Colorado FHA Loan Rates, Closing Costs & Stats

Colorado

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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.

    Colorado FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Colorado averaged 6.4% for the week of 2025-05-23, compared to the national average (all FHA variants) of 6.612% for the same period.

    Colorado's average FHA mortgage closing costs are $10,954.

    The average rate for the prior week (2025-05-16) was 6.33% and one month ago for the week of 2025-04-18, the average rate was 6.65%.

    The average rate one year ago was 6.83%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.49%.

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

    Colorado 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 Colorado level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 2,434 5.96% $17,041
    QUICKEN LOANS, LLC 880 6.13% $14,634
    GUILD MORTGAGE COMPANY 652 6.52% $14,296
    AMERICAN FINANCING CORPORATION 614 5.95% $17,277
    CROSSCOUNTRY MORTGAGE, LLC 499 6.52% $15,006
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 448 6.58% $15,122
    LOANDEPOT.COM, LLC 440 5.80% $16,318
    EAGLE HOME MORTGAGE, LLC 370 4.57% $12,677
    Loan Simple, Inc. 367 6.75% $14,543
    HOMESIDE FINANCIAL, LLC 365 6.59% $14,071
    HOMEAMERICAN MORTGAGE CORPORATION 357 4.87% $10,372
    DHI MORTGAGE COMPANY, LTD. 338 5.01% $15,488
    FREEDOM MORTGAGE CORPORATION 333 6.11% $17,271
    BROKER SOLUTIONS, INC. 317 6.63% $15,691
    Paramount Residential Mortgage Group, Inc. 273 6.58% $14,293
    V.I.P. MORTGAGE, INC. 260 6.29% $16,387
    PENNYMAC LOAN SERVICES, LLC 224 5.89% $15,015
    NEWREZ LLC 193 6.30% $14,249
    NFM, INC. 191 6.23% $14,106
    INSPIRE HOME LOANS INC. 188 5.01% $13,178
    Ent Credit Union 184 6.05% $9,047
    Ixonia Bank 182 6.65% $15,655
    NEST HOME LENDING, LLC 152 5.39% $17,034
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 149 6.69% $10,086
    MOVEMENT MORTGAGE, LLC 137 6.61% $15,861
    S1L, Inc. 130 6.50% $15,236
    PRIMARY RESIDENTIAL MORTGAGE, INC. 124 6.49% $5,669
    MORTGAGE SOLUTIONS OF COLORADO, LLC 122 6.22% $11,543
    CORNERSTONE HOME LENDING, INC. 122 5.68% $12,683
    Equity Prime Mortgage LLC 118 6.93% $16,421
    BAY EQUITY LLC 117 6.74% $14,133
    GUARANTEED RATE, INC. 115 6.16% $14,448
    CMG MORTGAGE, INC. 111 6.11% $15,484
    EVERETT FINANCIAL, INC. 102 6.59% $17,087
    American Mortgage & Equity Consultants, Inc. 101 6.02% $16,697
    The Central Trust Bank 101 6.52% $11,468
    LAKEVIEW LOAN SERVICING, LLC 93 6.22% $10,611
    Century Mortgage Company DBA Century Lending Company 92 6.12% $16,030
    VAN DYK MORTGAGE CORPORATION 92 6.42% $12,875
    ZILLOW HOME LOANS, LLC 88 5.95% $17,027
    SUN WEST MORTGAGE COMPANY, INC. 88 5.99% $18,226
    Mr. Cooper ( Nationstar Mortgage ) 76 6.34% $17,716
    PLANET HOME LENDING, LLC 75 6.10% $15,884
    ENVOY MORTGAGE, LTD 75 6.69% $14,978
    Northpointe Bank 74 6.40% $14,908
    Bank of Colorado 73 6.45% $12,443
    Plains Commerce Bank 71 6.16% $15,472
    Flagstar Bank, FSB 70 6.10% $14,270
    The Loan Store, Inc. 68 6.05% $16,246
    South Pacific Financial Corporation 63 5.39% $12,379
