Loan Application Process

Step 1 – Get Educated

All homebuyers receiving down payment assistance from the SCHA are required to complete a CHFA-approved homebuyer education class.  An unexpired class certificate that is valid at least through the anticipated closing date must be presented with the application.  For class options, please visit our Homebuyer Education page.

Step 2 – Talk to Your Lender

Not all lenders work with down payment assistance programs.  Be sure to talk to your lender to ensure they can work with the SCHA programs.  For a list of local lenders, see our local lender list.

Step 3 – Meet with the SCHA

All potential applicants are required to meet with the SCHA prior to submitting their application.  This meeting will allow us to review the criteria of our different loan programs to see which program you qualify for.  We will also review the guidelines for the loan program with you before you move forward with your application.  Please be prepared to bring your most current paystubs and tax returns so we can get a rough estimate of your income.

To schedule an appointment, please email Vickie at or call her at (970) 453-3552.

Step 4 – Apply

Once you know which program you qualify for, you will need to fill out the application and provide all required documentation.  Please be advised that we need to receive your completed application and all backup no later than 30 days prior to your closing to allow us adequate time to process and underwrite your loan!  Even though our down payment assistance loans are for a smaller dollar amount than your mortgage, we are subject to the same standards and regulations as your primary lender.  We will need to allow adequate time to process and underwrite your loan in accordance with these standards and regulations, as well as our program guidelines.  There is a lot of backup documentation required, so be sure to start gathering everything as early as possible.