Get Started!

It takes less than 30 seconds to move toward homeownership. And it is free. Let us help you.



About the Program
The Home Down Payment Assistance Program (HDAP) is an affordable housing mortgage assistance program made available by the City of Pueblo’s Department of Housing and Citizen Services in conjunction with private lenders to help low- to moderate-income individuals and families purchase their first home.

Applicants can apply for Veterans Affairs (VA), Federal Housing Administration (FHA), Fannie Mae, or other conventional insured mortgages under any private lender program. The home, when assisted by HDAP funds, must meet minimum housing quality standards for health and safety as set by the U.S. Department of Housing and Urban Development (HUD). The borrower must qualify for a first mortgage through a private lending institution.

Qualifications & Eligibility Requirements
First-time homebuyers – individuals or families who have not owned a home during the three-year period before the purchase of a home through HDAP – may qualify for the program. To be eligible you must:

Be a first-time home-buyer
Have an income not exceeding the HUD area median income (see our Program Income Limits Table for more information)
Purchase a home with a sales price not to exceed the 203(b) FHA Single Family Mortgage Limits (use the FHA Mortgage Limits website to search for specific limits in your area)

Note: Properties must be located within the City of Pueblo or the Pueblo County limits and be designated for residential housing.

How the Program Works
Eligible borrowers will receive a deferred forgivable loan with a maximum amount of $5,000, only if needed. These funds can be applied toward the payment of usual and customary closing costs and/or matching up to 50% of the required down payment (this may vary depending on the type of mortgage you select). The borrower must occupy the home as their principal place of residence. Renting the property is not allowed.

The loan is deferred for a period of five years. After this five-year period, the loan is automatically forgiven as long as the homebuyer has met the requirements under the deed and promissory note. If the borrower sells or refinances the property during the five-year period, the loan shall be repaid in full.