Your CHFA second has a due date
For Colorado CHFA borrowers (chfainfo.com), and for anyone with a CHFA, metroDPA or other down payment assistance second. Not the Connecticut CHFA.
Behind on your Colorado CHFA mortgage? Call CHFA Loan Servicing at 855.587.8655 before the next payment is missed. If you also have a CHFA down payment assistance second mortgage, it comes due when you sell or refinance, and it can come due when the first mortgage is in default. Below: who to call, what CHFA offers, what happens to the second, your Public Trustee foreclosure dates, and every way to keep or sell the home.
A live person answers. Not a robot, not a phone tree.
Colorado CHFA is the Colorado Housing and Finance Authority, at chfainfo.com. This page covers Colorado CHFA first mortgages and CHFA down payment assistance seconds, what happens to that second when you fall behind or sell, and the Colorado foreclosure dates that apply to you. For the full missed-payment timeline on any loan, read behind on your mortgage in Colorado.
Three calls, in this order
Call 1
Call CHFA Loan Servicing
Call 2
Call the free Colorado Foreclosure Hotline
Call 3
Find out which CHFA assistance you have
Free and confidential · Colorado
Want to see what you would net if you sold?
A free Smart Pricing Report shows three prices for your home and what you would walk away with after the first mortgage, the CHFA second and selling costs.
A live person answers. Not a robot, not a phone tree.
The right numbers, not Connecticut's
Call first
CHFA Loan Servicing
Options
CHFA Loss Mitigation
Apply online
Hardship assistance
Your account
Account login
Dovenmuehle Mortgage (DMI) on your statement? DMI is CHFA's sub-servicer. CHFA still holds your loan and is its master servicer.
Have this ready before you call:
Ask these four questions, and ask for the answers in writing:
Do not confuse the two CHFAs
Keep the home: what to ask for
CHFA discusses its loss-mitigation options with you after you apply for hardship assistance. CHFA does not publish the list. Which options apply depends on your first loan's type: FHA, VA, USDA or conventional. CHFA decides which apply to your loan.
Pause
Forbearance
Catch up
Repayment plan
Reset
Loan modification
FHA loans
Partial claim or payment supplement
FHA first loan? Two HUD rules to know
The 37-day rule. A complete loss-mitigation application received more than 37 days before a foreclosure sale stops that sale while CHFA reviews it. Apply early and ask CHFA to confirm in writing that your application is complete.
Money to catch up is limited.
Grant or second? It matters.
Not repaid
CHFA Grant
Repaid in full
CHFA Second Mortgage Loan
How to tell which one you have:
When the CHFA second comes due. Under CHFA's current second-mortgage note, the full amount is due on the first of these dates:
Behind on the first mortgage?
metroDPA and city or county seconds. metroDPA is repaid when the first mortgage is repaid. metroDPA loans closed before August 2024 were forgivable over time; loans closed after that are 30-year deferred seconds that are never forgiven. Check your own papers. How the CHFA program works for buyers: CHFA down payment assistance in Colorado.
Thinking of renting it out instead?
Who gets paid first at closing
When you sell, the title company pays everyone on your home's title, in this order, from the sale money:
| Example with made-up numbers | Amount |
|---|---|
| Sale price | $400,000 |
| First mortgage payoff (balance plus four missed payments, late fees and foreclosure costs) | −$322,000 |
| CHFA second mortgage (the amount on the note) | −$12,500 |
| Selling costs: commission, title insurance, closing and recording fees, prorated property taxes (7% of the price in this example) | −$28,000 |
| You walk away with | $37,500 |
This is an example, not your numbers. Your figures come from your payoff statements and your title company. Commissions are negotiable.
Recapture tax. It applies only to an MCC, FirstStep or FirstGeneration loan, and only when all three are true: you sell within 9 years, you sell at a gain, and your income is above the limit in your recapture notice. A sale at a loss owes no recapture tax. CHFA reimburses recapture tax through its Recapture Tax Reimbursement Plan (Form 950).
Know your number before you call CHFA
Three prices, and your net at each one
The free Smart Pricing Report shows three list prices and what you would walk away with at each one, after the first mortgage, the CHFA second and selling costs.
Want to check it yourself first? Try the Colorado seller net calculator, rent or sell, or am I underwater?
