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Grand County Housing Authority


Grand County Housing Authority now offers a down payment assistance program for Grand County residents using funds from various governmental and private entities. Low and moderate income home buyers may apply for down payment and closing costs as necessary to obtain home ownership. Down Payment Assistance funds are loaned to the home buyer as a low interest mortgage behind the first mortgage.

How do I qualify?
1. This program is not limited to 1st time homebuyers or low-income households.

2. Applicants must first pre-qualify for a first mortgage at a lending institution. The income used to pre-qualify for the first mortgage is also the income that will be used to qualify for the down payment assistance loan.

3. Applicant must have greater of $1,000 or 1% of the purchase price of the home of his/her own money to use toward the down payment.

4. The home must be the Borrower’s primary residence for the duration of the loan; it may not be used as a rental property.

5. Applicants must work a minimum of 32 hours per week or 1600 hours per year in Grand County as an employee or as a sole proprietor who is actively involved in his/her own business.

6. Applicants may NOT own real estate, unless it will be used for building a home with funds being requested through loan.

7. Applicants must complete the Grand County Home Buyers Education Workshop prior to closing date.

8. The program has income limits. Contact us to see if you quailify.

9. Salaries and other sources of income (i.e. disability payments, SSI, etc.) from all persons living in the home are used to compute the household income, as defined in HUD 24CFR, sec. 5.609, Annual income.

10. The program has asset limits. Contact us for details.

11. GCHA, its board and its funding partners reserve the right to review each case based on extenuating circumstances.

For complete details contact:

Grand County Housing Authority
P.O. Box 264

308 Byers (Grand County Court House)

Hot Sulphur Springs, CO 80451

Call (970) 725-3071


Down Payment Assistance Application

We wish to acknowledge our funding Partners and Supporters;

Colorado Mountain Housing Coalition, Inc.

Colorado Association of Realtors Housing Opportunity Foundation (CARHOF)

Colorado Division of Housing

Town of Granby

Town of Grand Lake

Funding Partners for Housing Solutions

Fraser Valley Foundation, Inc.

Grand County Housing Authority is an Equal Opportunity Lender