$25000

Your Path to Homeownership Starts Here

Get up to $25,000 in Down Payment Assistance and lock in a 30-year fixed mortgage with CHFA-approved lenders.

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It takes less than 60 seconds

Own your Colorado Dream Home for as Low as $3000!

Welcome to High Country Haven

Your own personal haven in the mountains is just a click away. You have the option of living in a home that brings your vision to life.

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It takes less than 60 seconds

Create Your Dreamhouse

If you prequalify before the house is built you can select your exterior AND interior colors.
PLUS - customize your home's cabinetry and lighting design!
Take advantage of being a homeowner and make the changes and improvements to your property that make it YOURS. You can add a garage or ADU and increase the value on the property.

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Haven Models

Haven 1

Haven 1 is a two-story home with a welcoming front porch and incredible views.

1,257 square feet
Two Bedroom
Two Bathroom
Laundry Room
Open Concept

The main floor provides a spacious living, dining, and kitchen area with a separate laundry room towards the back of the house. The upstairs bedrooms provide an unparalleled view of rolling mountains and downtown Cripple Creek out of every window.

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Haven 2

Haven 2 is a two-story home with an upstairs balcony extending off of the master bedroom.

1,257 square feet
Two Bedroom
Two Bathroom
Laundry Room
Open Concept

The main living area provides a spacious, open concept living, dining, and kitchen area. Enjoy incredible views from your front porch or the master bedroom balcony. Both the master bedroom and second bedroom are spacious and have unobstructed views of rolling mountains and downtown Cripple Creek.

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Haven 3

Haven 3 is a one-story home, with the option of two different front porch styles.

1,212 square feet
Three Bedroom
Two Bathroom
Laundry Room
Open Concept

The front porch provides an incredible view of rolling mountains. Through the front door, you are welcomed into an open concept living, dining, and kitchen area that makes this home feel massive. Large windows allow light to stream into the home, making it feel even larger and cozy. The master bedroom has an on-suite without sacrificing any space.

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How It Works

Check your eligibility, connect with a CHFA-approved lender, and get the keys to your new home with the support and funding you need.

Check Your Eligibility

Exceed HUD's income limit

Connect with a CHFA-Approved Lender

Get personalized loan options.

Get the Keys to Your New Home

With the support and funding you need

Teller County, CO – HUD AMI Income Limits (2025)

Here is a clear chart showing HUD income limits for Teller County, CO (FY 2025) at 50% AMI and 80% AMI for households of 1 to 4 people — along with their corresponding affordable housing limits (30% of monthly income): Same for CHFA Income limits for 2 or 4 people.

EXHIBIT D
RENT & INCOME LIMITS*
COLORADO DIVISION OF HOUSING
Project # 34-466 AHOP High Country Haven
CMS #200671
2025 INCOME LIMITS
County	AMI	1 PERSON	2 PERSON	3 PERSON	4 PERSON	5 PERSON	6 PERSON
TELLER	100%	$72,100	$82,400	$92,700	$103,000	$111,300	$119,400
Cap on Wages	30% of Wages	$1,802.50	$2,060.00	$2,317.50	$2,575.00	$2,782.50	$2,985.00
Int 6.875%	PITI - Home & est.	$1,809.96	$2,055.88	$2,257.96	$2,376.00	$2,376.00	$2,376.00
	Appraised 2024	$386,000.00	Capped Sale Price / DOH		$366,700.00	95% of median purchase price
	Sale Price	Doesn’t Qualify	$350,000.00	$350,000.00	$366,700.00	$366,700.00	$366,700.00
	Gifted Land Cost	$13,732.00	$13,732.00	$13,732.00	$13,732.00	$13,732.00	$13,732.00
	DPA	$50,000.00	$50,000.00	$30,000.00	$30,000.00	$30,000.00	$30,000.00
		$241,268.00	$286,268.00	$306,268.00	$322,968.00	$322,968.00	$322,968.00
	43% of Wages	$2,583.58	$2,952.67	$3,321.75	$3,690.83	$3,988.25	$4,278.50
	Allowable Debt	$781.08	$892.67	$1,004.25	$1,115.83	$1,205.75	$1,293.50

Disclaimer:

This is only an example of how funding could work and not a commitment of any kind.

Variables are: # of people in the home, interest rates, DPA cash available, and actual gross income and debt.

Market rate could change and Income Limits change annually.

How 30% Calculation Works:

HUD defines affordable housing as costing no more than

30% of a household's gross income.

HUD defines affordable housing as costing no more than

At 50% AMI: $41,200 annual income + 12 months = $3,433/month 30% * $3,433 = $1,030/month

Depending on the Funding Source these Numbers change slightly

Teller County Deed‑Restricted

Affordable Housing

A compelling reason for a buyer to want a deed-restricted home, particularly one associated with Elevation Community Land Trust (ECLT), is the opportunity to achieve permanently affordable homeownership that might otherwise be out of reach.

Here's why this model is compelling for buyers:

Reduced Initial Purchase Price:

In the ECLT model, the homeowner owns the house and other improvements, but the land beneath the home is owned by ECLT and leased to the homeowner. This separation of land and home ownership significantly reduces the initial purchase price for the homebuyer, making homeownership accessible to low- and moderate-income individuals.

