Welcome to

Pikes Peak

Down Payment Assistance

Providing financial resources and connections to help you achieve your

dream of homeownership.

2022 Program Flyer

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Payoff Requests

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Forgivable DPA Loan:

  • 0% Interest
  • 30-year deferred Second Mortgage, due upon sale or refinance
  • 50% of the Second Mortgage Amount forgiven pro rata over the first five years (60 months) at 1/60th per month.
  • Remaining 50% of the Second Mortgage Amount will be forgiven at the end of the 30-year period/maturity date of the first mortgage.

Program Size: First & Second Mortgage funds currently are “Continuously Available”

The Program mortgage rates will change periodically to stay competitive with the market and generally are slightly above the market rate. Interest rates are subject to change at any time and will be confirmed by your lender at the time of loan reservation.

Eligible Loan Types: Eligible loans include Government loans (FHA, VA and USDA) and Freddie Mac-eligible Conventional loans. All Program First Mortgage loans are 30-year, fixed rate. No loans are available for manufactured housing, and refinance loans are not permitted.