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metroDPA Down Payment Assistance Program

What is metroDPA?

metroDPA is a down payment assistance* program for low and moderate-income individuals and families located around the Front Range area in Colorado.

They offer up to 6% of the loan amount to Colorado home buyers to put towards their down payment and closing costs.

 

metro-dpa-down-payment-assistance

 

 

 

Advantages of metroDPA

  • Up to 6% assistance as a 3-year forgivable, 2nd lien
  • Great low rates
  • Household income limit of $150,000
  • Government and Conventional, 30-year fixed rate loans
  • USDA assistance is in the form of a grant
  • No first-time homebuyer requirement
  • Large program area (List of eligible areas below)

General metroDPA Program Requirements

  • FHA, VA, USDA, and Conventional home loans
  • Qualified borrowers with a credit score above 640 (down to 620 in some cases)
  • Homebuyer education course required - HUD-approved or CHFA
  • Must be the principal residence
  • No purchase price limits (set by Agency guidelines)
  • Buying a home in an approved area

 

Eligible metroDPA Areas

Mortgage loans can only be made within the City and County of Denver and within the incorporated areas of Cities & Towns or the unincorporated areas of participating Counties (listed below):

 

metroDPA Approved Cities and Towns:

Arvada, Ault, Aurora, Bennett, Berthoud, Boulder, Brighton, Broomfield, Castle Rock, Centennial, Commerce City, Dacono, Deer Trail, Denver, Edgewater, Elizabeth, Englewood, Erie, Evans, Federal Heights, Firestone, Fort Collins, Frederick, Golden, Greeley, Johnstown, Keenesburg, Lakewood, Littleton, Lochbuie, Lone Tree, Longmont, Loveland, Mead, Northglenn, Parker, Platteville, Sheridan, Superior, Thornton, Timnath, Wellington, Westminster, Wheat Ridge, Windsor

 

metroDPA Approved Counties:

Adams County, Arapahoe County, Boulder County, Broomfield County, Denver County, Douglas County, Elbert County, Jefferson County, Larimer County

 

metroDPA Approved Unincorporated Counties:

Acequia, Acres Green, Adams City, Allenspark, Altona, Applewood, Aspen Park, Bark Ranch, Bellvue, Bergen Park, Bonanza Mountain Estates, Buckeye, Buffalo Creek, Byers, Campion, Canfield, Caribou, Castle Pines Village, Cherokee Park, Coal Creek Canyon, Columbine, Conifer, Crisman, Deckers, Drake, Dupont, Eastlake, Eldora, Eldorado Springs, Evergreen, Foxton, Franktown, Genesee, Glen Echo, Glen Haven, Glendale (Boulder), Glendevey, Gold Hill, Gooding, Grandview Estates, Greenland, Gunbarrel, Henderson, Hidden Lake, Highlands Ranch, Hygiene, Idledale, Indian Hills, Kelim, Ken Caryl Ranch, Kinikinik, Kittredge, Laporte, Lazy Acres, Leyden, Leyner, Liggett, Livermore, Louviers, Marshall, Masonville, Meridian, Meridian Village, Mountain Meadows, Niwot, Paragon Estates, Perry Park, Pine, Pine Brook Hill, Pinecliffe, Plastic, Red Feather Lakes, Roxborough Park, Rustic, Sedalia, Seven Hills, Shaffer's Crossing, Sierra Ridge, St. Ann Highlands, Stepping Stone, Sterling Ranch, Stonegate, Strasburg, Sugarloaf, Sunshine, Tall Timber, Ted's Place, The Pinery, Valmont, Watkins, Waverly, Westcreek, Wondervu

 

Security First Financial, a Division of PRMI, is an approved metroDPA Lender

 

*First lien interest rates may be higher when using a DPA second. Closing costs and fees may still apply.
  

metroDPA Social Equity Program

The metroDPA Social Equity Program offers potential homeowners $15,000 or $25,000 based on their income level and approval by the Department of Housing Stability.* The program that aims to increase homeownership in communities of color, and targets people who lived in or are descendants of families that lived in Denver’s redlined neighborhoods from 1938-2000.

metroDPA Social Equity Program Eligibility

  • Family makes up to $176,700/year
  • Minimum credit score of 640
  • Up to 5% in down payment assistance with no interest*
  • Forgivable loan - don't have to pay back in the homeowner stays in the home for more than 3 years

Applicants must do the following to use the metroDPA Social Equity program:

  • Find the location on the redlined mapping tool to identify it as an eligible property;
  • Complete a form and provide the necessary documentation to prove eligibility
  • If eligible, an approval # will be emailed to you
  • Meet credit and income qualifications to qualify for a metroDPA home loan
  • Income level determines the amount of assistance

The metroDPA Social Equity Qualifying Areas Map is available to confirm eligibility...

 

Click Here To Check Eligibility

 

Please contact us to request more information or to verify your eligibility.

*First lien interest rates may be higher when using a DPA second.

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A series of modern houses and apartment buildings on a suburban street in Denver, Colorado.

Customer Reviews

Overall Rating:

1564 Review(s)
4.82
Heather
February 8, 2025
This was my first purchase and I was quite nervous about it. However, the team communicated exceptionally well and made the experience truly enjoyable. I am very thankful!
Francine
February 7, 2025
Always there to answer questions and help with electronic problems..as thl at is my weakness
Logan
February 5, 2025
He was a pleasure to work with and made things clear from start to start for finish. He was also very communicative and quickly responded to all of our questions. Nick's warm personality helped everything go well.
Rochelle
February 1, 2025
Working with Nick Barta was a blessing! He and his team were able to answer all my questions. He took his time to answer and plainly explain every single concern. He is truly a homebuyers dream when looking for a lender who cares.
Response to Rochelle: Thank you Rochelle for your kind words. It was our pleasure working with you. I hope you enjoy your new home.
Tawanna
January 28, 2025
We was so excited that he was able to help my family get our first
Response to Tawanna: Thank you Tawanna. We appreciate you letting us tag along on your home buying journey. Congratulations!!