Financial Assistance and Lower Monthly Costs:

ECLT offers programs like the Housing Assistance Program (HAP) and Doors to Opportunity, which provide down payment assistance that can be used for principal reduction, closing costs, or permanent interest rate buydowns, further lowering the financial barrier to entry and potentially reducing monthly housing payments.
The monthly Lease Fee paid for the land use is determined to be affordable for the homeowner, and ECLT may even reduce or suspend this fee to improve affordability of monthly housing costs.
For ECLT homes, the HAP investment is considered an investment in the property, not a traditional loan, and the subsidy stays with the home at resale, revolving to the new qualified buyer. This means the initial buyer benefits from the subsidy directly reducing their purchase cost.

Long-Term Affordability Preservation:

The land lease includes resale restrictions designed to preserve the home's affordability for future income-qualified households. While this means the homeowner's appreciation is limited (e.g., to 25% of the increase in appraised leasehold value under the formula price), it ensures that the home remains a part of a pool of affordable housing, fulfilling ECLT's charitable mission and ensuring the availability of such opportunities for others in the long term. This shared goal is explicitly recognized and accepted by the homeowner when entering the lease.

Support and Guidance Through the Process:

ECLT provides a structured application process, including mandatory orientation sessions to explain the unique nature of a land lease transaction, homebuyer training, and support in obtaining mortgage financing from approved lenders. Buyers also receive a detailed, independent pro-bono attorney review of the Land Lease prior to closing.

Generate Generational Wealth:

As an owner of High Country Haven you have the ability to increase the value of your home. Any improvements you make to the home are investments you see a return of investment on. This includes:

An Additional Dwelling Unit (ADU) for a rental. Various programs exist to help subsidize.
A garage - We will work with you to build a garage to match the aesthetic of your home.
A car port.

Support and Guidance Through the Process:

By participating in ECLT's programs, homebuyers become part of a system designed to create stable and permanently affordable homeownership opportunities for low-to-moderate-income residents, contributing to a broader community goal.

Learn how to ask the

Right Questions :

2025 Affordable chart for CHFA

What loan options are there with CHFA?

CHFA is not the only source so contact us for more options.

How does DPA Down Payment Assistance Work?

Hero Benefits

Must be owner occupied 9 months of the year.
Must agree to deed restrictions.
Qualifying based on income, debt, and number of people living in the home.
Do you have at least $3,000 saved up?
If you have not owned a home in the last 3 years, you could qualify as a first time home buyer.
Downpayment assistance available.

Quick Eligibility Snapshot

Credit Score

Have a mid-credit score of 620 or higher (based on program requirements)

Income

Total borrower(s) income must not exceed CHFA’s income limits

CHFA Approved

All borrowers must attend a CHFA-approved homebuyer education class

Invest

Make a minimum required investment of $1,000 toward the purchase of the home

Don’t Miss Out on

Your Opportunity

Get the support you need to buy a

home in Colorado.

See If You Qualify →

Don’t Miss Out on

Your Opportunity

Get the support you need to buy a home in Colorado.

About CHFA Programs

Through our statewide network of participating lenders, CHFA offers affordable mortgages, down payment assistance, and the guidance you need to make homeownership possible. Whether you need a grant or a low-interest second mortgage, we’re here to help.

Affordable Mortgages

Through its statewide network, CHFA provides you with budget-friendly mortgage options, making homeownership more accessible.

Down Payment Assistance

Need help with the initial payment? CHFA reduces your financial burden through grants or low-interest loans.

Expert Guidance

In your homeownership journey, you receive guidance at every step—from choosing the right loan to completing the process.

High Country Haven

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High Country Haven

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What Our Happy Clients Say

I never thought I could own a home so soon, but CHFA’s down payment grant made it possible. The process was straightforward, and my lender guided me every step of the way. Within a month, I had the keys to my new place — and I didn’t have to repay the grant!

Darcel Ballentine

Barone LLC.

Being the first in my family to buy a home was exciting but also intimidating. The CHFA program took so much pressure off — they helped cover a big chunk of my closing costs with their second mortgage, and I don’t have to worry about paying it back until way down the road. The homebuyer class even made the mortgage stuff make sense. I’m so grateful!

Darcel Ballentine

Barone LLC.

What Our Happy Clients Say

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Darcel Ballentine

Barone LLC.

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Leatrice Handler

Acme Co.

Check If You Qualify

Find out if you’re eligible for our programs in just a few simple steps.

Answer a few questions and see your options for affordable mortgages, down payment assistance, and more.

Frequently Asked Question

Does CHFA help with the down payment?

Yes. CHFA offers two Down Payment Assistance options:

Grant – Up to the lesser of $25,000 or 3% of your first mortgage; no repayment required.

Second Mortgage Loan – Up to the lesser of $25,000 or 4% of your first mortgage; repayment is deferred until the loan is paid off, the home is sold/refinanced, or it’s no longer your primary residence

Can I use CHFA if I’m not a first-time homebuyer?

Yes. CHFA programs are available to both first-time and repeat buyers, as long as you meet the program’s requirements.

Are there income and rent limits for CHFA-supported properties?

Yes. CHFA sets maximum household income and rent limits each year, based on the Area Median Income (AMI) for each county in Colorado. These limits vary by county, household size, and property type.

Is homebuyer education required?

Yes. All borrowers must complete a CHFA-approved homebuyer education course, which is offered online and in person, before closing on their loan.

Can CHFA programs be combined with other assistance?

Often, yes. Many borrowers can layer CHFA’s assistance with other local, state, or federal programs, but eligibility rules vary. Your CHFA Participating Lender can confirm what combinations are allowed.