Current down payment assistance guidelines, updated from one source.
These figures are read from Lendmire’s centralized down payment assistance standards source and update automatically when the programs change. Every state and city guide in this series reads the same source.
Of the purchase price
Measured on the purchase price or the appraised value, whichever is lower; the largest option covers the down payment and reaches closing costs, and the smaller options cover the 3.5% FHA minimum.
Covers the whole FHA down payment
The FHA minimum down payment is 3.5%, and this option covers all of it with nothing to pay back — no lien, no payment, no interest — for buyers at or below the area income limit or in a qualifying category.
On the forgivable and repayable options
The forgivable and repayable options have no income limit at all — one of the biggest advantages of this program. Only the nothing-to-repay option asks for income at or below 140% of the area median, or a qualifying category.
Credit score to start
This is the lowest score that opens an option here — the nothing-to-repay option; the forgivable second liens start a little higher and the repayable options higher still, so a stronger score opens more choices.
| Option | Assistance | What you repay | Credit · mortgage · units |
|---|---|---|---|
| Grant-style assistance — nothing to repay | 2% or 3.5% of the price | Nothing — released at closing | 620+ · FHA 203(b), FHA repair escrow, FHA Limited 203(k), FHA Standard 203(k) · 1–4 units |
| Forgivable second lien — three-year | 3.5% of the price | Nothing after 36 on-time mortgage payments | 640+ · FHA 203(b), FHA Limited 203(k), HUD-184, USDA · 1–2 units |
| Forgivable second lien — five-year | 3.5% of the price | Nothing after 60 on-time mortgage payments | 640+ · FHA 203(b), FHA Limited 203(k), HUD-184, USDA · 1–2 units |
| Repayable second lien — thirty-year amortization, ten-year balloon | 3.5% or 5% of the price | Second lien, 30-year amortization, balloon in year 10 | 660+ · FHA 203(b), FHA Limited 203(k), HUD-184, USDA · 1–2 units |
| Closing-cost repayable second lien | 3.5% or 5% of the price | Second lien, 30-year amortization, balloon in year 10 | 660+ · FHA 203(b) · 1–2 units |
| Refinance-cost second lien (repayable) | 1% to 3.5% of the balance | Second lien, repaid | 660+ · FHA 203(b) · 1–4 units |
Current down payment assistance snapshot · updated September 7, 2026 · six options offered in Colorado · no option requires a first-time buyer · no option combines with another assistance program · owner-occupied primary residences only.
This page describes down payment assistance at the program level. The option for any file comes from the credit tier, the first lien, the property, and the eligibility category; the first lien’s approval, the appraisal, and full underwriting decide the actual terms, subject to lender program eligibility. Nothing here is a quote, a fee, or a commitment to lend; the calculator’s rate is a market benchmark you can edit and its payment an estimate. Lendmire is never the lender and is not affiliated with FHA, USDA, HUD, or the federal government.
What down payment assistance is — and how the options differ.
The first-time home buyer programs work the same way in Broomfield, CO as anywhere in the footprint: a government first lien, an assistance option sized as a percentage of the price, and a set of rules about credit, units, and eligibility that decide which option fits.
For the program overview, see Lendmire’s down payment assistance program, or the statewide guide at Down Payment Assistance in Colorado.
Assistance covers the FHA down payment
In Broomfield, CO, the assistance attaches to the first lien at closing and covers the buyer’s required investment; on the larger option, what remains after the minimum investment goes toward closing costs.
Four shapes: grant, forgivable, repayable, refinance
The assistance comes as a grant where it is offered, as a forgivable second lien, or as a repayable second lien; each pairs with the first lien differently, and the options table on this page shows what is offered in Colorado.
Credit floors, mortgage programs, and unit counts
Credit decides which options are open; the first lien decides which options attach; the property’s unit count and type decide which option carries it. The options table shows all three side by side.
Eligibility without a first-time-buyer rule
In Broomfield, CO, the question is not whether this is a first home; it is which option fits the credit, the first lien, and the property — and, for the nothing-to-repay option, which qualifying category applies.
