Pikes Peak Down Payment Assistance (PPDPA)

• Maximum income is $174,440 for government loan products and $90,720 for Freddie Mac loan products.
• Maximum debt-to-income ratio is 45% for homebuyers with a credit score of 640+ or 50% for homebuyers with a credit score of 680+.
• There is no maximum purchase price.
• Home must be located in El Paso County, Colorado, including the City of Colorado Springs.
• There is no first time homebuyer requirement.
• All homebuyers are encouraged to receive homebuyer education; however, first-time homebuyers utilizing Freddie Mac HFA Advantage conventional loans will be required to complete homebuyer education.

We are joining forces with first responders and other heroes in our community!

Whether you are a teacher, firefighter, law enforcement officer, active military, veteran, or healthcare worker, the El Paso County Housing Authority deeply appreciates your daily commitment to our community. As part of our mission, and as a thank you for your service, we are offering an additional 1% grant for the first 75 loans to close.

Visit PikesPeakDPA.com for more information.

• 0% Interest
• 30-year deferred second mortgage, due on sale or refinance
• 50% of the second mortgage amount is forgiven pro rata over the first five years (60 months) at 1/60th per month
• Remaining 50% of the second mortgage amount will be forgiven at the end of the 30-year period/maturity date of the first mortgage

First and second mortgage funds are continuously available until further notice.

The program mortgage rates change daily to stay competitive with the market and generally are slightly above the market rate. Interest rates are subject to change at any time and will be confirmed by your lender at the time of loan reservation.

Eligible loans include government loans (FHA, VA, and USDA) and Freddie Mac-eligible conventional loans. All program first mortgage loans are 30-year, fixed rate. Refinance loans are not permitted.