The El Paso County, Colorado “Turnkey Plus” Mortgage Program provides a partially forgivable Down Payment Assistance (DPA) loan to individuals and families who want to purchase a home anywhere in El Paso County, including the City of Colorado Springs. Qualified homebuyers may receive up to a 4% or 5% in DPA in the form of a soft Second Mortgage loan at 0% Interest, which is only due upon pay-off of the First Mortgage. The El Paso County Housing Authority, as Program Sponsor, rolled out the “Turnkey Plus” Mortgage Origination Program on February 15, 2019.
To utilize the Turnkey Plus Program, check to see if you are eligible for the program with the information provided below. Then contact a loan officer at one of our participating lenders from the “Which Lender Can I Use?” tab below. They will guide you through the process of accessing DPA funds from El Paso County.