    LOANPAL, LLC 62 5.63% $16,488
    TOWNE MORTGAGE COMPANY 62 6.09% $14,047
    KBHS HOME LOANS, LLC 60 4.80% $13,620
    JET HOMELOANS, LLC 59 5.73% $15,278
    PLAZA HOME MORTGAGE, INC. 58 6.52% $15,417
    NBH Bank 57 6.16% $9,417
    Keystone Funding, Inc. 55 6.03% $15,092
    M2 Lending Solutions, LLC 52 6.40% $15,475
    Elevations Credit Union 44 6.20% $14,056
    First Western Trust Bank 43 6.15% $10,658
    THE MORTGAGE COMPANY 42 6.53% $12,828
    MEGASTAR FINANCIAL CORP. 42 6.33% $14,810
    VILLAGE CAPITAL MORTGAGE 42 6.08% $12,116
    Gateway First Bank 41 6.65% $17,071
    AMERICAN FINANCIAL NETWORK, INC. 41 7.09% $15,669
    PREMIER MORTGAGE SERVICES, INC. 39 6.45% $10,719
    NOVA FINANCIAL & INVESTMENT CORPORATION 38 6.51% $10,821
    Bank of England 38 6.57% $16,512
    FLAT BRANCH MORTGAGE, INC. 37 6.29% $13,586
    SOUTHWEST FUNDING, LP 36 6.90% $16,855
    Carrington Mortgage Services, LLC 35 6.39% $18,446
    GUARANTEED RATE AFFINITY, LLC 34 6.29% $14,751
    CARDINAL FINANCIAL 32 6.28% $17,906
    Nations Lending Corporation 30 6.31% $15,633
    PRIMELENDING, A PLAINSCAPITAL COMPANY 30 6.48% $14,751
    SWBC MORTGAGE CORPORATION 30 6.53% $9,327
    SECURITYNATIONAL MORTGAGE COMPANY 30 6.65% $15,589
    MUTUAL OF OMAHA MORTGAGE, INC. 30 6.43% $20,233
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 29 6.47% $15,524
    AMERISAVE MORTGAGE CORPORATION 28 6.12% $20,573
    HOMEBRIDGE FINANCIAL SERVICES, INC. 27 5.92% $15,413
    Lakeview Community Capital, LLC 26 6.20% $11,761
    UNION HOME MORTGAGE CORP. 26 6.37% $13,495
    Sunflower Bank 25 6.09% $13,359
    T2 FINANCIAL LLC 25 6.70% $14,536
    LAND HOME FINANCIAL SERVICES, INC. 24 7.08% $27,478
    BOKF 24 6.50% $17,622
    MICHIGAN MUTUAL, INC. 23 6.29% $15,359
    MID AMERICA MORTGAGE, INC. 22 6.85% $7,540
    SUMMIT FUNDING, INC. 22 6.66% $15,412
    U.S. Bank 21 6.26% $16,402
    PULTE MORTGAGE LLC 21 5.19% $14,033
    PHH Mortgage Corporation 20 6.07% $16,316
    OCMBC, INC. 20 6.51% $16,881
    AMERICAN PACIFIC MORTGAGE CORPORATION 20 6.34% $20,130
    Prosperity Home Mortgage, LLC 20 6.16% $13,639
    The Huntington National Bank 20 6.27% $14,588
    INTEGRITY MORTGAGE & FINANCIAL INCORPORATED 20 6.20% $14,662
    LEADERONE FINANCIAL CORPORATION 19 6.62% $17,000
    US MORTGAGE CORPORATION 18 6.79% $16,553
    INTERCAP LENDING INC. 18 6.40% $14,053
    BMO Harris Bank 16 6.51% $13,032
    Financial Funding Solutions, Inc. 16 6.45% $7,247
    AMERICAN FINANCIAL RESOURCES, INC. 16 6.80% $15,510
    AmeriHome Mortgage Company, LLC 15 6.32% $12,318
    Mortgage Research Center, LLC 15 6.37% $10,009
    JPMorgan Chase Bank 14 6.15% $12,171
    ALLIED MORTGAGE GROUP, INC. 13 6.34% $14,879
    Commerce Home Mortgage, Inc. 13 6.17% $18,874
    GENEVA FINANCIAL, LLC 13 6.63% $16,302
    Franklin Loan Corporation 13 6.33% $17,922
    GROUP MORTGAGE, LLC 13 6.08% $16,928
    TOP FLITE FINANCIAL, INC. 13 6.61% $17,411
    NBKC BANK 11 5.90% $12,308
    IDEAL HOME LOANS LLC 11 6.28% $13,955
    TBI MORTGAGE COMPANY 11 5.67% $15,083
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 11 6.43% $14,392
    NATIONS DIRECT MORTGAGE, LLC 10 6.52% $15,831
    FBC MORTGAGE, LLC 10 4.99% $13,365
