$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.
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.
It takes less than 60 seconds
Beautiful custom homes available with only $1000 down and up to 50,000 in down payment assistance.
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.
Haven Models
203 W. Womack
Haven 3 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.
207 W. Womack
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.
201 W. Womack
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.
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)
This chart shows the 2025 income limits for Teller County based on household size, along with what people at those income levels can realistically afford. It walks through everything—from total income, to a safe monthly housing payment (about 30% of income), to estimated loan payments, and finally the maximum home price someone could qualify for. It also factors in things like gifted land and down payment assistance to show how buyers can bridge the gap.
How to Read This Chart
Start by finding your household size across the top (1 person, 2 person, etc.). Then work your way down the column:
Top row (100% AMI) → This is the maximum income allowed for that household size.
Cap on Wages (30%) → This shows what’s considered an affordable monthly housing payment.
Interest / PITI row → Converts that monthly payment into a realistic mortgage payment based on current rates.
Sale Price → This is the estimated home price someone at that income level can afford.
Adjustments (Gifted Land + DPA) → These reduce the actual amount the buyer needs to finance.
Bottom numbers → Show how much income can stretch further (up to ~43%) and what additional debt capacity may exist.
In short: each column tells the full story for one household size—from income → to monthly budget → to actual home price they can buy.
| 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
Why Deed-Restricted Affordable Housing Could Be Right For You
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:
You pay less upfront
With this model, you buy the house—but not the land under it. The land is owned by ECLT and leased to you.
That one change alone can drop the price quite a bit, making it possible for more people to actually afford a home.
Lower monthly costs + real financial help
ECLT offers programs that can help with your down payment, closing costs, or even lowering your interest rate. That means less cash needed to get in—and potentially lower monthly payments.
On top of that, the monthly land lease fee is kept affordable. In some cases, it can even be reduced or paused if needed.
And here’s the key difference:
This assistance isn’t a typical loan you have to pay back. It stays with the home, so it helps you now—and helps the next buyer later too.
Keeps homes affordable long-term (by design)
There are some limits on how much profit you can make when you sell—so this isn’t a “flip it and cash out big” situation.
But in exchange, you get something important:
A lower purchase price going in
A stable, predictable path when you sell
And you’re helping keep housing affordable for the next buyer too
You still build equity—you just share part of the upside to keep the system working.
You’re not on your own
ECLT walks you through the whole process:
Orientation sessions so you understand how it all works
Homebuyer education
Help connecting with approved lenders
A free attorney review of the land lease before you sign
No surprises.
You can still build real value
This isn’t “just a starter home”—you can improve it and benefit from those upgrades.
Examples:
Add an ADU (rental unit) and generate income
Build a garage or carport
Upgrade the home over time
Those improvements are yours—you get the return on them.
You’re part of something bigger
This program isn’t just about buying a home—it’s about creating stable, long-term affordable housing in the community.
You get a home you can afford, and at the same time, you help keep that opportunity available for the next person too.
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
You need to actually live in the home — at least 9 months out of the year
You’ll agree to some program rules (they’re there to keep homes affordable long-term)
You qualify based on your income, debt, and how many people are in your household
Plan to have about $3,000 saved up
You can qualify if you haven’t owned a home in the last 3 years
You could get up to $50,000 to help with your down payment*
You’ll get FREE high-speed internet for a year (about a $780 value, thanks to Teller Wifi)
You might be able to get in with as little as $1,000 down*
One year free high speed internet courtesy of Teller Fiber, $780 Value
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.
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
Drone Footage
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.
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For More Information:
Copyright 2025, All rights reserved | In partnership with Gold Camp Housing Partners
Need Any Consultations Contact With Us
Copyright 2025, All rights reserved | In partnership with Gold Camp Housing Partners
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