Colorado HomeAccess education, not a loan application
A Home That Works
for the way you actually live.
Comfort, independence, and a home that finally fits how you live may be closer than it feels right now. CHFA HomeAccess is a Colorado home purchase program that may help eligible buyers with the upfront costs of a home like that. Terms and eligibility apply.
- A plain-English explanation of how CHFA HomeAccess works
- Whether a home that fits your life may be closer than you think
- What a conversation with a CHFA Participating Lender could look like
This page is educational only. It does not submit an application or automatically connect you with a lender. A CHFA Participating Lender confirms all final program details.
The assistance
What HomeAccess May Make Possible
For eligible Colorado buyers, CHFA HomeAccess may help cover the upfront costs that often stand between renting and owning a home that actually works for daily life. The program pairs FHA, VA, or USDA-RD purchase financing with an optional second mortgage.
CHFA HomeAccess is designed for eligible Colorado buyers who are purchasing a home with a household member who has a permanent disability, and who could benefit from a home better suited to everyday living.
This is an optional, zero percent second mortgage toward permitted purchase costs. It is not cash and not a grant. It has no monthly payment, and it is generally repaid at sale, refinance, or when the home is no longer the borrower's primary residence. Program, lender, and eligibility requirements apply.
What HomeAccess Is, and What It Is Not
Clear terms matter more than a big number. Here is the straightforward version of what CHFA HomeAccess actually is before you go any further.
What It Is
- A Colorado home purchase program using FHA, VA, or USDA-RD financing.
- An optional second mortgage of up to $25,000 for permitted purchase costs.
- A zero percent second mortgage with no monthly payment and no accrued interest.
- Generally repaid at sale, refinance, or when the home is no longer your primary residence.
What It Is Not
- Not a cash payment.
- Not a forgivable grant.
- Not a home modification or accessibility renovation fund.
- Not a guarantee of eligibility, approval, assistance, or a specific loan outcome.
A Home That Supports Everyday Life
Every household moves through a day differently. What matters is a layout, an entryway, and a floor plan that support how you actually live, not a one size fits all house.
Hero HomeReach exists to help Colorado buyers understand programs like CHFA HomeAccess, so a home that genuinely fits your life does not have to stay out of reach.
Common Questions
Is this a grant?
No. CHFA HomeAccess is not a grant or a cash payment. It is an optional, zero percent second mortgage that is generally repaid when the home is sold, the first mortgage is refinanced, or the property is no longer the borrower's primary residence.
What can the up to $25,000 assistance be used for?
Permitted purchase costs, which may include a down payment, closing costs, prepaid items, principal reduction, or a permanent interest rate buydown, depending on program and lender requirements.
Is there a monthly payment on the second mortgage?
No. CHFA HomeAccess is structured as a zero percent second mortgage with no monthly payments and no accrued interest.
When is the second mortgage repaid?
It is generally due when the home is sold, the first mortgage is refinanced, or the property is no longer the borrower's primary residence.
Do I have to be a first time homebuyer?
No. CHFA HomeAccess is not restricted to first time homebuyers, so repeat buyers may also be eligible depending on program and lender requirements.
Do I need to complete homebuyer education?
Yes. CHFA HomeAccess requires approved homebuyer education for borrowers and co-borrowers before closing, as part of the program's full set of requirements.
Does HomeAccess guarantee approval?
No. HomeAccess does not guarantee eligibility, approval, assistance, or a specific loan outcome. Program, lender, income, credit, property, and homebuyer education requirements apply.
Who confirms my final eligibility and loan terms?
A CHFA Participating Lender confirms final eligibility, loan terms, and program details. Hero HomeReach is an education resource, not a lender or loan provider.
Ready to see if a home that works for you is possible?
Not a lender. Not CHFA-affiliated. See our Privacy PolicyThis page is educational. Program terms depend on current CHFA rules and are confirmed by a CHFA Participating Lender, not by Hero HomeReach.