    DIRECT MORTGAGE, CORP. 10 5.50% $31,517
    Cornerstone First Mortgage, Inc 10 6.19% $15,119
    CITYWIDE HOME LOANS, LLC 10 6.31% $17,427
    The Federal Savings Bank 10 6.59% $16,651
    Midwest Mortgage Associates Corporation 10 6.62% $8,815
    Alpine Bank 10 6.28% $10,444
    CANOPY MORTGAGE, LLC 9 6.39% $25,009
    VERITAS FUNDING, LLC 9 6.29% $20,476
    BETTER MORTGAGE CORPORATION 9 5.63% $16,642
    CHURCHILL MORTGAGE CORPORATION 8 6.53% $17,920
    ON Q FINANCIAL, INC. 8 6.22% $13,599
    JMAC LENDING, INC. 8 6.42% $14,478
    Independent Bank 8 6.03% $17,799
    CALCON MUTUAL MORTGAGE LLC 8 6.41% $18,298
    First National Bank of Omaha 7 6.27% $12,583
    ENDEAVOR CAPITAL, LLC. 7 6.43% $11,615
    Servion, Inc. 7 6.73% $15,536
    MASON MCDUFFIE MORTGAGE CORPORATION 7 6.03% $13,925
    Sierra Pacific Mortgage Company, Inc. 7 6.39% $14,275
    CASTLE & COOKE MORTGAGE, LLC 7 6.52% $16,349
    HUNT MORTGAGE CORPORATION 6 5.75% $17,945
    Peak Financial 6 6.88% $12,538
    RANLIFE, INC. 6 6.42% $16,782
    CENTENNIAL LENDING, LLC 6 6.17% $11,724
    LADERA LENDING, INC. 6 6.35% $14,702
    Summit Mortgage Corporation 6 5.88% $17,951
    FIRST COLONY MORTGAGE CORPORATION 6 5.88% $16,963
    MORIA DEVELOPMENT, INC. 6 7.04% $15,613
    Flanagan State Bank 6 6.60% $12,271
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 6 6.33% $11,854
    INTELLILOAN, INC. 6 5.79% $6,381
    UNITED MORTGAGE CORP 5 6.28% $18,443
    M&T Bank 5 6.58% $10,236
    Texana Bank 5 5.85% $20,306
    UMB Bank 5 5.88% $15,927
    Armed Forces Bank 5 6.40% $12,503
    Bank of America 5 5.80% $17,753
    Network Funding, L.P. 5 6.68% $13,215
    UNIVERSAL LENDING CORPORATION 5 5.15% $17,205
    Glacier Bank 5 6.58% $14,462
    Shea Mortgage Inc. 5 5.70% $14,375
    Wells Fargo Bank 5 6.13% $13,655
    GERSHMAN INVESTMENT CORP. 4 6.28% $11,735
    AXIA FINANCIAL, LLC 4 6.38% $12,741
    DAS Acquisition Company, LLC 4 6.72% $10,236
    HOMEOWNERS FINANCIAL GROUP USA, LLC 4 6.31% $15,867
    NATIONWIDE MORTGAGE BANKERS, INC. 4 6.63% $26,053
    NMSI, INC. 4 6.03% $15,566
    TruHome Solutions, LLC 4 6.44% $10,350
    Waterstone Mortgage Corporation 4 6.75% $16,080
    ENCORE BANK 3 6.79% $11,796
    OPEN MORTGAGE, LLC 3 7.13% $16,844
    Florida Capital Bank 3 6.08% $13,440
    NETWORK CAPITAL FUNDING CORPORATION 3 6.17% $13,444
    PANORAMA MORTGAGE GROUP, LLC 3 6.25% $11,442
    FIRST MORTGAGE COMPANY, INC. 3 6.16% $12,846
    THE MORTGAGE LINK, INC. 3 6.33% $19,250
    Arvest Bank 3 5.63% $12,820
    RESIDENTIAL BANCORP 3 6.46% $17,421
    Residential Mortgage Solutions, Inc. 3 6.42% $14,511
    SUCCESS MORTGAGE PARTNERS, INC. 3 5.75% $20,518
    EMM LOANS LLC 3 5.96% $14,506
    ISERVE RESIDENTIAL LENDING, LLC 3 5.58% $18,989
    Zions Bank 3 6.04% $12,304
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 3 7.00% $12,089
    PREMIA MORTGAGE, LLC 3 5.81% $12,641
    Strong Home Mortgage, LLC 3 5.79% $13,849
    Hometown Equity Mortgage, LLC 2 5.63% $19,767
    LIBERTY HOME MORTGAGE CORPORATION 2 6.88% $19,146
    Towne Bank 2 7.06% $10,389
    MORTGAGEONE, INC. 2 6.13% $9,197
    ALTITUDE FINANCIAL CORPORATION 2 5.50% $9,218
    PENTAGON FEDERAL CREDIT UNION 2 5.63% $19,677
