Who Qualifies?
You are eligible if you answer yes to all of these questions
Are you a first-time Black or African-American homebuyer? (Haven't owed in the past three years)
Is your household income less than 140% of the Denver Area Median Income?
Income Qualifications
Income eligibility for the Dearfield Fund for Black Wealth is 140% of the Area Median Income depending on your family size.
Speak with a mortgage loan officer to confirm your income eligibility.
Have you qualified for a conventional mortgage loan with a Dearfield-approved lender?
Approved Lenders
Have you completed a first-time homebuyer course through your lender?
Do you plan to purchase your primary residence in the Denver area?
In One Of These Six Counties
Broomfield
Adams
Arapahoe
Denver
Douglas
Jefferson
Can you contribute at least 3% of the home value to the down payment?
3% contribution can include down payment assistance grants and family gifts
You're eligible if you answered YES to all of these questions
You are eligible for down-payment assistance from the Dearfield Fund. Please contact us and we’ll help walk you through the next steps!
You're NOT ELIGIBLE If you answered NO to any of these questions
The Dearfield Fund was created to ensure that Black or African American families are able to access downpayment and closing assistance to get into their first home and accelerate their intergenerational wealth building. We can help start you on the path to getting “mortgage ready.”
If you have more questions
Check out our Frequently Asked Questions here. And if there’s something else you need to know, you can reach out for more information.