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?

CHFA Schools To Home

CHFA Colorado Champions for peace officers and deputies

Colorado peace officers and deputy sheriffs can get up to $25,000 or 4% in CHFA down payment help through Colorado Champions. Not a grant; see the details.

Who qualifies

Colorado Champions covers P.O.S.T.-certified peace officers and non-certified deputy sheriffs who work for a Colorado employer in Colorado. Deputies need to be working under the direction of the sheriff, chief or law enforcement executive.

Your lender confirms the role and, when it applies, your P.O.S.T. certification, using the certificate, a paystub, a written VOE or other employer paperwork.

CHFA Schools To Home lets full-time Colorado preK-12 public school employees borrow up to 25% of their CHFA first mortgage as a 0% deferred second mortgage, repaid at sale, refinance or payoff plus a share of any appreciation. CHFA Colorado Champions gives first responders a 0% deferred second of up to $25,000 or 4% of the first mortgage, whichever is less, with no shared appreciation. Neither is a grant, and both pair with a 30-year fixed CHFA first mortgage from a participating lender.

What you get

A 0% deferred second mortgage of up to $25,000 or 4% of your first mortgage, whichever is less. There is no monthly payment, and you repay it when you sell, refinance, pay off the loan or move out. Unlike Schools To Home, there is no shared appreciation. The income limit is $196,810 statewide, and there is no purchase price limit.

Loan choices for officers

Champions works with FHA, VA, USDA-RD, Fannie Mae and Freddie Mac first mortgages. Veterans on the force can pair it with a VA loan, and permanent rate buydowns are allowed on FHA, VA and USDA-RD loans. CHFA says the program does not have limited funds.

Paperwork to gather

  • P.O.S.T. certificate, if you hold one
  • Recent paystub or written verification of employment
  • Letter or paperwork from your agency if you are a non-certified deputy
  • CHFA-approved homebuyer education certificate (each borrower)
  • W-2s, tax returns and bank statements

Questions

Do non-certified deputies qualify?

Yes. Non-certified deputy sheriffs working under the direction of the sheriff, chief or law enforcement executive are covered.

Is the Champions money a grant?

No. It is a 0% deferred second mortgage that you repay when you sell, refinance, pay off the first mortgage or move out. There is no interest and no shared appreciation.

Do I need to be a first-time buyer?

No. Colorado Champions has no first-time buyer requirement and no purchase price limit.

Other eligible jobs

Test your eligibility

Six questions, no credit check. Or call (800) 555-0100.

Start the eligibility check