    LOANLEADERS OF AMERICA, INC. 2 6.38% $16,555
    NORWICH COMMERCIAL GROUP, INC. 2 6.00% $15,059
    KeyBank 2 6.38% $14,100
    Academy Bank 2 6.19% $10,124
    JLB CORPORATION 2 5.50% $17,917
    City Lending Inc. 2 8.00% $21,804
    Fifth Third Bank 2 6.63% $11,227
    Chickasaw Community Bank 2 7.13% $12,900
    Ameris Bank 2 5.50% $17,715
    PRIORITY HOME MORTGAGE, L.P. 2 5.31% $8,187
    Magnolia Bank 2 6.19% $20,838
    HOMEXPRESS MORTGAGE CORP. 2 5.81% $17,845
    Bell Bank 2 6.44% $14,420
    BAY-VALLEY MORTGAGE GROUP 2 7.13% $16,299
    NEW WAVE LENDING GROUP INC 2 5.00% $13,118
    First Federal Bank 2 5.94% $16,865
    ALAMEDA MORTGAGE CORPORATION 2 6.63% $12,843
    FIRST CONTINENTAL MORTGAGE, LTD. 2 5.87% $10,729
    Axos Bank 1 6.75% $13,465
    Town Square Mortgage & Investments, Inc. 1 6.75% $8,592
    Adams Bank & Trust 1 7.25% $12,466
    Truist 1 6.20% $9,890
    ARC HOME LLC 1 7.13% $11,869
    AmRes Corporation 1 7.13% $12,040
    UNITED HOME LOANS, INC. 1 7.25% $16,668
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.63% $8,966
    American National Bank & Trust 1 6.25% $10,134
    American Bank of Oklahoma 1 7.50% $12,601
    ALKAN MORTGAGE CORPORATION 1 6.25% $15,491
    AHL FUNDING 1 6.63% $17,740
    NATIONS RELIABLE LENDING, LLC 1 6.88% $10,780
    A&D Mortgage LLC 1 6.50% $18,257
    MOUNTAIN AMERICA 1 5.75% $8,924
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 6.75% $14,504
    NEW DAY FINANCIAL, LLC 1 7.50% $7,028
    NEXERA HOLDING LLC 1 5.50% $7,857
    WESTERRA CREDIT UNION 1 6.63% $7,686
    J. VIRGIL, INC. 1 7.00% $10,460
    NuVision Federal Credit Union 1 5.25% $14,656
    OCEANSIDE MORTGAGE COMPANY 1 6.25% $4,403
    INTERCOASTAL MORTGAGE COMPANY 1 6.25% $11,711
    Pacific Lending LLC 1 6.13% $12,884
    GSF Mortgage Corporation 1 6.63% $22,246
    Performance Financial, Inc. 1 5.50% $17,029
    GREENSTATE CREDIT UNION 1 6.13% $10,913
    Granite Community Bank 1 5.25% $18,810
    Goldwater Bank, N.A. 1 6.63% $23,036
    Golden Empire Mortgage, Inc. 1 5.25% $12,250
    PREMIER MEMBERS CREDIT UNION 1 6.63% $7,529
    GEO-CORP, INC. 1 6.50% $22,636
    Princeton Mortgage Corporation 1 7.88% $19,991
    PROPER RATE, LLC 1 6.75% $8,430
    First United Bank and Trust Company 1 7.13% $10,147
    RELIANCE FIRST CAPITAL, LLC 1 7.13% $8,481
    Residential Acceptance Corporation 1 6.88% $12,449
    RESIDENTIAL MORTGAGE, LLC 1 7.13% $13,226
    FIRST COMMUNITY MORTGAGE, INC. 1 8.25% $8,750
    ROYAL UNITED MORTGAGE LLC 1 6.75% $8,190
    FAMILY FINANCE MORTGAGE, LLC 1 6.75% $11,267
    EMBRACE HOME LOANS, INC. 1 6.63% $12,718
    DIRECTORS MORTGAGE, INC. 1 6.50% $12,104
    STOCKTON MORTGAGE CORPORATION 1 7.25% $25,841
    DATA MORTGAGE, INC. 1 6.25% $10,815
    Commerce Bank 1 7.13% $3,736
    COASTAL FUNDING SLC, INC. 1 6.00% $18,166
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.63% $4,612
    Centennial Bank 1 5.75% $12,320
    BROOKHOLLOW MORTGAGE SERVICES, LTD 1 5.00% $7,684
    Bethpage Federal Credit Union 1 6.75% $3,180
    The Dart Bank 1 6.63% $10,615
    BAYSHORE MORTGAGE FUNDING, LLC 1 6.25% $12,357
    Barrington Bank & Trust Company, N.A. 1 6.13% $15,134
    THOMPSON KANE & COMPANY, LLC 1 6.50% $11,764
