Colorado FHA Loan Rates, Closing Costs & Stats

Colorado

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Loan Limits

    • 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 -0.01% for the week of 2024-11-15, compared to the national average (all FHA variants) of 0% for the same period.

    Colorado's average FHA mortgage closing costs are $10,484.

    The average rate for the prior week (2024-11-08) was 6.4% and one month ago for the week of 2024-10-11, the average rate was 6.1%.

    The average rate one year ago was 6.95%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.22%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 1,981 6.08% $16,575
    QUICKEN LOANS, LLC 819 6.15% $14,937
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 576 6.71% $14,965
    AMERICAN FINANCING CORPORATION 418 6.38% $16,411
    CROSSCOUNTRY MORTGAGE, LLC 385 6.66% $16,271
    BROKER SOLUTIONS, INC. 330 6.61% $14,992
    UNIVERSAL LENDING CORPORATION 326 6.65% $13,536
    LOANDEPOT.COM, LLC 313 6.19% $16,304
    GUILD MORTGAGE COMPANY 286 6.55% $13,964
    V.I.P. MORTGAGE, INC. 281 6.35% $16,612
    DHI MORTGAGE COMPANY, LTD. 260 5.33% $17,533
    EAGLE HOME MORTGAGE, LLC 239 4.78% $13,321
    HOMEAMERICAN MORTGAGE CORPORATION 236 5.28% $10,358
    Loan Simple, Inc. 232 6.88% $14,380
    Paramount Residential Mortgage Group, Inc. 217 6.70% $15,495
    PRIMARY RESIDENTIAL MORTGAGE, INC. 207 6.77% $12,692
    MORTGAGE SOLUTIONS OF COLORADO, LLC 175 6.60% $13,098
    CORNERSTONE HOME LENDING, INC. 160 5.78% $14,056
    Ixonia Bank 158 6.92% $15,279
    EVERETT FINANCIAL, INC. 146 6.72% $16,934
    INSPIRE HOME LOANS INC. 143 5.25% $12,744
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 141 6.87% $11,067
    Ent Credit Union 141 6.09% $9,255
    NFM, INC. 138 6.73% $13,387
    Northpointe Bank 133 6.49% $14,497
    S1L, Inc. 131 6.55% $15,064
    Bank of Colorado 120 6.33% $14,616
    FREEDOM MORTGAGE CORPORATION 120 6.56% $19,785
    PENNYMAC LOAN SERVICES, LLC 113 6.06% $17,365
    NEWREZ LLC 105 6.42% $14,974
    MOVEMENT MORTGAGE, LLC 102 6.62% $17,067
    BAY EQUITY LLC 101 6.78% $14,484
    CMG MORTGAGE, INC. 100 6.18% $18,216
    NEST HOME LENDING, LLC 97 5.84% $18,982
    South Pacific Financial Corporation 97 5.72% $14,406
    THRIVE MORTGAGE, LLC 94 6.58% $12,203
    AMCAP MORTGAGE, LTD. 90 6.74% $13,473
    GUARANTEED RATE, INC. 88 6.36% $15,402
    American Mortgage & Equity Consultants, Inc. 86 6.47% $17,615
    Mr. Cooper ( Nationstar Mortgage ) 76 6.14% $22,051
    PLANET HOME LENDING, LLC 76 6.04% $15,894
    CARDINAL FINANCIAL 76 6.47% $15,450
    ACADEMY MORTGAGE CORPORATION 73 6.43% $16,264
    MUTUAL OF OMAHA MORTGAGE, INC. 71 6.32% $16,769