The assistance is measured on the price, so the calculator starts there. It then applies the option you choose, your own cash, and an editable benchmark rate to show the loan, the mortgage insurance, and the payment.
Where Broomfield’s first-time and moderate-income buyers shop — and how the assistance fits.
Census housing and income data describe who buys in Broomfield, CO and what it costs to get in; a lender reads those figures as context for the first lien, not as underwriting inputs.
Market context only. In most markets, the renter households are the pool the program exists for: qualified for a payment close to their rent, short the cash to close; the assistance is the bridge from one to the other.
Data sources: U.S. Census Bureau — ACS 5-Year (2024) housing and population estimates, including tenure, home values, gross rents, and household income.
Distinct Broomfield submarkets, distinct property rules.
A down payment assistance file in Broomfield reads differently by submarket — condominium approval, association packages, unit counts, and USDA eligibility all shift from one to the next.
Condominiums close to work
Buyers in Broomfield’s condominium buildings use the program to bridge the down payment, with the building’s approval status settled early so the closing is not held up. About 37% of Broomfield’s households rent — roughly 11,835 renter households, the pool the program exists for.
New construction and infill
Infill and new-build homes in Broomfield pair with the assistance as long as the property is the buyer’s primary residence and the first lien is a government program. On a home at Broomfield’s median value, the FHA minimum investment comes to about $23,300 — the figure the assistance is built to cover.
Older neighborhoods and renovation loans
In Broomfield’s established neighborhoods, a buyer can use the program with a limited or standard renovation loan, so the down payment help and the repair budget close together. The median owner-occupied home value in Broomfield runs near $664,500 on the latest Census estimate.
Two-to-four-unit homes, owner-occupied
A buyer who lives in one unit of a Broomfield duplex or triplex can use the program on the whole building; the option that allows up to four units makes a house-hacking purchase reachable with the minimum investment covered. Broomfield counts a population near 76K within the Denver-Aurora-Centennial, CO area.
Manufactured homes on owned land
Manufactured housing on owned land near Broomfield is eligible, with the option decided by the home’s width: the nothing-to-repay option accepts single-width homes, while the second-lien options accept double-width only. Median household income in Broomfield sits near $123,874 on the latest Census estimate.
Townhomes and attached homes
In Broomfield, a townhome in a planned development pairs cleanly with the program; the association’s rules and dues are read alongside the first lien, and the assistance covers the down payment. Median gross rent in Broomfield is about $2,126 a month — the payment many renters already carry.
Submarket descriptions are general market context; the first lien’s approval, the option’s rules, and full underwriting decide every figure in a file.
Four ways Broomfield buyers put down payment assistance to work.
How Broomfield buyers put the program to work depends on the first lien, the property, and what the help needs to cover; these four paths cover most files.
Buy a first home with the down payment covered
A Broomfield buyer with the income for the payment but not the cash to close uses the assistance to cover the FHA minimum investment, some with nothing to repay, and keeps savings for the move.
Cover closing costs too on the larger option
When the minimum investment is covered but closing costs and prepaids are the remaining hurdle, the larger repayable option in Broomfield, CO reaches both — the balance above the minimum investment goes toward the closing.
Buy a two-to-four-unit home and live in one unit
An owner-occupied duplex, triplex, or fourplex in Broomfield qualifies on the option that reaches four units; the buyer lives in one unit and the assistance covers the minimum investment on the whole building.
Cover the costs of an FHA refinance
The refinance-cost option in Broomfield, CO is for an existing FHA loan, not a streamline, and not a loan that already carries assistance; it is sized on the lesser of balance or value.
Size the assistance on a Broomfield price before requesting a quote.
The calculator does what a loan officer’s first pass does for a Broomfield file — sizes the minimum investment, applies the option, builds the FHA loan with mortgage insurance, and estimates the payment — using the current program figures and an editable benchmark rate.
Broomfield FHA payment with assistance
Starting assumptions reflect Broomfield’s home values; change any field and the loan, the mortgage insurance, and the payment are recalculated.