    TJC Mortgage, Inc. 1 5.00% $26,643

    The top Colorado FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 2,434 FHA loans originated. Their average total fees are $17,041, which is $2,407 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Colorado FHA lenders (with over 10 loans originated) are PRIMARY RESIDENTIAL MORTGAGE, INC. ($5,669), Financial Funding Solutions, Inc. ($7,247), MID AMERICA MORTGAGE, INC. ($7,540), Midwest Mortgage Associates Corporation ($8,815) and Ent Credit Union ($9,047).

    The lowest rate Colorado FHA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (4.57%), KBHS HOME LOANS, LLC (4.80%), HOMEAMERICAN MORTGAGE CORPORATION (4.87%), FBC MORTGAGE, LLC (4.99%) and INSPIRE HOME LOANS INC. (5.01%).

    Colorado FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    NON-METRO MONTEZUMA 2023 $472,030 $604,400 $730,525 $907,900
    DENVER-AURORA-LAKEWOOD, CO ADAMS 2022 $684,250 $875,950 $1,058,850 $1,315,900
    NON-METRO ALAMOSA 2022 $420,680 $538,650 $651,050 $809,150
    DENVER-AURORA-LAKEWOOD, CO ARAPAHOE 2022 $684,250 $875,950 $1,058,850 $1,315,900
    NON-METRO ARCHULETA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BACA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BENT 2022 $420,680 $538,650 $651,050 $809,150
    BOULDER, CO BOULDER 2022 $747,500 $956,950 $1,156,700 $1,437,500
    DENVER-AURORA-LAKEWOOD, CO BROOMFIELD 2022 $684,250 $875,950 $1,058,850 $1,315,900
    NON-METRO CHAFFEE 2022 $461,150 $590,350 $713,600 $886,850
    NON-METRO CHEYENNE 2022 $420,680 $538,650 $651,050 $809,150
    DENVER-AURORA-LAKEWOOD, CO CLEAR CREEK 2022 $684,250 $875,950 $1,058,850 $1,315,900
    NON-METRO CONEJOS 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO COSTILLA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CROWLEY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CUSTER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO DELTA 2022 $420,680 $538,650 $651,050 $809,150
    DENVER-AURORA-LAKEWOOD, CO DENVER 2022 $684,250 $875,950 $1,058,850 $1,315,900
    NON-METRO DOLORES 2022 $420,680 $538,650 $651,050 $809,150
    DENVER-AURORA-LAKEWOOD, CO DOUGLAS 2022 $684,250 $875,950 $1,058,850 $1,315,900
    EDWARDS, CO EAGLE 2022 $862,500 $1,104,150 $1,334,700 $1,658,700
    DENVER-AURORA-LAKEWOOD, CO ELBERT 2022 $684,250 $875,950 $1,058,850 $1,315,900
    COLORADO SPRINGS, CO EL PASO 2022 $460,000 $588,850 $711,800 $884,600
    CANON CITY, CO FREMONT 2022 $420,680 $538,650 $651,050 $809,150
    GLENWOOD SPRINGS, CO GARFIELD 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    DENVER-AURORA-LAKEWOOD, CO GILPIN 2022 $684,250 $875,950 $1,058,850 $1,315,900
    NON-METRO GRAND 2022 $534,750 $684,550 $827,500 $1,028,350
    NON-METRO GUNNISON 2022 $431,250 $552,050 $667,350 $829,350
    NON-METRO HINSDALE 2014 $427,800 $547,650 $662,000 $822,700
    NON-METRO HUERFANO 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO JACKSON 2022 $420,680 $538,650 $651,050 $809,150
    DENVER-AURORA-LAKEWOOD, CO JEFFERSON 2022 $684,250 $875,950 $1,058,850 $1,315,900
    NON-METRO KIOWA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO KIT CARSON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO LAKE 2022 $420,680 $538,650 $651,050 $809,150
