Free guide, PDF, 8 pages
The Colorado Teacher’s Guide to Buying a HUD Home
Schools To Home (up to 25% of the loan), Good Neighbor Next Door (50% off) and the $100 down with CHFA, compared on real listings. For teachers, paras, bus drivers, custodians and every other full-time public school employee in Colorado. Eight pages. Free, instant, PDF.
Call or text 303-955-4220 and a live person answers. Not a robot, not a phone tree.
Schools To Home, decoded
Who qualifies, the $178,920 limit, the conventional-loan rule, and the shared-appreciation math on a $350,000 home.
IN, IE and the 45-day clock
Which listings the state program closes on, why you give up the $100 down, and how to bid with it.
Good Neighbor Next Door
When the lottery beats the state program, and how to be entered the day a home appears.
Two houses, both stacks
A $240,000 condo and a $420,000 house, FHA plus CHFA against Schools To Home, with the payments.
What is in the Teacher’s Guide
- Every rule of CHFA Schools To Home in one table: who, how much, income, credit, the loan, the classes
- The shared-appreciation math (your percentage minus five) with a worked six-year example
- What changes when you use it on a HUD home: the listing code, the appraisal, the deadline
- Good Neighbor Next Door for teachers: which homes, the 7-day lottery, the 36-month promise
- FHA $100 down plus CHFA against Schools To Home, on a $240,000 condo and a $420,000 house
- Which districts serve which HUD-home cities, and the five steps in order
- The checklist, and the questions paras, charter teachers and spouses ask
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What you miss without it
- Teachers save for a down payment the state would have covered. Up to 25% of the loan, deferred, for any full-time school employee.
- They pre-approve FHA and lose the state program. Schools To Home needs a conventional loan and will not sit behind FHA.
- They miss the lottery home in their district. Seven days, employer letter, pre-approval. Set up in advance or not at all.
- They pick the wrong stack for the house. On a cheaper condo the FHA stack keeps the appreciation; on a pricier house only the state program qualifies.
Who it is for
Full-time employees of any Colorado preK-12 public school, district, charter, BOCES or innovation zone, and the spouses buying with them.
Who wrote it
The Kenna Real Estate Group at Keller Williams DTC, a HUD-registered Centennial group led by Brian Lee Burke, with lender input from Mike Oswald at Rate. We regularly bid on HUD homes and built this site so every HUD home in Colorado is on one page with the facts a buyer needs. Sources are listed in the guide.
The other three free guides
Free PDF, 18 pages
The Colorado HUD Home Buyer’s Playbook
- Lottery, exclusive and extended periods, and exactly when HUD opens bids (including the weekend rule)
- IN, IE, UI and UK, and which loan closes on each
- The net-to-HUD math with a worked example, and when to ask HUD for closing-cost help
Free PDF, 14 pages
$100 Down: The HUD Home Financing Guide
- The $100 down rule and the listings it works on (and the bid price it expects)
- FHA on a HUD home: down payment, credit, mortgage insurance, and why the appraisal is less risky
- IN, IE, UI, UK: matching the loan to the code so you never win a bid you cannot close
Free PDF, 7 pages
Good Neighbor Next Door: The 50% Off Guide
- How the program works, step by step, with a worked Aurora example
- HUD’s exact job definitions and the other rules (no current home, one per lifetime, serving the area)
- Where the eligible homes have historically come up in Colorado, and how to watch for them
Where to go next
- How to buy a HUD home, step by step
- Every HUD home in Colorado, refreshed twice a day
- Financing a HUD home: IN, IE, UI and which loan fits
- Good Neighbor Next Door in Colorado
- Get pre-approved with Mike Oswald at Rate
- Find a HUD-registered agent
- HUD home FAQs
- Search HUD listings on kennarealestate.com
Written and reviewed by
Brian Lee Burke, Colorado HUD home specialist and team leader
Licensed Colorado real estate professional since 2002 · REALTOR® · Team leader and licensed broker of the Kenna Real Estate Group at Keller Williams DTC, a group that regularly bids on HUD homes through Keller Williams Realty DTC, LLC, a HUD-registered brokerage · Author of The Real Estate Playbook and Mastering Real Estate. Brian’s full HUD biography.
Last reviewed: September 20, 2026 · Sources: HUD Home Store and HUD Handbook 4000.1, CHFA program guidelines, metroDPA program guidelines, Freddie Mac PMMS, and the county programs named on the page.
Lending content reviewed by Mike Oswald, VP of Mortgage Lending at Rate, NMLS 261003.
Program facts change. Eligibility varies by buyer and property; lender approval is required; program funding can run out; buyers may use any qualified lender; the Kenna Real Estate Group does not control HUD, CHFA or lender decisions. Verify the current terms with the program and your lender before you rely on them.
Contact: call or text 303-955-4220 or homes@kennarealestate.com. During office hours you reach a live local Kenna real estate professional, not a robot or a national call center. Brokerage: Keller Williams Realty DTC, LLC (the Kenna Real Estate Group is a group of brokers there), 6300 S Syracuse Way, Suite 150, Centennial, CO 80111. Each Keller Williams office is independently owned and operated. The Kenna Real Estate Group is an independent real estate team and is not affiliated with or endorsed by HUD or any government agency; official property information comes from HUD Home Store. Equal Housing Opportunity.
Find every home available, not just HUD homes
Advanced home search: every listing on the Colorado MLS, with the full filters, on kennarealestate.com.
Opens kennarealestate.com, the Kenna Real Estate Group’s full MLS search. HUD homes only? Use the tiles and the map on this site.
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