Editable benchmark: 6.71% as of September 3, 2026 · Freddie Mac 30-year average via FRED®. A conventional market reference, not an FHA loan quote.
Illustrative starting assumptions: a $600,000 price near Broomfield’s median owner-occupied home value (kept where an FHA first lien is realistic), the strongest assistance option offered in Colorado applied against the FHA minimum investment, a thirty-year term at the current Freddie Mac benchmark, property taxes and insurance estimated for Colorado (U.S. Census Bureau). Every field is editable.
Illustrative estimate only — not a Loan Estimate, approval, quote, or commitment to lend. The rate field carries the weekly Freddie Mac thirty-year conventional benchmark, a market reference and not an FHA loan quote; your rate is set by the lender at lock. FHA mortgage insurance follows HUD’s published schedule for the term, leverage and loan size entered; taxes, insurance and dues are editable estimates; closing costs are not included; a repayable second lien adds its own payment, which is not shown here. Consumer mortgage lending licensed in sixteen states. Lendmire is not affiliated with or acting on behalf of FHA, USDA, HUD, or the federal government.
Same buyer, four very different closings.
The right structure for a Broomfield, CO buyer depends on savings, credit, the first lien, and whether the help needs to reach closing costs.
Assistance on a government loan, saving the minimum, or a gift.
The structure for a Broomfield buyer who qualifies for the payment but not the cash to close — the help is sized on the price and the option decides what, if anything, is owed afterward.
For a Broomfield, CO buyer with the cash in hand, the plain FHA purchase is the cleaner file; the assistance exists for the buyer who does not have it yet. For the first lien itself, see Lendmire’s FHA loan program.
Where the property is USDA-eligible or the buyer qualifies for HUD-184, the second-lien options carry the Broomfield file, and the closing costs are what the assistance covers. For the USDA first lien, see the USDA loan program.
Choose by what you have: cash for the minimum investment, family who can gift it, a USDA-eligible property, or none of those — the assistance is for the last case, and the most common one.
What to prepare for a Broomfield scenario review.
What a down payment assistance review usually starts with.
This is a general preparation guide, not a universal checklist. The selected lender may request additional information based on the mortgage, the assistance option, the property, and the eligibility category. Nothing here is legal or tax advice.
Local details that can change the loan.
Beyond the credit tier and the first lien, a handful of details decide which option a Broomfield buyer can use — or whether the assistance attaches at all.
Use these checks to keep the Broomfield file clean and fundable.
Before making an offer on a Broomfield, CO home, confirm the option, the county loan limit, and the property’s unit count and type.
- Know the option: choose by cost to carry first, amount second.
- Confirm the category: remember that the second-lien options carry no income limit.
- Plan for the balloon: expect a monthly payment on the second lien.
The option decides what you owe afterward
The same minimum investment can be covered three ways in Broomfield, CO, and the difference is entirely in what happens after closing: nothing, nothing if the first lien stays current, or a second loan that comes due; the options table shows what is offered.
The eligibility category for the nothing-to-repay option
The nothing-to-repay option opens on any one of four categories — household income at or below the area limit, a community-service occupation, a first purchase, or a property in an underserved census tract — plus a homebuyer education course; the second-lien options need none of these.
The balloon on the repayable option
The repayable second lien amortizes over thirty years but comes due in the tenth year; it carries interest and a monthly payment, its own loan number, and a balloon disclosure. It is the option that reaches closing costs, and it is a loan.
The mortgage and the county loan limit
The nothing-to-repay option pairs only with FHA first liens, including the repair-escrow and renovation programs; the second-lien options pair with FHA, USDA, and HUD-184, and above the county loan limit only the repayable options carry the assistance.
The forgiveness clock on the forgivable options
A forgivable second lien is released after the on-time payment period on the first lien — three years on one option, five on the other — with no interest and no payment in between; a serious delinquency inside the period keeps the lien in place.
From a Broomfield pre-approval to keys with the assistance in place.
