Own Your Future
Build, Manage and Expand Your Wealth
By purchasing a new home, Denver’s Black community can begin to build, manage and expand wealth now and for generations to come.
In partnership with Elevations Credit Union, FirstBank, On Tap Credit Union and Impact Development Fund, the Dearfield Fund helps first-time homebuyers expand their down payment toward the purchase of a new home by up to $40,000.
In addition to borrowers’ personal down payment contribution, (at least 3% of the home’s price) we provide interest-free down payment assistance. Homeowners do not make any monthly payments on the down payment itself. Instead, upon selling or refinancing, they repay the amount in full plus 5% of the home’s appreciation, which ensures the Dearfield Fund can continue to operate.
Are You Eligible?
Eligibility checklist for the Dearfield Fund.
Wealth Calculator
Estimate how much wealth you’ll build through homeownership and the Dearfield Fund.
Frequently Asked Questions
Find answers to commonly asked questions about the Dearfield Fund and building wealth through homeownership.
Build Wealth With The Dearfield Fund
From the time you decide to purchase a home to the time you sell or refinance your home, the Dearfield team is committed to supporting your journey toward generating personal and community wealth.
Buy Your Home
- Confirm your eligibility for the Dearfield Fund.
- Apply for a conventional loan with a Dearfield-approved lender and get approved.
- Determine your down payment contribution (must be at least 3% of home price).
- Additionally, secure up to $40,000 from the Dearfield Fund for down payment or closing costs.
- Close on your new home and join the Dearfield Fund community.
Manage Your Wealth
- Make monthly mortgage payments and maintain your new financial asset.
- Work with the Dearfield Fund team to learn how to build equity and manage potential hardships.
Expand Your Wealth
- Sell or refinance your home to grow your wealth.
- Return down payment assistance plus 5% of your home’s appreciation to the Dearfield Fund.
Wealth Calculator
Estimate how much wealth you will build through homeownership and the Dearfield Fund