How much do I need for a down payment in Denver?

Less than most people think. Minimum down payments by loan type: FHA = 3.5% (580+ credit score); conventional = 3% for first-time buyers, 5% otherwise; VA = 0% for eligible veterans and active military; USDA = 0% for qualifying rural/semi-rural properties.

On a $500,000 home: 3% is $15,000, 3.5% is $17,500, 20% is $100,000. Colorado’s CHFA programs offer up to $25,000 in down payment assistance — some as outright grants that never need to be repaid. MetroDPA offers up to 5% of the loan amount as a 3-year forgivable second mortgage at 0% interest. Between CHFA and MetroDPA, qualifying buyers can stack $40,000-$50,000 in assistance. Full breakdown of Colorado down payment assistance programs.