Freddie Mac conventional
- Price cap
- None
- First-time only
- No
- Conditions
- Participating lender; 30-year fixed FHA, VA, USDA or Freddie Mac HFA Advantage; max DTI 45% (640+) or 50% (680+); homebuyer education required for first-time buyers on Freddie loans; no refinances
50% forgiven pro rata over first 60 months, remaining 50% forgiven at 30 years; due on sale/refinance. Not a bond program, so no recapture tax. Funds 'continuously available until further notice.' Linked from the City of Colorado Springs housing resources page. Cannot be combined with CHFA Schools To Home (needs its own first mortgage). See Hometown Heroes add-on under occupation_specific.
Checked November 2026 · method
Program details →Check my eligibility →Statewide programs
10 statewide programs are also open to Colorado Springs buyers, CHFA Schools To Home among them. Full Colorado directory · program match
County guide: El Paso County.
Homebuyer courses near El Paso County
Plan on a homebuyer education course before closing; nearly every program asks for one. HUD-approved agencies serving El Paso County:
| Agency | City | Miles | Services | Languages | Format |
|---|---|---|---|---|---|
| Neighborworks Southern Colorado | Pueblo | 41 mi | homebuyer education class, pre-purchase counseling | English | Face to Face, Phone |
| Upper Arkansas Area Council of Governments | Canon City | 44 mi | homebuyer education class, pre-purchase counseling | English | Face to Face, Phone, Internet |
| Douglas County Housing Partnership | Lone Tree | 52 mi | homebuyer education class, pre-purchase counseling | English, Spanish | Face to Face, Phone, Internet |
From HUD's housing counseling agency list. Programs differ on which courses they accept.
Colorado Springs questions
Is there a City of Colorado Springs down payment grant?
The city lists no direct cash program of its own. Its HOME-funded homebuyer help goes through the Rocky Mountain Community Land Trust and Pikes Peak Habitat for Humanity. For cash assistance, buyers usually use the countywide Pikes Peak DPA.
What are the income limits for RMCLT homes in Colorado Springs?
80% of the El Paso County median: $65,200 for one person, $93,100 for four and $108,000 for six. You must also be a first-time buyer with no ownership in the past three years.
Can I combine Pikes Peak DPA with CHFA Schools To Home?
No. Each program requires its own first mortgage, so a school employee chooses one. Hometown Heroes is an add-on that works only with the Pikes Peak DPA first mortgage.
Check Colorado Springs options in one pass
A lender who offers Colorado programs weighs the city, county and state programs together. No credit check.
Start the eligibility check