    MEGASTAR FINANCIAL CORP. 70 6.41% $14,779
    Nations Lending Corporation 65 6.69% $13,426
    NBH Bank 63 6.45% $9,569
    VAN DYK MORTGAGE CORPORATION 61 6.82% $11,281
    CALIBER HOME LOANS, INC. 61 6.42% $15,341
    AMERISAVE MORTGAGE CORPORATION 55 5.86% $16,993
    Flagstar Bank, FSB 54 6.41% $14,097
    JET HOMELOANS, LLC 54 5.92% $14,563
    Plains Commerce Bank 53 6.13% $14,778
    KBHS HOME LOANS, LLC 53 5.62% $16,015
    SECURITYNATIONAL MORTGAGE COMPANY 52 6.45% $18,387
    CHERRY CREEK MORTGAGE, LLC 52 6.28% $6,515
    TOWNE MORTGAGE COMPANY 52 5.93% $15,717
    NOVA FINANCIAL & INVESTMENT CORPORATION 49 6.52% $11,282
    M2 Lending Solutions, LLC 49 6.16% $15,313
    HOMESIDE FINANCIAL, LLC 49 7.27% $13,142
    PLAZA HOME MORTGAGE, INC. 48 6.53% $16,526
    LOANPAL, LLC 46 5.84% $16,167
    AMERICAN PACIFIC MORTGAGE CORPORATION 45 6.58% $16,530
    GENEVA FINANCIAL, LLC 45 6.74% $16,047
    The Central Trust Bank 44 6.57% $10,672
    SUN WEST MORTGAGE COMPANY, INC. 44 6.19% $18,605
    Bank of England 43 6.55% $15,500
    AMERICAN FINANCIAL NETWORK, INC. 43 6.87% $15,024
    Carrington Mortgage Services, LLC 40 6.31% $18,050
    LEADERONE FINANCIAL CORPORATION 40 6.55% $15,496
    PRIMELENDING, A PLAINSCAPITAL COMPANY 38 6.63% $15,910
    Equity Prime Mortgage LLC 37 6.59% $16,873
    Elevations Credit Union 36 6.54% $13,244
    GROUP MORTGAGE, LLC 35 6.38% $14,535
    OCMBC, INC. 34 7.09% $17,589
    SUMMIT FUNDING, INC. 31 6.62% $16,643
    DRAPER AND KRAMER MORTGAGE CORP. 29 6.56% $14,005
    INTERCAP LENDING INC. 29 6.30% $17,900
    CITYWIDE HOME LOANS, LLC 29 6.35% $17,844
    Century Mortgage Company DBA Century Lending Company 28 6.11% $15,806
    SWBC MORTGAGE CORPORATION 27 6.57% $12,024
    THE MORTGAGE COMPANY 27 6.68% $13,654
    PREMIER MORTGAGE SERVICES, INC. 26 6.41% $10,912
    The Federal Savings Bank 24 6.43% $19,255
    MID AMERICA MORTGAGE, INC. 24 6.25% $5,593
    GUARANTEED RATE AFFINITY, LLC 24 6.39% $14,184
    LAKEVIEW LOAN SERVICING, LLC 23 5.95% $16,106
    MASON MCDUFFIE MORTGAGE CORPORATION 23 6.62% $15,980
    HOMESTAR FINANCIAL CORPORATION 22 6.38% $9,215
    INTEGRITY MORTGAGE & FINANCIAL INCORPORATED 21 6.58% $16,599
    U.S. Bank 21 6.67% $13,875
    HOMEBRIDGE FINANCIAL SERVICES, INC. 20 6.41% $17,608
    VILLAGE CAPITAL MORTGAGE 19 6.13% $13,864
    ZILLOW HOME LOANS, LLC 19 6.36% $15,908
    Summit Mortgage Corporation 19 6.49% $14,166
    LAND HOME FINANCIAL SERVICES, INC. 19 7.08% $20,593
    Financial Funding Solutions, Inc. 18 6.44% $7,246
    The Huntington National Bank 17 6.45% $11,271
    PULTE MORTGAGE LLC 16 5.35% $11,415
    First National Bank of Omaha 15 6.56% $11,915
