Grand Junction FHA Loan Rates, Closing Costs & Stats

GRAND JUNCTION, CO

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Grand Junction's 61 lenders originated 599 FHA loans during 2024. The total origination value was $200,245,000, with an average FHA loan value of $334,299.

    Grand Junction FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Grand Junction averaged 6.58% for the week of 2025-07-11, compared to the national average (all FHA variants) of 6.523% for the same period.

    Grand Junction's average FHA mortgage closing costs are $8,786.

    The average rate for the prior week (2025-07-04) was 6.52% and one month ago for the week of 2025-06-06, the average rate was 7.05%.

    The average rate one year ago was 7.19%.

    For refis of the same type during the week of 2025-07-11, the average rate was 6.01%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Grand Junction FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Grand Junction level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 69 6.69% $8,828
    GUILD MORTGAGE COMPANY 60 6.61% $12,510
    UNITED WHOLESALE MORTGAGE, LLC 57 5.80% $15,253
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 45 6.62% $12,923
    QUICKEN LOANS, LLC 37 6.04% $13,743
    CROSSCOUNTRY MORTGAGE, LLC 21 6.71% $13,229
    V.I.P. MORTGAGE, INC. 20 6.42% $13,257
    Paramount Residential Mortgage Group, Inc. 16 6.52% $13,008
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 12 6.38% $14,043
    FREEDOM MORTGAGE CORPORATION 12 6.20% $12,635
    PLAZA HOME MORTGAGE, INC. 11 6.54% $13,825
    Northpointe Bank 10 6.53% $11,895
    BROKER SOLUTIONS, INC. 10 6.71% $13,879
    BAY EQUITY LLC 9 7.04% $11,391
    Equity Prime Mortgage LLC 8 6.47% $13,430
    The Central Trust Bank 8 6.31% $10,941
    PRIMARY RESIDENTIAL MORTGAGE, INC. 8 6.59% $10,342
    HOMESIDE FINANCIAL, LLC 7 6.48% $15,028
    AMERICAN FINANCING CORPORATION 7 5.93% $14,564
    Loan Simple, Inc. 7 6.77% $12,133
    LOANDEPOT.COM, LLC 6 6.02% $17,382
    PENNYMAC LOAN SERVICES, LLC 5 5.78% $13,207
    NEWREZ LLC 5 6.40% $11,935
    LAKEVIEW LOAN SERVICING, LLC 4 6.63% $12,436
    CMG MORTGAGE, INC. 4 7.03% $12,338
    CORNERSTONE HOME LENDING, INC. 4 6.78% $11,395
    Ixonia Bank 4 6.91% $12,356
    SUN WEST MORTGAGE COMPANY, INC. 3 6.17% $19,185
    Bank of Colorado 3 5.92% $12,798
    T2 FINANCIAL LLC 3 6.88% $10,877
    Carrington Mortgage Services, LLC 3 6.25% $16,484
    GERSHMAN INVESTMENT CORP. 3 6.17% $11,099
    ENVOY MORTGAGE, LTD 2 6.88% $13,979
    Armed Forces Bank 2 6.00% $9,008
    Alpine Bank 2 5.69% $8,552
    First Western Trust Bank 2 5.63% $5,118
    GENEVA FINANCIAL, LLC 2 7.00% $11,378
    Mr. Cooper ( Nationstar Mortgage ) 2 6.25% $18,266
    PLANET HOME LENDING, LLC 2 6.81% $6,077
    The Loan Store, Inc. 2 6.94% $10,925
    M&T Bank 1 6.25% $10,848
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $15,023
    MICHIGAN MUTUAL, INC. 1 6.25% $23,159
    LOANPAL, LLC 1 5.63% $6,095
    Lakeview Community Capital, LLC 1 5.25% $11,871
    Peak Financial 1 8.25% $8,750
    LADERA LENDING, INC. 1 6.50% $17,766
    AMERICAN FINANCIAL NETWORK, INC. 1 7.75% $8,190
    Keystone Funding, Inc. 1 6.75% $8,529
    INTERCOASTAL MORTGAGE COMPANY 1 6.25% $11,711
    GSF Mortgage Corporation 1 6.63% $22,246
    FIRST COMMUNITY MORTGAGE, INC. 1 8.25% $8,750
    EVERETT FINANCIAL, INC. 1 6.88% $12,024
    ENDEAVOR CAPITAL, LLC. 1 6.49% $10,458
    Wells Fargo Bank 1 6.88% $6,309
    TOWNE MORTGAGE COMPANY 1 5.75% $12,230
    CHURCHILL MORTGAGE CORPORATION 1 7.75% $15,411
    VERITAS FUNDING, LLC 1 6.13% $16,642
    Mortgage Research Center, LLC 1 6.63% $8,675
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.25% $14,529
    VILLAGE CAPITAL MORTGAGE 1 6.13% $10,312

