Destination Home Program
There's only one dream like owning a home. But the road there can be difficult. Our Destination Home Program offers a variety of loans to make that dream a reality, for all Coloradans.
Get StartedMake Home Ownership Possible for You and Your Loved Ones
The road to owning a home isn't always easy. That's why our Destination Home Program works to make it possible through flexible income and credit requirements, down payment assistance, lower mortgage insurance, and monthly payments that fit your budget.
HomeReady & HomePossible by Fannie Mae and Freddie Mac
Make your dream home a reality, even when conventional loans seem out of reach. Not all homes are the same, so why should your loan be? These products offer lower down payments and reduced mortgage insurance options, allowing your loan to fit your budget.
Get StartedColorado Housing and Finance Authority (CHFA)
Bank of Colorado has partnered with CHFA to offer fixed-rate loans with Down Payment Assistance (DPA) Grants and DPA second Mortgages for down payment assistance and/or closing cost assistance.
Get StartedFederal Home Loan Bank Down Payment Assistance Programs
Bank of Colorado has partnered with Federal Home Loan Bank to offer three great programs, one goal in mind: provide down payment and closing costs depending on your specific financial situation and home you're looking to buy.
Get StartedLearn More About the Federal Home Loan Bank Programs
- The Homeownership Set-aside Program (HSP): offers a forgivable grant after a five-year retention period for first-time homebuyers earning at or below 80% of AMI(Area Median Income).
- The Homeownership Set-aside Program Plus (HSP+): expands support for first-time homebuyers in High-Cost Areas and non-metropolitan Difficult Development Areas, with essential down payment, closing cost, and repair assistance for households earning at or below 80% AMI.
- Homeownership Possibilities Expanded (HOPE): HOPE is a bridge to homeownership for non-first-time buyers who are slightly above typical aid thresholds at or below 150% of AMI (Area Median Income).
Explore Other Personalized Products for Homeownership
When it comes to owning a home, there’s no one-size-fits-all solution to getting there. That’s why our Destination Home program offers a variety of products, services, and loans designed to fit your personal needs.
- FHA: Offering low down payments, lenient credit requirements, and support every step of the way. Discover how easy securing your first home can be!
- VA Home Loans: Honoring service members with exceptional service. Exclusively for veterans and military families, this program offers exceptional benefits like zero down payment requirements. Get the home you've earned with a loan that honors your service.
- USDA Rural Development: With no down payment required and favorable terms, this is the perfect program for those looking to plant their roots in qualifying rural communities.
Contact us today to learn more about homeownership.