    MOUNTAIN WEST FINANCIAL, INC. 15 7.01% $13,596
    UMB Bank 14 6.93% $13,809
    First Western Trust Bank 14 6.01% $10,836
    AMERICAN FINANCIAL RESOURCES, INC. 13 6.27% $15,265
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 13 7.24% $16,190
    EMM LOANS LLC 13 5.93% $18,486
    JPMorgan Chase Bank 13 6.93% $10,241
    MICHIGAN MUTUAL, INC. 12 5.93% $17,099
    Prosperity Home Mortgage, LLC 12 6.30% $14,571
    RESIDENTIAL BANCORP 12 6.43% $16,055
    CHURCHILL MORTGAGE CORPORATION 12 6.74% $14,298
    T2 FINANCIAL LLC 12 6.67% $17,660
    BOKF 11 6.81% $13,795
    BMO Harris Bank 11 6.48% $8,397
    Sunflower Bank 11 6.45% $15,420
    Gateway First Bank 11 6.64% $13,684
    Princeton Mortgage Corporation 10 6.40% $16,866
    VERITAS FUNDING, LLC 10 6.41% $19,270
    UNION HOME MORTGAGE CORP. 10 6.41% $14,469
    Network Funding, L.P. 9 6.60% $16,534
    AmeriHome Mortgage Company, LLC 9 6.43% $16,105
    Keystone Funding, Inc. 9 6.24% $14,450
    Independent Bank 9 6.78% $18,697
    NATIONS DIRECT MORTGAGE, LLC 9 6.50% $15,241
    NETWORK CAPITAL FUNDING CORPORATION 8 5.84% $11,757
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 8 6.56% $14,941
    CALCON MUTUAL MORTGAGE LLC 8 6.34% $17,939
    Alpine Bank 8 6.13% $11,043
    KeyBank 8 5.84% $18,709
    LADERA LENDING, INC. 8 6.78% $13,007
    PACIFIC RESIDENTIAL MORTGAGE, LLC 8 6.70% $16,490
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 8 6.70% $12,178
    NBKC BANK 7 5.96% $14,141
    TOP FLITE FINANCIAL, INC. 7 6.82% $25,298
    ALLIED MORTGAGE GROUP, INC. 7 6.93% $11,857
    CASTLE & COOKE MORTGAGE, LLC 7 6.86% $17,126
    The Loan Store, Inc. 7 6.87% $13,968
    Waterstone Mortgage Corporation 7 6.64% $12,626
    AXIA FINANCIAL, LLC 7 6.55% $14,060
    Midwest Mortgage Associates Corporation 7 6.55% $5,932
    IDEAL HOME LOANS LLC 7 6.07% $15,389
    DIRECT MORTGAGE, CORP. 6 6.29% $18,111
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 6 6.38% $12,177
    HUNT MORTGAGE CORPORATION 6 6.13% $14,863
    JLB CORPORATION 6 6.21% $16,041
    Lakeview Community Capital, LLC 6 6.15% $14,138
    Mortgage Research Center, LLC 6 6.29% $9,502
    M&T Bank 6 6.40% $14,440
    NATIONS RELIABLE LENDING, LLC 6 6.69% $11,506
    ON Q FINANCIAL, INC. 6 5.96% $12,726
    PENTAGON FEDERAL CREDIT UNION 6 5.63% $16,128
    PHH Mortgage Corporation 6 6.73% $15,154
    Servion, Inc. 5 6.33% $14,562
    MANN FINANCIAL INC. 5 7.00% $13,159
    Hometown Equity Mortgage, LLC 5 6.13% $15,032
    CITY FIRST MORTGAGE SERVICES, L.L.C. 5 6.83% $15,551
    Zions Bank 5 6.38% $10,256
    FLAT BRANCH MORTGAGE, INC. 5 6.08% $15,036
    FirstBank 5 6.70% $9,502