Two lenders have to say yes
Next: how a Colorado short sale works, short sale help, short sale taxes and Form 1099-C, and Colorado deficiency judgments.
Your county sets the clock
Step 1
More than 120 days late
Step 2
NED recorded
Step 3
Combined Notice
Step 4
Rule 120 hearing
Step 5
Notice of Intent to Cure
Step 6
Public Trustee sale
Find your file: search the foreclosure list on your county Public Trustee's website: Denver, Arapahoe, Jefferson, Adams or Douglas County.
Full timeline and the days table: How many days do I have? Already have a notice? Read stop foreclosure in Colorado, with pages for Denver and Aurora.
Notice of Election and Demand recorded?
File your Notice of Intent to Cure at least 15 days before the sale.
Miss that date and you lose the right to cure.
Call us. We go over your notice with you and put every date on one page.
Six real choices
Keep the home
Catch up (cure)
Keep the home
CHFA forbearance or repayment plan
Keep the home
Loan modification (FHA: with or without a partial claim)
Sell
Sell with equity
Sell
Short sale
Hand back
Deed in lieu
Foreclosure is not an option you choose. It is what happens when none of these is finished in time. Compare them in detail: compare your options and four ways out of foreclosure.
What we do, in plain words
We help with
Selling, priced right
We help with
Payoffs and short sales
We do not
No fees, no promises we cannot keep
Talk to CHFA and a HUD-approved counselor alongside us. Brian Lee Burke, broker, licensed in Colorado since 2003, leads The Kenna Group at Keller Williams DTC. Your call goes to a broker with the group, in confidence.
Free options review, in confidence
Get your CHFA options in writing, free
Use the form below. A broker from The Kenna Group calls you back with your key dates, your options to keep the home, and what a sale would leave you with after the CHFA second.
In the form, tell us:
No fee for the review. We are real estate brokers, not attorneys, lenders or CHFA. This is not legal advice: talk to a HUD-approved housing counselor or a Colorado real estate attorney about your situation.
Free help, no catch
Free counselor
Colorado Foreclosure Hotline
Free counselor
HUD housing counselors
State help
Colorado CARE Center
Bilingual staff
Colorado Housing Connects
Near you
CHFA housing counseling partners
Legal help
Free and low-cost legal aid
We are not affiliated with CHFA, HUD, the hotline or any lender.
Straight answers
Yes for a CHFA second mortgage, no for a CHFA grant. A CHFA down payment grant is not repaid. A CHFA second mortgage loan is repaid in full, with no interest, when it comes due: when you sell or transfer the home, refinance or pay off the first mortgage, stop living in it as your main home, or when the first mortgage becomes due for any reason, including default. Your CHFA first mortgage is repaid with monthly payments like any mortgage.
It is paid off at closing, at the full amount on the note, right after the first mortgage. The second has no interest and no prepayment penalty, so the payoff is the amount on the note. If the sale does not bring enough to pay both loans, it becomes a short sale, and CHFA has to approve its payoff or release.
It can. CHFA's current second-mortgage note makes the second due when the first mortgage becomes due and payable for any reason, and it counts failing to keep the first mortgage's terms as a default on the second. CHFA sends a 30-day notice before it demands the full balance. Older CHFA notes can have different terms, so read yours or ask CHFA Loan Servicing at 855.587.8655.
Yes. You can sell up to the Public Trustee sale. The sale pays off the first mortgage, including past-due amounts and foreclosure costs, then the CHFA second, then selling costs. A listing does not stop the foreclosure by itself, so list early and keep your cure deadline in view.
That is a short sale. Your first mortgage lender and CHFA both have to approve it, and neither has to. Ask each one for a written approval that says whether you will owe the shortfall, called the deficiency. We ask CHFA in writing on your file and do not promise an approval or a payoff amount.
CHFA Loss Mitigation is 866.397.5370. CHFA Loan Servicing is 855.587.8655. Apply for hardship assistance online through the link on CHFA's loan-servicing page at chfainfo.com; CHFA's 2026 homeowner newsletter names loansolutioncenter.com. CHFA warns of long hold times, so keep a note of every call: the date, the name and what you were told.
CHFA discusses its loss-mitigation options after you apply for hardship assistance, and it does not publish the list. Forbearance, repayment plans and loan modifications are the standard tools, and FHA loans add the partial claim. Which ones you get depends on your first loan's type and CHFA's review of your application.