    The top Grand Junction FHA lender as defined by loan originations is ARK-LA-TEX FINANCIAL SERVICES, LLC., with 69 FHA loans originated. Their average total fees are $8,828, which is $3,682 lower than the next largest lender, GUILD MORTGAGE COMPANY.

    The lowest fee Grand Junction FHA lenders (with over 10 loans originated) are ARK-LA-TEX FINANCIAL SERVICES, LLC. ($8,828), Northpointe Bank ($11,895), GUILD MORTGAGE COMPANY ($12,510), FREEDOM MORTGAGE CORPORATION ($12,635) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($12,923).

    The lowest rate Grand Junction FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.80%), QUICKEN LOANS, LLC (6.04%), FREEDOM MORTGAGE CORPORATION (6.20%), GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION (6.38%) and V.I.P. MORTGAGE, INC. (6.42%).

    Grand Junction FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    GRAND JUNCTION, CO MESA 2022 $420,680 $538,650 $651,050 $809,150
    GRAND JUNCTION, CO MESA 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Grand Junction (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $277,197 (11.5%) $575,995 (75.0%) 1.03 691
    2018-02-01 $275,000 (10.6%) $586,449 (77.3%) 1.00 685
    2018-03-01 $282,000 (12.9%) $571,703 (71.0%) 0.99 744
    2018-04-01 $284,725 (10.4%) $562,343 (59.4%) 0.97 803
    2018-05-01 $288,075 (8.0%) $551,350 (55.0%) 0.96 843
    2018-06-01 $295,250 (8.4%) $549,688 (7.6%) 0.98 901
    2018-07-01 $291,510 (6.0%) $536,094 (4.6%) 0.97 957
    2018-08-01 $284,950 (6.5%) $524,154 (-6.5%) 0.95 982
    2018-09-01 $295,000 (9.3%) $536,326 (3.8%) 0.99 974
    2018-10-01 $299,950 (10.5%) $540,892 (4.6%) 1.02 974
    2018-11-01 $320,000 (16.4%) $602,435 (14.1%) 1.08 790
    2018-12-01 $324,500 (17.6%) $424,246 (-22.0%) 1.12 727
    2019-01-01 $317,225 (14.4%) $428,311 (-25.6%) 1.10 665
    2019-02-01 $324,950 (18.2%) $431,605 (-26.4%) 1.10 665
    2019-03-01 $336,857 (19.5%) $435,952 (-23.8%) 1.10 651
    2019-04-01 $344,725 (21.1%) $441,566 (-21.5%) 1.09 670
    2019-05-01 $353,050 (22.6%) $632,701 (14.8%) 1.10 724
    2019-06-01 $347,900 (17.8%) $778,043 (41.5%) 1.09 816