    DURANGO, CO LA PLATA 2022 $494,500 $633,050 $765,200 $950,950
    FORT COLLINS, CO LARIMER 2022 $522,100 $668,400 $807,900 $1,004,050
    NON-METRO LAS ANIMAS 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO LINCOLN 2022 $420,680 $538,650 $651,050 $809,150
    STERLING, CO LOGAN 2022 $420,680 $538,650 $651,050 $809,150
    GRAND JUNCTION, CO MESA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MINERAL 2022 $420,680 $538,650 $651,050 $809,150
    CRAIG, CO MOFFAT 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MONTEZUMA 2022 $420,680 $538,650 $651,050 $809,150
    MONTROSE, CO MONTROSE 2020 $425,500 $544,700 $658,450 $818,250
    FORT MORGAN, CO MORGAN 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO OTERO 2022 $420,680 $538,650 $651,050 $809,150
    MONTROSE, CO OURAY 2014 $425,500 $544,700 $658,450 $818,250
    DENVER-AURORA-LAKEWOOD, CO PARK 2022 $684,250 $875,950 $1,058,850 $1,315,900
    NON-METRO PHILLIPS 2022 $420,680 $538,650 $651,050 $809,150
    GLENWOOD SPRINGS, CO PITKIN 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    NON-METRO PROWERS 2022 $420,680 $538,650 $651,050 $809,150
    PUEBLO, CO PUEBLO 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO RIO BLANCO 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO RIO GRANDE 2022 $420,680 $538,650 $651,050 $809,150
    STEAMBOAT SPRINGS, CO ROUTT 2021 $678,500 $868,600 $1,049,950 $1,304,850
    NON-METRO SAGUACHE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO SAN JUAN 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO SAN MIGUEL 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    NON-METRO SEDGWICK 2022 $420,680 $538,650 $651,050 $809,150
    BRECKENRIDGE, CO SUMMIT 2022 $925,750 $1,185,150 $1,432,550 $1,780,300
    COLORADO SPRINGS, CO TELLER 2022 $460,000 $588,850 $711,800 $884,600
    NON-METRO WASHINGTON 2022 $420,680 $538,650 $651,050 $809,150
    GREELEY, CO WELD 2022 $483,000 $618,300 $747,400 $928,850
    NON-METRO YUMA 2022 $420,680 $538,650 $651,050 $809,150
    DENVER-AURORA-LAKEWOOD, CO ADAMS 2023 $787,750 $1,008,450 $1,219,000 $1,514,950
    NON-METRO ALAMOSA 2023 $472,030 $604,400 $730,525 $907,900
    DENVER-AURORA-LAKEWOOD, CO ARAPAHOE 2023 $787,750 $1,008,450 $1,219,000 $1,514,950
    NON-METRO ARCHULETA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BACA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BENT 2023 $472,030 $604,400 $730,525 $907,900
    BOULDER, CO BOULDER 2023 $856,750 $1,096,800 $1,325,800 $1,647,650
    DENVER-AURORA-LAKEWOOD, CO BROOMFIELD 2023 $787,750 $1,008,450 $1,219,000 $1,514,950
    NON-METRO CHAFFEE 2023 $600,300 $768,500 $928,950 $1,154,450
    NON-METRO CHEYENNE 2023 $472,030 $604,400 $730,525 $907,900
    DENVER-AURORA-LAKEWOOD, CO CLEAR CREEK 2023 $787,750 $1,008,450 $1,219,000 $1,514,950
    NON-METRO CONEJOS 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO COSTILLA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CROWLEY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CUSTER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO DELTA 2023 $472,030 $604,400 $730,525 $907,900
    DENVER-AURORA-LAKEWOOD, CO DENVER 2023 $787,750 $1,008,450 $1,219,000 $1,514,950
