Fact sheet
Fort Lewis College Employee Mortgage Assistance Program
OpenLa Plata, Montezuma, Archuleta, Dolores and San Juan counties
- Buyers
- Permanent full-time Fort Lewis College employees with 1+ year of service
- Amount
- Lesser of $70,000 or 20% of price; lower-income staff may stack with HomesFund programs up to $125,000
- Form
- deferred (shared appreciation)
Income up to 150% AMI; not first-time only but may not own other residential property; in-person homebuyer education; eligibility letter from FLC HR.
Checked November 2026 · method
Check my eligibility →How the FLC program works
HomesFund administers this employer program for Fort Lewis College in Durango. The assistance is a deferred shared-appreciation loan: no monthly payments, repaid later with a share of the home's gain in value, following the HomesFund model.
Who qualifies?
Permanent, full-time Fort Lewis College employees with at least one year of service. Income can reach 150% of AMI. You do not need to be a first-time buyer, but you cannot own other residential property. Buyers complete in-person homebuyer education and obtain an eligibility letter from FLC Human Resources. Eligible homes are in La Plata, Montezuma, Archuleta, Dolores and San Juan counties.
Stacking with HomesFund and other help
Lower-income staff may combine this benefit with HomesFund's own shared-appreciation loan, up to $125,000 in total. That stacking is stated by HomesFund. FLC is a college, not a preK-12 school, so its employees do not qualify for Schools To Home through FLC employment; a spouse who works for Durango School District 9-R might. Campus police officers would need to meet Colorado Champions' rules separately, and a participating lender confirms whether FLC help can sit behind a CHFA first.
Example: on a $450,000 home, 20% is $90,000, so the $70,000 ceiling applies. A lower-income staff member who also qualifies for HomesFund's loan could add more, up to $125,000 total. Because it is shared appreciation, both pieces would be repaid with a share of any gain. Staff who expect to leave FLC soon should ask how a job change affects the loan.
Since both programs are run by HomesFund, one application process can cover both, and the same counselor can explain how the two balances would be repaid together. Ask how a sale before either loan's term ends would be calculated.
How to apply
- Request an eligibility letter from FLC HR.
- Sign up for HomesFund's in-person homebuyer education.
- Apply with HomesFund and ask whether you also qualify for its income-based loan.
- Choose a lender that has closed HomesFund loans before.
See the La Plata County page, our student loans guide for faculty with loan balances, and check eligibility.
Questions about Fort Lewis College Employee Mortgage Assistance Program
How much is the Fort Lewis College benefit?
The lesser of $70,000 or 20% of the purchase price.
Can I combine it with HomesFund?
Lower-income staff may stack HomesFund programs up to $125,000 total.
Who is eligible?
Permanent full-time FLC employees with at least one year of service, income up to 150% AMI, who own no other residential property.
Similar programs
- Hometown Heroes add-on (Pikes Peak DPA) · El Paso County incl. Colorado Springs
- 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.
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