    2019-07-01 $350,000 (20.1%) $781,813 (45.8%) 1.10 830
    2019-08-01 $351,909 (23.5%) $779,115 (48.6%) 1.11 827
    2019-09-01 $354,773 (20.3%) $784,384 (46.3%) 1.14 814
    2019-10-01 $357,600 (19.2%) $793,395 (46.7%) 1.15 803
    2019-11-01 $359,900 (12.5%) $817,196 (35.7%) 1.18 750
    2019-12-01 $357,950 (10.3%) $851,565 (100.7%) 1.19 681
    2020-01-01 $364,925 (15.0%) $477,671 (11.5%) 1.22 603
    2020-02-01 $377,000 (16.0%) $804,903 (86.5%) 1.23 562
    2020-03-01 $393,675 (16.9%) $493,042 (13.1%) 1.23 569
    2020-04-01 $389,000 (12.8%) $481,084 (9.0%) 1.22 603
    2020-05-01 $399,514 (13.2%) $488,036 (-22.9%) 1.21 600
    2020-06-01 $414,200 (19.1%) $516,267 (-33.7%) 1.22 545
    2020-07-01 $424,950 (21.4%) $531,463 (-32.0%) 1.23 502
    2020-08-01 $404,950 (15.1%) $531,181 (-31.8%) 1.16 453
    2020-09-01 $393,350 (10.9%) $519,917 (-33.7%) 1.13 421
    2020-10-01 $398,250 (11.4%) $531,796 (-33.0%) 1.14 414
    2020-11-01 $413,675 (14.9%) $560,307 (-31.4%) 1.21 390
    2020-12-01 $396,750 (10.8%) $568,960 (-33.2%) 1.18 361
    2021-01-01 $415,000 (13.7%) $600,270 (25.7%) 1.24 267
    2021-02-01 $461,975 (22.5%) $662,809 (-17.7%) 1.34 231
    2021-03-01 $487,400 (23.8%) $648,725 (31.6%) 1.38 215
    2021-04-01 $467,500 (20.2%) $669,224 (39.1%) 1.27 181
    2021-05-01 $474,950 (18.9%) $660,682 (35.4%) 1.26 218
    2021-06-01 $474,750 (14.6%) $642,045 (24.4%) 1.25 267
    2021-07-01 $449,998 (5.9%) $615,353 (15.8%) 1.19 325
    2021-08-01 $429,950 (6.2%) $582,561 (9.7%) 1.15 385
    2021-09-01 $424,500 (7.9%) $561,139 (7.9%) 1.13 447
    2021-10-01 $427,500 (7.3%) $551,682 (3.7%) 1.14 442
    2021-11-01 $433,125 (4.7%) $564,210 (0.7%) 1.16 366
    2021-12-01 $449,450 (13.3%) $578,327 (1.7%) 1.22 292
    2022-01-01 $485,000 (16.9%) $618,022 (3.0%) 1.31 222
    2022-02-01 $450,176 (-2.6%) $598,409 (-9.7%) 1.17 203
    2022-03-01 $522,500 (7.2%) $642,526 (-1.0%) 1.31 231
    2022-04-01 $498,500 (6.6%) $628,544 (-6.1%) 1.19 256
    2022-05-01 $475,000 (0.0%) $600,768 (-9.1%) 1.09 353
    2022-06-01 $477,350 (0.6%) $610,622 (-4.9%) 1.06 395
    2022-07-01 $469,750 (4.4%) $599,165 (-2.6%) 1.06 486