    NON-METRO DOLORES 2023 $472,030 $604,400 $730,525 $907,900
    DENVER-AURORA-LAKEWOOD, CO DOUGLAS 2023 $787,750 $1,008,450 $1,219,000 $1,514,950
    EDWARDS, CO EAGLE 2023 $1,075,250 $1,376,550 $1,663,900 $2,067,850
    DENVER-AURORA-LAKEWOOD, CO ELBERT 2023 $787,750 $1,008,450 $1,219,000 $1,514,950
    COLORADO SPRINGS, CO EL PASO 2023 $517,500 $662,500 $800,800 $995,200
    CANON CITY, CO FREMONT 2023 $472,030 $604,400 $730,525 $907,900
    GLENWOOD SPRINGS, CO GARFIELD 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    DENVER-AURORA-LAKEWOOD, CO GILPIN 2023 $787,750 $1,008,450 $1,219,000 $1,514,950
    NON-METRO GRAND 2023 $669,300 $856,800 $1,035,700 $1,287,150
    NON-METRO GUNNISON 2023 $519,800 $665,450 $804,350 $999,600
    NON-METRO HINSDALE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO HUERFANO 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO JACKSON 2023 $472,030 $604,400 $730,525 $907,900
    DENVER-AURORA-LAKEWOOD, CO JEFFERSON 2023 $787,750 $1,008,450 $1,219,000 $1,514,950
    NON-METRO KIOWA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO KIT CARSON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO LAKE 2023 $472,030 $604,400 $730,525 $907,900
    DURANGO, CO LA PLATA 2023 $596,850 $764,050 $923,600 $1,147,800
    FORT COLLINS, CO LARIMER 2023 $614,100 $786,150 $950,300 $1,181,000
    NON-METRO LAS ANIMAS 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO LINCOLN 2023 $472,030 $604,400 $730,525 $907,900
    STERLING, CO LOGAN 2023 $472,030 $604,400 $730,525 $907,900
    GRAND JUNCTION, CO MESA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MINERAL 2023 $472,030 $604,400 $730,525 $907,900
    CRAIG, CO MOFFAT 2023 $472,030 $604,400 $730,525 $907,900
    MONTROSE, CO MONTROSE 2023 $472,030 $604,400 $730,525 $907,900
    FORT MORGAN, CO MORGAN 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO OTERO 2023 $472,030 $604,400 $730,525 $907,900
    MONTROSE, CO OURAY 2023 $472,030 $604,400 $730,525 $907,900
    DENVER-AURORA-LAKEWOOD, CO PARK 2023 $787,750 $1,008,450 $1,219,000 $1,514,950
    NON-METRO PHILLIPS 2023 $472,030 $604,400 $730,525 $907,900
    GLENWOOD SPRINGS, CO PITKIN 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    NON-METRO PROWERS 2023 $472,030 $604,400 $730,525 $907,900
    PUEBLO, CO PUEBLO 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO RIO BLANCO 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO RIO GRANDE 2023 $472,030 $604,400 $730,525 $907,900
    STEAMBOAT SPRINGS, CO ROUTT 2023 $845,250 $1,082,100 $1,308,000 $1,625,500
    NON-METRO SAGUACHE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO SAN JUAN 2023 $506,000 $647,750 $783,000 $973,100
    NON-METRO SAN MIGUEL 2023 $1,045,350 $1,338,250 $1,617,650 $2,010,350
    NON-METRO SEDGWICK 2023 $472,030 $604,400 $730,525 $907,900
    BRECKENRIDGE, CO SUMMIT 2023 $953,350 $1,220,450 $1,475,250 $1,833,400
    COLORADO SPRINGS, CO TELLER 2023 $517,500 $662,500 $800,800 $995,200
    NON-METRO WASHINGTON 2023 $472,030 $604,400 $730,525 $907,900
    GREELEY, CO WELD 2023 $555,450 $711,050 $859,500 $1,068,200
    NON-METRO YUMA 2023 $472,030 $604,400 $730,525 $907,900

    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).