    Flanagan State Bank 5 6.75% $11,445
    DAS Acquisition Company, LLC 4 6.53% $17,709
    ENCORE BANK 4 6.91% $11,878
    PANORAMA MORTGAGE GROUP, LLC 4 6.59% $15,304
    BROOKHOLLOW MORTGAGE SERVICES, LTD 4 4.78% $24,368
    GREENSTATE CREDIT UNION 4 5.75% $10,645
    MEMBER FIRST MORTGAGE, LLC 4 5.13% $16,087
    Sierra Pacific Mortgage Company, Inc. 4 5.78% $12,725
    Shea Mortgage Inc. 4 5.28% $11,591
    BECKAM FUNDING CORP. 3 6.58% $23,659
    NMSI, INC. 3 6.08% $16,511
    Bell Bank 3 6.25% $14,254
    FIRST CENTENNIAL MORTGAGE CORPORATION 3 6.33% $13,117
    Wells Fargo Bank 3 6.21% $11,518
    WESTERRA CREDIT UNION 3 6.96% $15,010
    HOME MORTGAGE ALLIANCE, LLC 3 6.46% $15,001
    HOMEXPRESS MORTGAGE CORP. 3 6.63% $16,874
    Performance Financial, Inc. 3 6.13% $20,427
    BM Real Estate Services, Inc. 2 6.94% $12,231
    Mortgage Assurance Inc. 2 5.69% $12,015
    JMAC LENDING, INC. 2 6.94% $18,156
    GUARANTY HOME MORTGAGE CORPORATION 2 7.00% $10,962
    GMFS LLC 2 7.19% $12,739
    Glacier Bank 2 6.50% $9,373
    North American Savings Bank, F.S.B. 2 5.94% $11,932
    FIRST MORTGAGE COMPANY, INC. 2 7.00% $8,099
    Academy Bank 2 6.13% $12,714
    PREMIA MORTGAGE, LLC 2 6.44% $12,129
    PREMIER MORTGAGE RESOURCES, L.L.C. 2 7.19% $13,737
    1ST SIGNATURE LENDING, LLC 2 6.88% $20,142
    RELIANCE FIRST CAPITAL, LLC 2 6.81% $14,269
    CRESCENT MORTGAGE COMPANY 2 7.50% $8,729
    RESIDENTIAL MORTGAGE, LLC 2 6.81% $12,914
    Commerce Home Mortgage, Inc. 2 6.88% $10,745
    SOVEREIGN LENDING GROUP INCORPORATED 2 6.31% $24,314
    Strong Home Mortgage, LLC 2 6.68% $15,830
    SUCCESS MORTGAGE PARTNERS, INC. 2 6.19% $11,365
    Citizens Bank 2 6.13% $17,725
    TBI MORTGAGE COMPANY 2 5.37% $29,355
    BNC National Bank 2 5.69% $11,255
    BETTER MORTGAGE CORPORATION 2 5.75% $19,963
    THOMPSON KANE & COMPANY, LLC 2 7.00% $14,828
    Barrington Bank & Trust Company, N.A. 2 6.75% $9,842
    Bank of America 2 4.94% $20,023
    Arvest Bank 2 5.44% $16,401
    Armed Forces Bank 2 6.00% $9,293
    AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 2 6.00% $25,854
    LIBERTY HOME MORTGAGE CORPORATION 2 7.44% $16,458
    NORWICH COMMERCIAL GROUP, INC. 1 6.25% $19,412
    RADIUS FINANCIAL GROUP INC. 1 7.49% $11,671
    Unify Home Lending Inc. 1 6.25% $16,448
    Magnolia Bank 1 5.99% $26,241
    United Fidelity Funding Corp. 1 5.75% $24,347
    Residential Mortgage Solutions, Inc. 1 6.99% $26,772
    Cornerstone First Mortgage, Inc 1 5.38% $23,235
    Core Bank 1 6.13% $11,053
    SeaTrust Mortgage Company 1 7.00% $10,562
    CONTOUR MORTGAGE CORPORATION 1 7.25% $10,976
    NexBank 1 6.13% $12,164
    SFMC, LP 1 5.50% $7,356
    GERSHMAN INVESTMENT CORP. 1 6.25% $9,555
