: These are cash awards given to the homebuyer that typically do not require repayment. Examples include the CHFA Down Payment Assistance Grant in Colorado, which provides up to 3% of the first mortgage amount.
: Often structured as "silent second mortgages," these loans have 0% interest and no monthly payments. The debt is forgiven if the buyer lives in the home for a specific period, usually 5 to 10 years.
: The Housing Choice Voucher (HCV) homeownership program allows eligible families to use their existing rental assistance vouchers toward monthly mortgage payments. Common Eligibility Requirements