Colorado FHA Loan Rates, Closing Costs & Stats

Colorado

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 -0.73% for the week of 2023-11-24, compared to the national average (all FHA variants) of 0% for the same period.

Colorado's average FHA mortgage closing costs are $9,980.

The average rate for the prior week (2023-11-17) was 6.86% and one month ago for the week of 2023-10-20, the average rate was 6.77%.

The average rate one year ago was 6.1%.

For refis of the same type during the week of 2023-11-24, the average rate was -1.61%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 1,359 4.68% $13,308
AMERICAN FINANCING CORPORATION 911 4.27% $13,327
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 848 5.12% $13,799
QUICKEN LOANS, LLC 758 4.40% $13,574
LOANDEPOT.COM, LLC 442 4.72% $13,773
UNIVERSAL LENDING CORPORATION 398 5.20% $13,255
PRIMARY RESIDENTIAL MORTGAGE, INC. 385 4.79% $13,411
CROSSCOUNTRY MORTGAGE, LLC 376 5.28% $15,515
BROKER SOLUTIONS, INC. 317 5.26% $13,851
HOME POINT FINANCIAL CORPORATION 303 4.10% $12,802
GUILD MORTGAGE COMPANY 285 4.91% $14,125
CALIBER HOME LOANS, INC. 274 4.59% $13,018
CHERRY CREEK MORTGAGE, LLC 226 4.98% $6,421
NEST HOME LENDING, LLC 216 4.94% $15,721
MORTGAGE SOLUTIONS OF COLORADO, LLC 216 5.06% $12,517
Paramount Residential Mortgage Group, Inc. 214 5.07% $14,687
ACADEMY MORTGAGE CORPORATION 205 5.54% $12,281
BAY EQUITY LLC 204 4.97% $12,771
Northpointe Bank 198 4.81% $13,177
S1L, Inc. 191 5.09% $14,178
NFM, INC. 190 5.24% $13,482
FREEDOM MORTGAGE CORPORATION 187 4.45% $12,998
Amerifirst Financial, Inc. 182 5.03% $12,842
PENNYMAC LOAN SERVICES, LLC 179 4.07% $13,414
DHI MORTGAGE COMPANY, LTD. 176 4.28% $14,500
CORNERSTONE HOME LENDING, INC. 173 4.79% $12,042
Ent Credit Union 166 4.29% $8,007
NOVA FINANCIAL & INVESTMENT CORPORATION 159 4.83% $3,747
Mr. Cooper ( Nationstar Mortgage ) 139 4.12% $16,331
AMCAP MORTGAGE, LTD. 134 5.07% $11,706
EVERETT FINANCIAL, INC. 133 5.26% $9,717
EAGLE HOME MORTGAGE, LLC 132 4.48% $17,414
LAKEVIEW LOAN SERVICING, LLC 127 3.52% $8,872
HOMEAMERICAN MORTGAGE CORPORATION 124 4.27% $10,274
Loan Simple, Inc. 117 5.10% $13,913
Carrington Mortgage Services, LLC 107 4.74% $14,087
Nations Lending Corporation 106 5.24% $14,382
PLANET HOME LENDING, LLC 106 4.49% $14,024
ARK-LA-TEX FINANCIAL SERVICES, LLC. 102 5.51% $10,493
MEGASTAR FINANCIAL CORP. 93 4.90% $13,785
NEWREZ LLC 90 4.59% $12,789
THRIVE MORTGAGE, LLC 89 5.13% $12,149
NBH Bank 87 5.12% $10,519
CARDINAL FINANCIAL 86 4.69% $13,920
Gateway First Bank 77 5.18% $12,172
MOVEMENT MORTGAGE, LLC 76 5.10% $14,415
