CHFA Schools To Home
Down payment assistance for Colorado public school employees, so you can buy a home in the community where you teach and serve.A path to homeownership for Colorado educators
Homeownership supports the long-term stability of our communities. CHFA Schools To Home was created to help Colorado public school employees purchase homes and put down roots where they work. It pairs a fixed-rate first mortgage with meaningful down payment and closing-cost assistance.
Program overview
Fixed-rate first mortgage
A conventional, Fannie Mae first mortgage with a fixed interest rate, so your principal and interest stay predictable.
Up to 25% assistance
Down payment and/or closing-cost assistance provided as a second mortgage for up to 25% of the first mortgage amount.
Shared appreciation
In exchange, you share a percentage of your home’s future appreciation with the Public School Permanent Fund (PSPF).
How the assistance is repaid
The second mortgage (your assistance) and the shared-appreciation amount are deferred, with no monthly payments due on them while you live in the home. Repayment is required only at the end of the loan term, or sooner if an earlier event occurs, such as paying off the first mortgage, selling or refinancing the home, or the home no longer being your primary residence.
Who qualifies as a public school employee?
CHFA Schools To Home is for any individual employed by a Colorado public school, school district, charter school, institute charter school, board of cooperative educational services (BOCES), or innovation zone, who is classified as a full-time employee by their employer. You can verify eligible employers on the Colorado Department of Education website.
Good to know: if multiple borrowers are on the loan, only one borrower must be a full-time public school employee.
See if you qualify, get a quick quote
Tell us a little about your goals and a loan advisor will follow up. No obligation.
Ready to talk it through?
Call 719-228-6055 or get started below.