See what "up to 25%" really means.
Understand the deferred second mortgage structure before you hear it from a lender.
Colorado Schools To Home planning tool, not a loan application
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See how Schools To Home could help you
own a home here too.
Up to 25%
in down payment assistance
CHFA's Schools To Home program may offer up to 25% in down payment assistance for full-time Colorado public school employees, structured as a 0% deferred second mortgage. See what that assistance means and what to ask before you talk to a lender.
What your snapshot includes
- A plain-English breakdown of the 25% assistance and shared appreciation
- A reflection on how it may apply to your role and district
- Clear next steps before you talk with a lender
What you receive
Up to 25% assistance is real. So is understanding what you're agreeing to.
See what the assistance actually is, what you'd owe back later, whether your role and situation line up with the program, and what happens next, before you talk numbers with anyone.
Learn what you'd give back later.
Shared appreciation isn't a grant. Get the plain-English version, no formulas, no guesswork.
Leave with real next steps.
Bring informed questions to your first CHFA Participating Lender conversation.
01What "up to 25%" actually means
A deferred, 0% interest second mortgage of up to 25% of your first mortgage amount, with no monthly payment. It can go toward your down payment, closing costs, prepaids or reducing your loan principal.
02What you'd give back later
This is not a grant. When you sell, refinance, pay off your loan, or the home stops being your primary residence, you repay the original assistance amount plus a shared appreciation amount under current CHFA terms.
03Who this is generally designed for
Full-time employees of a Colorado public preK-12 school, district, BOCES, charter or innovation zone. Only one borrower on the loan needs to qualify, and the program is not limited to first-time buyers.
04What happens next if you move forward
CHFA requires approved homebuyer education and its "Understanding Your Financial Commitment" course before closing, but you do not need to complete them before your first conversation with a CHFA Participating Lender.
Not a lender. Not CHFA-affiliated.
As a 0% deferred second mortgage
Up to 25% can open the door. Here's what it actually asks of you later.
Down payment assistance. Shared appreciation. Program requirements. Your snapshot helps organize what's worth understanding, without presenting any of it as guaranteed, automatic, or fully determined until a CHFA Participating Lender reviews your numbers.
Not a lender. Not CHFA-affiliated.
Your next move
Three steps between you and a clearer picture.
Answer a few short questions about your role and what you want clarity on. Get your personalized snapshot immediately. Decide what happens next, on your terms.
Not a lender. Not CHFA-affiliated.
01
Share your starting point
A few quick questions about your role, what matters most to you, and your timeline.
02
See your snapshot
Get a plain-English breakdown built around your answers, immediately.
03
Use it your way
Bring it to your first CHFA Participating Lender conversation, or just sit with it.
Before you start
Is the 25% down payment assistance a grant?
No. It is a deferred second mortgage at 0% interest with no monthly payment. When you sell, refinance, pay off your loan, or stop using the home as your primary residence, you repay the original assistance amount plus a shared appreciation amount under current CHFA terms.
Do I have to be a first-time homebuyer to use Schools To Home?
No. Under current program terms, Schools To Home is not restricted to first-time homebuyers.
Is there a limit on the price of the home I can buy?
Current program terms do not state a purchase price limit. A statewide household income limit of $178,920 applies across all Colorado counties.
Will this snapshot tool affect my credit or commit me to anything?
No. This is an educational planning tool. It does not pull your credit and does not commit you to a lender, a loan, or the program.
See what up to 25% in Schools To Home assistance could mean for you.
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