Neighborhood home

H2O: House to Homeownership

Down payment assistance loan for up to $100,000 on market rate homes purchased in Boulder city limits.

H2O: House to Homeownership: Down Payment Assistance Loan

The shared appreciation loan program provides a second loan for up to $100,000 on market rate homes purchased in the city of Boulder. In support of the primary loan, this additional loan is intended to help buyers with limited assets close on the purchase of a home in Boulder. No payments are made on the loan for 15 years unless the home is sold or the title is transferred. When the loan comes due the full amount is due back along with a share of the appreciation. This loan can be used on market rate homes. It is not designed to be used with the city’s permanently affordable program.

Income and Asset Max

1 PERSON $105,360 $140,000
2 PEOPLE $120,480 $155,000
3 PEOPLE $135,480 $170,000
4 PEOPLE $150,480 $185,000
5 PEOPLE $162,600 $200,000
6 PEOPLE $174,600 $215,000
7 PEOPLE $186,600 $230,000
8 PEOPLE $198,720 $245,000

Income is based on gross income for standard employees and net income for self-employed people.

Exempt Retirement Assets

Retirement assets can be deducted based on this chart. Assets must be in a designated retirement account to be exempted.

Under 40 $30,000
40-55 $55,000
Over 55 $110,000

Other Program Requirements

  • Completion of city orientation and homebuyer education class
  • One member of the household must work 30 hours/week unless retired or disabled
  • Have a minimum of $2,000 toward down payment/closing costs (these costs will likely exceed $2,000)
  • Qualify for a first mortgage loan
  • Total debt to income ratio should not exceed 42 percent (learn more about debt to income ratios)
  • May not own another home at time of purchase
  • Home must be owner-occupied, rental restrictions apply
  • Number of bedrooms may only exceed number in household by one
  • Minimum work history of one year within the most recent 12 months
  • You must be a first-time home buyer, which is defined as not owning a home within the previous 3 years, unless divorced within that period.
  • You must work in the city of Boulder.
  • Funds are limited and available on a first-come, first-served basis.

Apply For Funds

Applicants that are only interested in this down payment program may contact the Impact Development Fund (IDF), the program administrator, directly. There is no need to complete the City of Boulder program application.

Impact Development Fund

Notice of Nondiscrimination