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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.

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

Customer Reviews

Overall Rating:

1465 Review(s)
4.81
Natasha K February 19, 2024
Nick Barta and his team were so fast with the entire process! They were available anytime I had a question!
Reply from The Nick Barta Team | Division President | Security First Financial: Congratulations Natasha! So happy that we were able to part of your home buying journey. We wish the absolute best going forward. Let us know if there is anything we can help with down the road.
Jasmine M February 7, 2024
Wow! Where do I start first and foremost this is one of the kindest most empathetic most understanding men that I have ever had the pleasure of working with. He one Hundred percent went out of his way and above and beyond to help me and my family get a home. Odds were against me. He used his knowledge his experience, his time and diligence to help me get through any snag that came up along the way in my homebuying process. I could not imagine having to go through what I went through during our purchase without Nick Barta by my side, there were moments where I was emotional and I was crying and he took the time to listen to me, uplift me and go above, and beyond what any loan officer should do. Nick is someone that truly cares and is invested in your future. I will never go through anybody else again whether it is refinancing or buying a new home after we have purchased this current home whatever the case may be, I will always call Nick Barta. Be it for my friends or my family or my children as they get older, I had the most wonderful experience with him, and I am so very grateful for all of his hard work. If it were not for him, I would not have my home so thank you so much. If you are looking for a company that will work for you not against you that will work to make sure that you feel good throughout the whole process. I recommend you call Nick Barta.
Jasmine T February 7, 2024
Wow! Where do I start first and foremost this is one of the kindest most empathetic most understanding men that I have ever had the pleasure of working with. He one Hundred percent went out of his way and above and beyond to help me and my family get a home. Odds were against me. He used his knowledge his experience, his time and diligence to help me get through any snag that came up along the way in my homebuying process. I could not imagine having to go through what I went through during our purchase without Nick Barta by my side, there were moments where I was emotional and I was crying and he took the time to listen to me, uplift me and go above, and beyond what any loan officer should do. Nick is someone that truly cares and is invested in your future. I will never go through anybody else again whether it is refinancing or buying a new home after we have purchased this current home whatever the case may be, I will always call Nick Barta. Be it for my friends or my family or my children as they get older, I had the most wonderful experience with him, and I am so very grateful for all of his hard work. If it were not for him, I would not have my home so thank you so much. If you are looking for a company that will work for you not against you that will work to make sure that you feel good throughout the whole process. I recommend you call Nick Barta.
Reply from The Nick Barta Team | Division President | Security First Financial: Thank you Jasmine. It was quite a journey. Thank you for hanging in there. I appreciate you kind words. My motivation in my career is helping deserving people get into homes. I hope you and your family are happy in your new home for many years to come.
Gale T February 6, 2024
It was a rough start but you and your team made it all happen for us! And didn’t disappoint, Thank you for all you did to help me and Anthony to achieve our dreams!! 😋
Reply from The Nick Barta Team | Division President | Security First Financial: Thank you Gale. It was a journey. Thank you for hanging in there and enjoy your new home.
Darin Alan G February 5, 2024
Nick was quick, very prompt, and very informative thanks for your help
Reply from The Nick Barta Team | Division President | Security First Financial: Thanks so much for your great review. We appreciate your trust in us.