CHFA Loans in Broomfield and Centennial Colorado: What Local Buyers Need to Know
Broomfield and Centennial are two of the Denver metro's most popular suburbs for buyers who want good schools, strong job access, and neighborhoods that feel established without being Denver prices. Both cities have active first-time buyer markets, and CHFA programs are available in both for buyers who qualify.
Broomfield: The Denver-Boulder Tech Corridor
Broomfield is a unique Colorado city-county sitting at the midpoint between Denver and Boulder. It is home to a significant number of corporate campuses including Oracle, DISH Network, and Ball Aerospace, which means a lot of tech workers, engineers, and professionals are buying here. Median home prices in Broomfield are around $550,000 to $600,000, which is higher than many surrounding suburbs but still reachable with the right loan program.
Broomfield is in Broomfield County, which has its own CHFA income limits. For a two-person household, the limit sits in the range of $125,000 to $135,000. Purchase price limits for a single-family home are typically around $650,000 to $700,000.
Centennial: South Denver's Family Suburb
Centennial is in Arapahoe County, just south of Denver along the I-25 corridor. It is one of Colorado's larger cities by population and is known for strong school districts and a mix of newer townhomes and single-family homes. Median prices run around $550,000 to $650,000. Centennial has a lot of buyers coming from Parker, Highlands Ranch, and Lone Tree who are looking for value with south Denver convenience.
Arapahoe County CHFA limits for a two-person household are around $115,000 to $125,000, with purchase price limits similar to statewide CHFA caps.
How CHFA Works in Both Cities
CHFA SmartStep is the most common program for buyers in Broomfield and Centennial. It provides down payment assistance up to 4% of the first mortgage as a second loan, which can cover your down payment and part of closing costs. You need a 620 minimum credit score, the home must be your primary residence, and you must complete the required online homebuyer education course before closing.
First-time buyer means you have not owned a primary home in the last three years. If you owned a place five or six years ago and have been renting since, you still qualify.
Getting Started
We work with buyers in both Broomfield and Centennial regularly. The process starts with a pre-approval, which we can typically turn around in 24 hours. From there we match you with the right CHFA program and walk you through the steps to closing.
If you are buying in either of these markets and you are not sure what you qualify for, reach out and we will give you a straight answer.