    NEW DAY FINANCIAL, LLC 1 7.50% $5,854
    KELLER MORTGAGE, LLC 1 6.00% $13,327
    Ameris Bank 1 7.13% $12,938
    STOCKTON MORTGAGE CORPORATION 1 8.13% $12,345
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.63% $15,779
    US MORTGAGE CORPORATION 1 6.00% $22,689
    COASTAL FUNDING SLC, INC. 1 5.75% $13,999
    HOMESTEAD FUNDING CORP. 1 6.75% $9,299
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 5.50% $11,006
    CENTENNIAL LENDING, LLC 1 6.75% $8,037
    Capital Bank 1 5.13% $16,207
    CANOPY MORTGAGE, LLC 1 7.25% $11,460
    Mid-Continent Funding, Inc. 1 5.75% $11,966
    INTELLILOAN, INC. 1 6.50% $24,833
    American Bank of Commerce 1 5.75% $21,306
    MLB RESIDENTIAL LENDING, LLC 1 6.50% $12,451
    Advisors Mortgage Group, L.L.C. 1 6.00% $17,576
    INTERNATIONAL CITY MORTGAGE, INC. 1 5.75% $10,789
    A&D Mortgage LLC 1 7.00% $23,053
    MOUNTAIN AMERICA 1 5.63% $15,203
    TJC Mortgage, Inc. 1 5.25% $22,387
    JMJ FINANCIAL GROUP 1 6.25% $13,170
    Pacific Lending LLC 1 7.75% $11,681
    FIRST CONTINENTAL MORTGAGE, LTD. 1 5.00% $12,926
    Peak Financial 1 7.13% $8,770
    FIRST COMMUNITY MORTGAGE, INC. 1 6.75% $14,766
    Towne Bank 1 6.75% $17,892
    Willamette Valley Bank 1 5.75% $17,401
    ONE NEVADA CREDIT UNION 1 5.38% $13,495
    FIRST STATE MORTGAGE SERVICES, LLC 1 5.75% $36,162
    First Bank & Trust 1 6.50% $11,856
    OCEANSIDE MORTGAGE COMPANY 1 5.88% $5,764
    PLUS RELOCATION MORTGAGE, LLC 1 6.99% $16,510
    POLARIS HOME FUNDING CORP. 1 6.75% $10,754
    Bank of the West 1 6.75% $7,599
    Truist 1 6.20% $5,367
    Fifth Third Bank 1 6.38% $18,015
    FBC MORTGAGE, LLC 1 6.49% $12,246
    ENVOY MORTGAGE, LTD 1 7.75% $22,452
    First United Bank and Trust Company 1 6.50% $7,714
    PRIORITY HOME MORTGAGE, L.P. 1 6.00% $7,833
    PROPER RATE, LLC 1 7.25% $18,814
    ACOPIA, LLC 1 5.75% $13,980
    DELMAR FINANCIAL COMPANY 1 5.63% $16,013

    The top Colorado FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 1,981 FHA loans originated. Their average total fees are $16,575, which is $1,638 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Colorado FHA lenders (with over 10 loans originated) are MID AMERICA MORTGAGE, INC. ($5,593), CHERRY CREEK MORTGAGE, LLC ($6,515), Financial Funding Solutions, Inc. ($7,246), BMO Harris Bank ($8,397) and HOMESTAR FINANCIAL CORPORATION ($9,215).

    The lowest rate Colorado FHA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (4.78%), INSPIRE HOME LOANS INC. (5.25%), HOMEAMERICAN MORTGAGE CORPORATION (5.28%), DHI MORTGAGE COMPANY, LTD. (5.33%) and PULTE MORTGAGE LLC (5.35%).

    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).