    2022-08-01 $482,188 (12.2%) $615,389 (5.6%) 1.11 543
    2022-09-01 $481,064 (13.3%) $613,046 (9.3%) 1.12 559
    2022-10-01 $472,000 (10.4%) $597,240 (8.3%) 1.11 594
    2022-11-01 $467,599 (8.0%) $592,161 (5.0%) 1.12 580
    2022-12-01 $475,000 (5.7%) $599,579 (3.7%) 1.17 525
    2023-01-01 $489,975 (1.0%) $602,261 (-2.6%) 1.21 489
    2023-02-01 $485,750 (7.9%) $607,884 (1.6%) 1.17 465
    2023-03-01 $509,107 (-2.6%) $634,457 (-1.3%) 1.20 436
    2023-04-01 $525,000 (5.3%) $658,670 (4.8%) 1.22 403
    2023-05-01 $531,975 (12.0%) $680,948 (13.4%) 1.21 389
    2023-06-01 $519,425 (8.8%) $670,366 (9.8%) 1.17 411
    2023-07-01 $529,000 (12.6%) $661,244 (10.4%) 1.20 427
    2023-08-01 $524,100 (8.7%) $640,276 (4.0%) 1.20 465
    2023-09-01 $539,900 (12.2%) $653,140 (6.5%) 1.26 482
    2023-10-01 $519,975 (10.2%) $639,572 (7.1%) 1.22 513
    2023-11-01 $499,000 (6.7%) $627,104 (5.9%) 1.19 509
    2023-12-01 $494,750 (4.2%) $635,757 (6.0%) 1.21 463
    2024-01-01 $496,450 (1.3%) $642,910 (6.8%) 1.21 436
    2024-02-01 $505,482 (4.1%) $644,364 (6.0%) 1.22 423
    2024-03-01 $518,000 (1.8%) $650,335 (2.5%) 1.22 416
    2024-04-01 $521,875 (-0.6%) $655,897 (-0.4%) 1.21 413
    2024-05-01 $517,450 (-2.7%) $656,275 (-3.6%) 1.18 434
    2024-06-01 $499,900 (-3.8%) $646,986 (-3.5%) 1.14 470
    2024-07-01 $517,450 (-2.2%) $650,747 (-1.6%) 1.18 502
    2024-08-01 $514,950 (-1.8%) $655,419 (2.4%) 1.20 523
    2024-09-01 $499,000 (-7.6%) $637,762 (-2.4%) 1.17 572
    2024-10-01 $497,250 (-4.4%) $636,753 (-0.4%) 1.17 611
    2024-11-01 $491,500 (-1.5%) $641,245 (2.3%) 1.18 602
    2024-12-01 $480,113 (-3.0%) $622,852 (-2.0%) 1.19 547
    2025-01-01 $478,250 (-3.7%) $622,485 (-3.2%) 1.19 500
    2025-02-01 $469,000 (-7.2%) $636,342 (-1.2%) 1.14 522
    2025-03-01 $474,250 (-8.5%) $664,551 (2.2%) 1.12 514
    2025-04-01 $470,750 (-9.8%) $629,714 (-4.0%) 1.09 546
    2025-05-01 $473,250 (-8.5%) $633,940 (-3.4%) 1.08 621
    2025-06-01 $469,900 (-6.0%) $632,728 (-2.2%) 1.07 675
    Grand Junction's median listing price for 2025-06-01 was $469,900, a difference of $-30,000 (-6.0%) versus the prior year and $-3,350 versus the prior month.