Dovenmuehle Mortgage, Inc. (DMI) is CHFA's sub-servicer. CHFA is still the holder and master servicer of your loan. Your account login is yourmortgageonline.com. Calls about a payment problem go to CHFA Loan Servicing at 855.587.8655.
Look at your Closing Disclosure for a second loan from CHFA, or in your closing papers for a CHFA promissory note and a second deed of trust. A grant has no note to repay. CHFA Loan Servicing at 855.587.8655 can tell you which one you have.
A refinance pays off your current loan, including the past-due amounts. If you refinance with a non-CHFA loan, the CHFA second must be paid off in full. CHFA FHA borrowers can use the CHFA FHA Streamline Refinance, which keeps the second in place; CHFA allows that once. HomeAccess seconds cannot be kept in place on a refinance.
Moving out ends your use of the home as your main residence, and that is one of the due dates on the CHFA second mortgage. Ask CHFA Loan Servicing in writing before you move out and rent the home.
Federal servicing rules bar the first foreclosure filing until the loan is more than 120 days past due, which is four missed payments. In Colorado that first filing is the Notice of Election and Demand with the county Public Trustee.
The Public Trustee sale is set 110 to 125 calendar days after the Notice of Election and Demand is recorded, for a home that is not agricultural property. The lender can postpone the sale. From the first missed payment to the earliest sale date is more than seven months: over 120 days, then at least 110 more.
It is the written notice you file with the county Public Trustee to say you will bring the loan current. File it at least 15 calendar days before the sale. Then pay the cure amount, which is the past-due payments plus the lender's fees and costs, not the whole loan, by 12 noon the day before the sale. Confirm the form of payment with your county Public Trustee.
It is a short court hearing under Colorado Rule of Civil Procedure 120 that authorizes the Public Trustee sale. You get notice and can file a response. The court checks whether a default is reasonably likely and whether the owner is protected by the federal Servicemembers Civil Relief Act. It does not decide how much you owe.
Yes, in three ways: cure the default before the sale; get a lender-approved option, such as a modification, a repayment plan, or a postponement while the lender reviews a complete application or a short-sale offer; or close a sale of the home before the Public Trustee sale. We cannot promise any of them, and we cannot stop or postpone a sale ourselves.
A partial claim moves missed FHA payments into an interest-free HUD lien that you repay when you sell, pay off the loan, transfer title or refinance in certain ways. HUD allows one permanent home-retention option, including a partial claim, every 24 months.
Only on an MCC, FirstStep or FirstGeneration loan, and only when all three are true: you sell within 9 years, you sell at a gain, and your income is above the limit in your recapture notice. A sale at a loss owes no recapture tax. CHFA reimburses recapture tax through its Recapture Tax Reimbursement Plan (Form 950).
Yes for loans closed since August 2024: metroDPA is a 30-year deferred second with no interest and no monthly payments, repaid when the first mortgage is repaid, including at a sale, and never forgiven. metroDPA loans closed before August 2024 were forgivable over time. Check your own metroDPA note.
Less than before. The state's Emergency Mortgage Assistance Program has spent all its funds. CHFA's foreclosure-prevention grants pay for counseling, not payments. Denver's Foreclosure Financial Assistance Program stopped taking new applications July 1 and says to check back starting Jan. 1, 2027. The Colorado Homeownership Coalition (chchelps.org) helps owners with a temporary income loss, and the CARE Center at 1-888-480-0066 gives referrals.
No. Colorado Housing and Finance Authority is chfainfo.com. chfa.org is the Connecticut Housing Finance Authority, a different agency with different programs and phone numbers. Connecticut's Time To Own assistance and its EMAP emergency mortgage program do not apply to Colorado loans.
No. We never charge an upfront fee. When we list your home, our commission is paid only at closing, from the sale, under a written listing agreement you sign first. In a short sale, the lenders must approve that commission. We do not negotiate loan modifications.
Keep reading
Read this before you act
Who we are, what we do not do, how CHFA terms work, and the Colorado rules that set your deadlines when you are behind on a CHFA loan.
We are real estate brokers. We are not attorneys, lenders, loan servicers, housing counselors, a government agency, or CHFA. Nothing on this page is legal, tax or credit advice.
