Schools To Home funds are limited. Colorado Champions for first responders is open, and CHFA says its funds are not limited.Run the eligibility check →
Colorado Down Payment AssistancePrograms, limits & free eligibility check Am I eligible?

Eagle County

Eagle County Division of Housing down payment loan: up to $40,000 for lower-income households

Eagle County households at or below 80% of AMI can borrow up to 4.5% of the price, max $40,000, at 2.5% simple interest over 30 years.

Fact sheet

Eagle County Division of Housing DPA

Open

Eagle County

Buyers
Households at or below 80% AMI
Amount
Up to 4.5% of purchase price, max $40,000
Form
Loan with monthly payments
Income cap
80% AMI
Conditions
Min contribution greater of 1% or $1,000; meet with Eagle County Housing staff first

30-year 2.5% simple interest; payments can be deferred for the first 60 months on approval.

Checked November 2026 · method

Check my eligibility →

How the Division of Housing loan works

This is a 30-year amortizing second from the Eagle County Housing and Development Authority, at 2.5% simple interest. Payments can be deferred for the first 60 months with approval, which gives a new owner five years to settle in before the extra bill starts. After that, it is repaid monthly like any installment loan, with no appreciation share.

Who is eligible?

Households must earn at or below 80% of AMI. You contribute the greater of 1% of the price or $1,000, and you meet with Eagle County Housing staff before applying. The pages we reviewed did not state a first-time buyer rule or a price cap for this loan. With a $40,000 ceiling, the 4.5% cap is reached on homes priced around $889,000 and above.

How it compares with ECLF and state programs

The county runs several funds. The Eagle County Loan Fund serves anyone who lives and works locally, with shared-equity or FHA options, while this loan is aimed at lower incomes with a fixed interest rate. For a school employee, a Schools To Home second of up to 25% may lend more, but CHFA allows only an outside grant behind it, so this repayable loan is unlikely to sit on top. Responders weighing Colorado Champions should ask a participating lender to compare total cost.

Example: on a $600,000 home, 4.5% is $27,000. At 2.5% simple interest over 30 years, that would add roughly $107 a month once payments begin. The 60-month deferral is not automatic, so ask for it in writing if you need it. Lower-income households should also ask county staff whether any of the other three funds fit their situation better.

Lenders count the future payment when they qualify you, so ask how the deferral is treated in your debt ratio.

How to apply

  1. Check that household income is at or below 80% AMI.
  2. Schedule a meeting with Eagle County Housing staff.
  3. Ask whether you qualify for the 60-month payment deferral.
  4. Coordinate the county's approval with your first-mortgage lender.

See the Eagle County page, our buying steps guide, and check eligibility.

County guides for this program: Eagle County.

Questions about Eagle County Division of Housing DPA

How much can I borrow?

Up to 4.5% of the purchase price, with a $40,000 maximum.

What is the interest rate?

2.5% simple interest over 30 years.

Can payments be postponed?

Payments can be deferred for the first 60 months with approval.

Similar programs

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

A lender who offers Colorado programs can compare both against your file. No credit check.

Start the eligibility check