AMERISAVE MORTGAGE CORPORATION 74 4.52% $14,547
V.I.P. MORTGAGE, INC. 72 5.30% $13,960
Bank of Colorado 70 5.07% $11,580
CITYWIDE HOME LOANS, LLC 69 5.19% $15,341
FINANCE OF AMERICA MORTGAGE LLC 69 4.70% $12,815
Financial Funding Solutions, Inc. 63 4.72% $11,578
AMERICAN PACIFIC MORTGAGE CORPORATION 59 4.82% $14,207
Flagstar Bank, FSB 59 4.63% $14,179
GUARANTEED RATE, INC. 59 4.84% $12,362
HOME MORTGAGE ALLIANCE, LLC 59 5.02% $14,619
GENEVA FINANCIAL, LLC 57 5.24% $13,603
VAN DYK MORTGAGE CORPORATION 56 5.57% $12,286
INSPIRE HOME LOANS INC. 56 4.72% $15,138
PLAZA HOME MORTGAGE, INC. 56 4.77% $14,166
Equity Prime Mortgage LLC 56 4.93% $13,771
CMG MORTGAGE, INC. 56 4.40% $13,593
SECURITYNATIONAL MORTGAGE COMPANY 53 4.97% $15,152
The Central Trust Bank 52 4.98% $11,256
TOWNE MORTGAGE COMPANY 50 4.29% $11,558
Plains Commerce Bank 50 4.88% $14,605
LOANPAL, LLC 50 4.17% $15,076
South Pacific Financial Corporation 48 4.45% $16,841
Network Funding, L.P. 45 5.51% $17,419
PRIMELENDING, A PLAINSCAPITAL COMPANY 44 5.27% $14,658
M2 Lending Solutions, LLC 42 5.50% $14,311
Bank of England 41 5.23% $16,304
SUMMIT FUNDING, INC. 41 5.41% $17,289
SUN WEST MORTGAGE COMPANY, INC. 40 4.81% $13,564
DRAPER AND KRAMER MORTGAGE CORP. 38 5.45% $12,492
Lakeview Community Capital, LLC 34 3.67% $9,511
American Mortgage & Equity Consultants, Inc. 33 5.10% $14,971
Century Mortgage Company DBA Century Lending Company 33 4.53% $12,420
GUARANTEED RATE AFFINITY, LLC 33 4.92% $12,498
KBHS HOME LOANS, LLC 31 4.74% $19,628
PREMIER MORTGAGE SERVICES, INC. 30 4.88% $9,184
SOUTHWEST FUNDING, LP 29 5.34% $13,788
VILLAGE CAPITAL MORTGAGE 28 3.87% $8,916
Colten Mortgage, LLC 27 4.54% $13,893
THE MORTGAGE COMPANY 26 5.10% $13,221
MUTUAL OF OMAHA MORTGAGE, INC. 26 5.11% $15,574
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 25 4.90% $13,300
Elevations Credit Union 25 4.90% $14,021
T2 FINANCIAL LLC 24 5.95% $17,207
INTEGRITY MORTGAGE & FINANCIAL INCORPORATED 22 5.07% $14,161
HOMEBRIDGE FINANCIAL SERVICES, INC. 22 4.78% $13,160
PREMIER MORTGAGE RESOURCES, L.L.C. 21 4.93% $11,876
The Federal Savings Bank 21 4.77% $18,097
TOP FLITE FINANCIAL, INC. 21 5.39% $23,055
U.S. Bank 19 5.18% $11,593
OCMBC, INC. 19 5.08% $14,178
The Huntington National Bank 19 4.83% $12,016
MID AMERICA MORTGAGE, INC. 19 5.22% $5,339
GROUP MORTGAGE, LLC 18 4.49% $12,182
HOMESIDE FINANCIAL, LLC 18 4.27% $13,937
NATIONS DIRECT MORTGAGE, LLC 17 4.37% $13,978
First Western Trust Bank 16 4.81% $10,576
First National Bank of Omaha 16 4.84% $12,329
Midwest Mortgage Associates Corporation 16 4.80% $10,420
