Scott Synovic Mortgage Loan Originator Colorado's Mortgage Expert
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Scott Synovic, CMPS
AnnieMac Home Mortgage
303.668.3350

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Down Payment Assistance
Colorado Housing and Finance Authority

As a Colorado Housing and Finance Authority (CHFA) Participating Lender, AnnieMac Home Mortgage supports affordable financing options for first-time homebuyers as well as current homeowners seeking to buy or refinance.
​
Colorado homebuyers can take advantage of CHFA's flexible home loan advantages to help with down payments, insurance, closing costs, and more.

All CHFA loans require completion of a CHFA-sponsored homebuyer education class The class can be completed in-person, for free, or online for a fee of $99.00.

CHFA Down Payment Assistance Grant 

  • Receive up to 3.0% of your 1st Mortgage **
    Example: Receive up to $6,000.00 on a $200,000.00 mortgage​​
    ​

  • No Repayment Required

CHFA Second Mortgage

  • Receive up to 4.0% of your 1st Mortgage **
    Example: Receive up to $8,000.00 on a $200,000.00 mortgage
    ​
  • ​Repayment of loan balance deferred until certain events, such as payoff of your 1st mortgage, or the sale or refinance of the home.

** 30 Year Fixed Rate Mortgage

Continue the Savings with a CHFA Loan Program

CHFA Preferred​sm​

CHFA Preferred™ requires a minimum credit score of 620 and offers lower monthly mortgage insurance payments than similar programs in the market. Add on CHFA’s optional Down Payment Assistance Grant (CHFA DPA Grant), to help cover the low 3% down payment, closing costs, and/or prepaids.​

CHFA FirstStep​sm

CHFA SmartStep requires a credit score of 620 and typically offers one of our lowest interest rates. You can also get a CHFA Down Payment Assistance Grant (CHFA DPA Grant) to help with the down payment, closing costs, and/or a prepaid option.

To qualify for this program:

  • You must have income and total loan amount must be within limits;
  • You must complete a CHFA homebuyer education class (online or in-person) prior to loan closing;you must contribute a minimum of $1,000 toward the purchase of the home
  • you must have a credit score of 620 ​

CHFA SmartStep​sm

CHFA SmartStep requires a credit score of 620 and typically offers one of our lowest interest rates. You can also get a CHFA Down Payment Assistance Grant (CHFA DPA Grant) to help with the down payment, closing costs, and/or a prepaid option.

CHFA Income Limits

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Click here for daily and weekly rate market information and gain insider access to the real estate market and mortgage interest rate trends.
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Scott Synovic NMLS #253799 with AnnieMac Home Mortgage NMLS #338923
NMLS Consumer Access. AnnieMac Home Mortgage

950 South Cherry Street, Suite #1515, Denver, Colorado 80246

Equal Housing Lender licensed through NMLS Regulated by the Division of Real Estate. Licensed Mortgage Loan Originator in Colorado and California. Not endorsed or sponsored by either state or any government agencies.
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  • Introduction
  • Agent Resources
  • Colorado's Mortgage Expert
  • Mortgage Refinance
  • First Time Home Buyers
  • CHFA Down Payment Assistance
  • Metro Mortgage Assistance Plus
  • The HomeReady™ Mortgage
  • Mortgage Blog
  • Renovation Loans
  • Mortgage Loans
  • VA Loans
  • Step 1
  • Step 2
  • Step 3
  • Step 4
  • Mortgage Resources
  • Apply Now
  • searchhotspots
  • Contact