Home Buyers Assistance Program - City of Fort Collins

City of Fort Collins

Data Provided By
United Way of Larimer County 2-1-1 - UWLC
General Information
Description of ServiceProvides loans to income eligible households for down payments and closing costs in order to purchase a home within the Fort Collins' city limits.

Assistance can be up to 6% of the sales price, 5% of which can go to down payment assistance and %1 to closing costs, with a maximum of up to $15,000.

Applications accepted only through participating mortgage lenders, this list can be found on the website.

There are no payments and the loan does not come due until the house is sold, or deed is transferred to another name, or the house becomes rental property.
LocationLarimer County
Geographical AreaCity of Fort Collins
Facility/ADA AccessYes
Intake ProcedureCall a participating mortgage lender of choice, listed on the website.
Intake RequirementsApplication and documents as required by the specific lender.
Client Information
Eligibility- Buyers must have a household gross income meeting federal guidelines
- Buyers must also have sufficient income, meaning total housing expenses will not equal more than 38% of their gross income, and total household debt must not be more than 42% of gross income
- Buyers must not own or be listed on the title to any other property at time of application. There is a limit of $20,000 on buyer contributions or gift funds including earnest money without prior approval for special circumstances

- Buyer must make a deposit of $1,000 or 1% of purchase price (whichever is greater) with their own funds. This cannot be in the form of a promissory note
- Buyer must also attend a home ownership class (taking this class online is not allowed) prior to closing. See class info in the tan box to the left
- Buyer must use the house as their principal residence for as long as the loan is outstanding, or the loan becomes immediately due and payable. The property will be inspected by City staff for general livability. Any home built before 1978 must have an inspection attesting to its safety regarding lead-based paint.
Fees or Charges
Fee AmountsNone
Hours of Operation Monday - Friday, 8 a.m. - 4:30 p.m.
Contact Information
Contact's Name Beth Sowder
Contact's Position Director of Social Sustainability
Contact's Phone (970) 221-6595
Contact's Email bsowder@fcgov.com
Physical Site Address 1 222 LaPorte Ave
Physical Site City, State, Zip Fort Collins, CO 80521
Mailing Address 1 PO Box 580
Mailing City, State, Zip Fort Collins, CO 80522
Main Phone (970) 221-6812
Web Address https://www.fcgov.com/socialsustainability/hba.php
Additional Information
Affiliated Agency, Programs, and Services
Affiliated Agency: City of Fort Collins
Affiliated Program: City of Fort Collins
This Service: Home Buyers Assistance Program - City of Fort Collins
Taxonomy Postings
Posted to Categories: First Time Buyer Home Loans (BH-3500.3400-250)