Colorado Low Down Payment Programs 2025
Low down payment mortgage programs help buyers get into a home with as little as 0% to 3.5% down. This guide explains options based on credit score, income limits, and buyer status. Explore FHA, VA, USDA, and Conventional loans to find the right path to homeownership
Matt WentzMay 12, 2025
Comprehensive Guide to Low Down Payment Programs
This blog post is a complete guide to low down payment programs.
If you're looking for information on down payment assistance programs, be sure to check out our separate guide here https://speakstraightmortgage.com/post/Downpaymentassistance
Why Choose a Low Down Payment Program?
Flexibility: Fewer restrictions and often easier to qualify.
Speed: Potentially faster approval process.
Control: Avoid conditions tied to assistance programs.
Loan Types and Requirements
Explore loan options based on your credit score, down payment, and more:
| Credit Score | Loan Type | Minimum Down Payment | Income Restriction | First-Time Buyer Requirement | Special Notes |
|---|---|---|---|---|---|
| 500+ | FHA | 10% | No | No | |
| 500+ | VA | 0% | No | No | |
| 580+ | FHA | $100 | No | No | Must be used on HUD homes |
| 580+ | FHA | 3.5% | No | No | |
| 580+ | VA | 0% | No | No | |
| 620+ | FHA | 3.5% | No | No | |
| 620+ | VA | 0% | No | No | |
| 620+ | USDA | 0% | Yes* | No | Restricted to eligible areas** |
| 680+ | FHA | 3.5% | No | No | |
| 680+ | VA | 0% | No | No | |
| 680+ | USDA | 0% | Yes* | No | Restricted to eligible areas** |
| 680+ | Home Ready Conventional* | 3% | Yes (80% AMI)*** | No | Improved pricing |
| 680+ | Home Possible Conventional* | 3% | Yes (80% AMI)*** | No | Improved pricing, $1250 grant |
| 680+ | Standard Conventional* | 3%** | No | Yes | 5% if owned in last 3 years |
Key Notes
* Conventional loans may be approved under 680 credit score but usually require more down.
** 3% down applies to first-time buyers. 5% for others.
*** Income and property eligibility apply. Contact us for more details.
Gain Clairty
Find out what these programs look like for you https://speakstraightmortgage.com/gain-clarity
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