The process for a Broomfield, CO purchase with assistance is deliberate, because the details around the assistance are what stall closings.
Pick the option
Every Broomfield file starts with the option and the first lien; the category, the education course, and the property rules are then settled around them, in that order.
Get the mortgage approved
Lendmire packages the Broomfield file for the first lien first, because the assistance follows its approval; the option’s floor and the first lien’s rules both have to clear.
Clear the property
The property side of a Broomfield, CO file is where the option can change: unit count, project approval, and the loan limit are confirmed before the closing is scheduled.
Close both loans together
Final underwriting reads the whole Broomfield, CO file against the first lien’s rules and the option’s; the loan funds with the assistance in place and the second lien, where there is one, recorded behind it.
A brokerage that pairs the assistance to the loan.
An assistance file rewards preparation, and preparation is what a brokerage built for first-time and moderate-income buyers provides.
The option, matched to the buyer
The nothing-to-repay option where it fits, the forgivable options where it does not, the repayable option where closing costs are the hurdle — chosen for the Broomfield, CO buyer, not by default.
The mortgage, matched to the property
USDA where the address is eligible, HUD-184 where the buyer qualifies, FHA everywhere; the Broomfield, CO first lien is the foundation the assistance stands on.
The right wholesale program
A Broomfield file is matched to the wholesale program whose option fits the buyer, and Lendmire manages the first lien and the assistance together through closing.
Trusted by first-time buyers & families alike.
Broomfield down payment assistance FAQs
The questions a Broomfield, CO buyer asks before requesting an assistance review, answered plainly.
Do I have to be a first-time homebuyer?
No option requires it. A Broomfield buyer who has owned before qualifies for the second-lien options on credit, first lien, and property alone, and for the nothing-to-repay option through any of the other categories.
Is there an income limit?
Only on the nothing-to-repay option, and only when no other category applies: household income at or below the area median income limit, measured where the property sits. The forgivable and repayable second-lien options carry no income limit beyond the first lien’s own rules.
What first-time home buyer programs are available in Broomfield?
Four shapes paired with a government first lien: a nothing-to-repay option released at closing; forgivable second liens with no interest and no payment, released after an on-time payment period; a repayable second lien with a balloon that also reaches closing costs and prepaids; and a refinance-cost option for an existing FHA loan. The options table on this page shows what is offered in Colorado.
Do I have to pay the assistance back?
For a Broomfield buyer, the nothing-to-repay option where offered, otherwise a forgivable second lien; the options table on this page shows what each costs to carry.
What credit score do I need?
A Broomfield buyer’s credit tier decides which options are open — the options table on this page shows the floor for every option offered in Colorado.
What if my mortgage is above the county loan limit?
Above the county limit, the repayable options carry the assistance; below it, every option is available. The price and the limit are settled before the option is chosen.
What does Lendmire do on a Broomfield first-time home buyer file?
Reads the options offered in Colorado against the credit, the first lien, the property, and the category; chooses the wholesale program that carries the fit; packages the first lien and the assistance together; and manages both liens through closing. Lendmire is the broker, never the lender, and is not affiliated with FHA, USDA, HUD, or the federal government.
Which mortgages can the assistance be used with?
The nothing-to-repay option pairs only with FHA; the second-lien options pair with FHA, USDA, and HUD-184. The property and the buyer decide which first lien fits.
Is there an option for refinancing?
The refinance-cost option covers the costs of an FHA refinance with a repayable second lien, at its own credit floor and combined-leverage limit.
Can the assistance cover closing costs too?
The repayable options reach closing costs; the others stop at the down payment. A Broomfield buyer short on both uses the larger option.
Talk through a Broomfield assistance file before the contract is signed.
Start with the price, the first lien you expect, and your credit tier. No credit pull or commitment is required to request an initial scenario review.
This guide covers Broomfield — for the statewide options, categories, and property rules, see Down Payment Assistance in Colorado, part of Lendmire’s down payment assistance program.
Also in Colorado: Thornton · Boulder · Centennial · Colorado Springs · FHA Loans · USDA Loans