Fact sheet
Broomfield Down Payment Assistance (CHAC)
OpenCity and County of Broomfield
- Buyers
- Low-to-moderate income first-time buyers
- Amount
- Up to 10% of sale price
- Form
- Deferred loan, repaid later
- Income cap
- 2026: market-rate homes $120,960 (1) / $138,240 (2) / $155,520 (3) / $172,800 (4); affordable homes $80,640 (1) to $115,200 (4)
- First-time only
- Yes
- Conditions
- Buyer contributes greater of $1,000 or 1%; ratios max 35% housing / 45% DTI; lender contacts CHAC
0% simple interest, 30-year deferred, due at maturity, sale or transfer. Flyer dated May 2026.
Checked November 2026 · method
Check my eligibility →How Broomfield's assistance works
Colorado Housing Assistance Corporation administers this program for Broomfield. The loan carries 0% simple interest and no monthly payments for 30 years; it is due at maturity or when you sell or transfer the home. At 10% of the price, it is one of the larger percentage-based loans on the Front Range, and it has no appreciation share, so you repay only what you borrowed.
Who qualifies in Broomfield?
Buyers must be first-time buyers with low-to-moderate income. CHAC's May 2026 flyer sets two sets of income limits. For market-rate homes: $120,960 for one person, $138,240 for two, $155,520 for three and $172,800 for four. For homes sold as affordable units the caps are lower, $80,640 for one person to $115,200 for four. You contribute the greater of $1,000 or 1% of the price, and ratios are capped at 35% for housing and 45% overall.
Broomfield's loan and the state programs
This is a deferred loan, and Schools To Home only accepts another provider's grant, so a school employee should not count on pairing the two. Broomfield is also a metroDPA area and on the Colorado Roots list. Which of these can stack with Broomfield's loan, or with Colorado Champions for a responder, is something a participating lender confirms before you choose.
On a $450,000 market-rate home, 10% would be up to $45,000 of help, repaid only when you sell, transfer or reach maturity. A four-person household earning $160,000 would fall under the $172,800 market-rate limit but above the $115,200 affordable-home limit, which shows why the home type matters. The 35% housing ratio is stricter than many first mortgages, so buyers should check affordability with that ratio in mind.
Ask CHAC how long its review takes so the approval fits inside your contract dates, and keep your 1% contribution in a documented account.
How to apply
Your lender contacts CHAC to start the Broomfield application, so pick a lender familiar with the program. Have documentation of income, assets and first-time status ready, and decide early whether you are shopping market-rate or affordable homes, because the income limit differs. See the Broomfield County page, our teacher income guide, and check eligibility.
County guides for this program: City and County of Broomfield.
Questions about Broomfield Down Payment Assistance (CHAC)
How much can Broomfield's program lend?
Up to 10% of the sale price at 0% simple interest, deferred for 30 years.
What are the 2026 income limits?
For market-rate homes, $120,960 for one person up to $172,800 for four; lower limits apply to affordable homes.
Who starts the application?
The lender contacts CHAC.
Similar programs
- metroDPA (Metro Down Payment Assistance) · Denver metro / Front Range: listed cities and towns plus unincorporated Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas, Elbert, Jefferson and Larimer counties
- CHFA HomeAccess / HomeAccess Plus
- CHFA SectionEight Homeownership / SectionEight Homeownership Plus
- CHFA Preferred Very Low Income (VLIP)
- Colorado HFA1 / Colorado HFA1 Plus
- Colorado Roots Down Payment Assistance Fund
Summarized from the program's official page, November 2026. Money and rules shift; check today's terms with the administrator or a participating lender. Colorado Down Payment Assistance has no tie to this program.
Check this program and the state option together
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