Talk to a HUD-approved housing counselor or an attorney. Colorado Foreclosure Hotline 1-877-601-HOPE (4673); HUD counselors 800-569-4287. For legal advice, talk to a Colorado real estate attorney. For tax questions, talk to a CPA.
We do not make loans or negotiate a loan modification for you. CHFA, as your loan servicer, decides on a loan modification, repayment plan or forbearance. A free housing counselor can help you apply.
The Kenna Group at Keller Williams DTC (formerly Kenna Real Estate Group) is a group of real estate brokers licensed with Keller Williams Realty DTC, LLC, 6300 S Syracuse Way, Suite 150, Centennial, CO 80111. Brian Lee Burke, broker, licensed in Colorado since 2003, leads the group. We are not a brokerage firm. All real estate services are provided through Keller Williams Realty DTC, LLC. Each Keller Williams office is independently owned and operated.
CHFA loan terms described here come from CHFA's current published forms (Form 307 and Form 375) and its website, checked November 5, 2026. Older loans can differ. Your own note and deed of trust control. Confirm your terms with CHFA Loan Servicing at 855.587.8655.
We are not affiliated with or endorsed by the Colorado Housing and Finance Authority, the Connecticut Housing Finance Authority, HUD, the Colorado Foreclosure Hotline, Colorado Housing Connects or any lender.
Most Colorado home foreclosures go through the county Public Trustee, not a court. Each county has its own Public Trustee office, including Denver, Douglas, Arapahoe and Jefferson counties. That office sets the sale date, the cure figures and the postponement rules for your file.
Missed mortgage payments come first. On a mortgage for the home you live in, federal servicing rules bar the servicer from making the first foreclosure filing until your loan is more than 120 days past due (12 C.F.R. § 1024.41(f)).
The Notice of Election and Demand starts the clock. For a home that is not agricultural property, the first Public Trustee sale date falls 110 to 125 calendar days after the notice is recorded (C.R.S. § 38-38-108). The lender can postpone the sale to a later date.
You have a right to cure (C.R.S. § 38-38-104). File a written Notice of Intent to Cure with the Public Trustee no later than 15 calendar days before the sale date. Then pay the cure amount, the past-due payments plus the lender's fees and costs, not the full loan balance, no later than 12 noon the day before the sale. Your county Public Trustee sets the form of payment, so confirm it with that office.
After the Public Trustee sale, the owner cannot buy the home back (C.R.S. § 38-38-302). You can still owe money after a foreclosure if the sale brings less than the loan balance (C.R.S. § 38-38-106).
We cannot stop or postpone a Public Trustee sale. Only you, by curing, or the lender can. Listing your home does not stop the sale. We cannot promise that CHFA or any lender will approve a short sale, a payoff amount or a price.
We never charge an upfront fee. When we list your home, our commission is paid only at closing, from the sale, under a written listing agreement you sign first. In a short sale, the lenders must approve that commission. We do not negotiate loan modifications.
A short sale needs written approval from every lienholder, including CHFA on its second. Read each approval letter for the word "deficiency." Unless the letter waives it, the lender can still collect the shortfall. Forgiven mortgage debt can be taxable income (IRS Form 1099-C). Ask a CPA before you sign a short sale or a deed in lieu.
The Colorado Foreclosure Protection Act (C.R.S. § 6-1-1101 and following) protects homeowners in foreclosure. A foreclosure consultant cannot charge or collect any fee until every promised service is fully performed (C.R.S. § 6-1-1107). A buyer who takes title to a home in foreclosure must use a written contract, and the owner can cancel it until midnight of the third business day after signing, or until noon the day before the sale, whichever comes first (C.R.S. § 6-1-1113).
Federal law bans upfront fees for mortgage relief services (12 C.F.R. Part 1015, Regulation O). Anyone who asks for money before your loan modification is done is breaking that rule.
What we never do:
We follow the federal Fair Housing Act and Colorado fair housing law. We serve every homeowner without regard to race, color, religion, sex, disability, familial status, national origin, or any other class protected by Colorado law.
Equal Housing Opportunity. Statutes are cited so you can read them yourself; laws change, so check the current text or ask an attorney before you rely on a deadline. Questions about this page: call 303-955-4220. A live person answers.
The Kenna Group at Keller Williams DTC: the real estate group Colorado trusts.
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The Kenna Group | Keller Williams Realty DTC, LLC · 303-955-4220