Down Payment Assistance Loan Program

The Yampa Valley Housing Authority established the Down Payment Assistance Program to help local home buyers with up to 10% of the purchase price of a home.  The YVHA Down Payment Assistance Program is available to households that meet the following criteria:

  • Buyer must be employed a minimum of 1650 hours annually within Routt County
  • Property must be located in Routt County**
  • Buyer cannot own any other property at time of closing
  • Household income up to 150% Area Median Income (AMI).
  • Minimum direct borrower investment of 1% purchase price
  • Back end ratio (total debt) no greater than 45%
  • Maximum combined loan to value of 105%

Monthly payments are not made on the loan; however, repayment of the loan principal and interest accrued, based on Wall
Street Journal Prime Rate – 2.00% as calculated at the time of application, is due after 15 years or at the sale of the unit.  Impact Development Fund, a third-party underwriter administers the program on behalf of YVHA.

**In 2018, the Yampa Valley Housing Authority created a new Countywide Down Payment Assistance Loan Program.  This new program does not require employment within Routt County, therefore allowing all County residents access to this program.

Household Size

2021 – 150% Area Median Income Limit

1 person $96,150
2 persons $109,800
3 persons $123,600
4 persons $137,250
5 persons $148,350
6 persons $159,300