    Grand Junction's median listing price comes in at 107% of the national average.

    Grand Junction's average listing price for 2025-06-01 was $632,728, a difference of $-14,258 (-2.2%) versus the prior year and $-1,212 versus the prior month.

    For the 2025-06-01 period, Grand Junction had 675 MLS listings, a difference of 54 listings (9%) versus the prior month and 205 listings (44%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Grand Junction (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 73 days 1,762 sqft
    2018-02-01 62 days 1,792 sqft
    2018-03-01 46 days 1,792 sqft
    2018-04-01 40 days 1,793 sqft
    2018-05-01 40 days 1,797 sqft
    2018-06-01 40 days 1,820 sqft
    2018-07-01 43 days 1,811 sqft
    2018-08-01 47 days 1,792 sqft
    2018-09-01 53 days 1,817 sqft
    2018-10-01 57 days 1,819 sqft
    2018-11-01 60 days 1,946 sqft
    2018-12-01 67 days 1,944 sqft
    2019-01-01 75 days 1,887 sqft
    2019-02-01 69 days 1,945 sqft
    2019-03-01 57 days 1,943 sqft
    2019-04-01 46 days 1,939 sqft
    2019-05-01 43 days 1,985 sqft
    2019-06-01 43 days 1,985 sqft
    2019-07-01 51 days 2,002 sqft
    2019-08-01 54 days 1,980 sqft
    2019-09-01 57 days 1,963 sqft
    2019-10-01 59 days 1,947 sqft
    2019-11-01 64 days 1,947 sqft
    2019-12-01 70 days 1,948 sqft
    2020-01-01 75 days 1,964 sqft
    2020-02-01 67 days 1,978 sqft
    2020-03-01 45 days 2,049 sqft
    2020-04-01 48 days 2,020 sqft
    2020-05-01 54 days 2,000 sqft
    2020-06-01 53 days 2,042 sqft
    2020-07-01 51 days 2,106 sqft
    2020-08-01 47 days 2,019 sqft
    2020-09-01 41 days 1,933 sqft
    2020-10-01 37 days 1,942 sqft
    2020-11-01 46 days 1,947 sqft
    2020-12-01 50 days 1,907 sqft
    2021-01-01 61 days 1,932 sqft
    2021-02-01 38 days 1,978 sqft
    2021-03-01 32 days 1,972 sqft
    2021-04-01 27 days 1,913 sqft
    2021-05-01 15 days 1,891 sqft
    2021-06-01 19 days 1,866 sqft
    2021-07-01 23 days 1,822 sqft
    2021-08-01 30 days 1,830 sqft
    2021-09-01 32 days 1,837 sqft
    2021-10-01 35 days 1,848 sqft
    2021-11-01 45 days 1,836 sqft
    2021-12-01 55 days 1,883 sqft
    2022-01-01 58 days 1,950 sqft
    2022-02-01 31 days 1,855 sqft
    2022-03-01 22 days 1,933 sqft
    2022-04-01 24 days 1,891 sqft
    2022-05-01 23 days 1,877 sqft
    2022-06-01 30 days 1,895 sqft
    2022-07-01 30 days 1,853 sqft
    2022-08-01 38 days 1,896 sqft
    2022-09-01 44 days 1,891 sqft
    2022-10-01 50 days 1,866 sqft
    2022-11-01 61 days 1,866 sqft
    2022-12-01 71 days 1,876 sqft
    2023-01-01 73 days 1,896 sqft
    2023-02-01 67 days 1,913 sqft
    2023-03-01 64 days 1,943 sqft
    2023-04-01 54 days 2,000 sqft
    2023-05-01 47 days 2,000 sqft
    2023-06-01 44 days 1,977 sqft
    2023-07-01 46 days 1,939 sqft
    2023-08-01 45 days 1,932 sqft
    2023-09-01 47 days 1,934 sqft
    2023-10-01 51 days 1,937 sqft
    2023-11-01 57 days 1,851 sqft
    2023-12-01 68 days 1,829 sqft
    2024-01-01 74 days 1,830 sqft
    2024-02-01 60 days 1,847 sqft
    2024-03-01 50 days 1,854 sqft
    2024-04-01 48 days 1,829 sqft
    2024-05-01 46 days 1,841 sqft
    2024-06-01 46 days 1,856 sqft
    2024-07-01 51 days 1,820 sqft
    2024-08-01 47 days 1,836 sqft
    2024-09-01 45 days 1,816 sqft
    2024-10-01 46 days 1,788 sqft
    2024-11-01 56 days 1,783 sqft
    2024-12-01 69 days 1,754 sqft
    2025-01-01 77 days 1,734 sqft
    2025-02-01 72 days 1,735 sqft
    2025-03-01 53 days 1,714 sqft
    2025-04-01 48 days 1,737 sqft
    2025-05-01 44 days 1,746 sqft
    2025-06-01 49 days 1,727 sqft
    Grand Junction's median listing age (time on market) for 2025-06-01 was 49 days. This is 7% longer than the same period one year ago.

    Grand Junction's median square footage for active listings during the 2025-06-01 period was 1,727 sqft. One year prior, the average listing was 1,856 sqft.

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).