CASTLE & COOKE MORTGAGE, LLC 16 4.71% $15,593
PANORAMA MORTGAGE GROUP, LLC 16 5.57% $13,558
LADERA LENDING, INC. 15 5.26% $14,282
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 15 4.51% $12,329
KeyBank 15 4.13% $13,090
SWBC MORTGAGE CORPORATION 14 5.50% $12,941
BOKF 14 4.79% $13,973
Hometown Equity Mortgage, LLC 13 5.46% $17,008
Commerce Home Mortgage, Inc. 13 4.31% $13,598
Sunflower Bank 13 4.62% $11,436
First Guaranty Mortgage Corporation 13 3.90% $12,130
Franklin Loan Corporation 13 5.19% $16,646
IDEAL HOME LOANS LLC 13 4.42% $14,221
BECKAM FUNDING CORP. 12 5.33% $21,343
Bank of the West 12 4.91% $10,309
MOUNTAIN WEST FINANCIAL, INC. 12 4.94% $13,340
NETWORK CAPITAL FUNDING CORPORATION 12 4.67% $15,121
The Home Loan Expert LLC 12 4.70% $10,581
Independent Bank 11 5.09% $12,243
Summit Mortgage Corporation 11 4.57% $12,608
CONTOUR MORTGAGE CORPORATION 11 4.52% $13,896
ARC HOME LLC 11 4.11% $10,607
MORIA DEVELOPMENT, INC. 10 5.13% $13,544
JLB CORPORATION 9 4.35% $13,328
VERITAS FUNDING, LLC 9 5.24% $18,252
FIRST CENTENNIAL MORTGAGE CORPORATION 9 4.93% $11,888
CHURCHILL MORTGAGE CORPORATION 9 5.25% $13,874
Glacier Bank 9 5.08% $8,588
JET HOMELOANS, LLC 9 4.93% $20,002
RESIDENTIAL BANCORP 9 4.57% $15,794
Wells Fargo Bank 8 5.25% $11,330
Sierra Pacific Mortgage Company, Inc. 8 4.83% $16,768
JPMorgan Chase Bank 8 4.03% $11,683
AmeriHome Mortgage Company, LLC 8 4.47% $9,905
INTERCAP LENDING INC. 7 6.11% $14,024
FLAT BRANCH MORTGAGE, INC. 7 4.98% $11,126
Flanagan State Bank 7 4.93% $9,727
Barrington Bank & Trust Company, N.A. 7 3.92% $9,757
OPEN MORTGAGE, LLC 6 4.60% $9,799
LEADERONE FINANCIAL CORPORATION 6 4.98% $13,745
Mortgage Research Center, LLC 6 4.73% $9,100
FIRST COLONY MORTGAGE CORPORATION 6 5.31% $11,748
AMERICAN FINANCIAL RESOURCES, INC. 6 5.77% $13,759
UNITED MORTGAGE CORP 6 4.94% $16,006
MICHIGAN MUTUAL, INC. 6 5.37% $13,010
NBKC BANK 5 3.45% $13,497
UMB Bank 5 6.35% $13,625
ON Q FINANCIAL, INC. 5 5.78% $12,736
ZILLOW HOME LOANS, LLC 5 4.63% $12,027
Waterstone Mortgage Corporation 5 5.08% $14,981
Bank of America 5 5.25% $11,701
BAYSHORE MORTGAGE FUNDING, LLC 5 4.90% $15,393
SOUTHWEST STAGE FUNDING, LLC 5 5.05% $11,331
Peak Financial 4 5.50% $10,019
PACIFIC RESIDENTIAL MORTGAGE, LLC 4 6.50% $13,334
RELIANCE FIRST CAPITAL, LLC 4 4.88% $11,454
PULTE MORTGAGE LLC 4 4.34% $12,152
J. VIRGIL, INC. 4 5.28% $15,628
CERTAINTY HOME LOANS, LLC 4 5.66% $12,141
KELLER MORTGAGE, LLC 4 4.50% $10,691
LOANLEADERS OF AMERICA, INC. 4 4.41% $17,394
MANN FINANCIAL INC. 4 5.84% $9,870
Wyndham Capital Mortgage, Inc. 4 4.38% $9,985
Farmers & Stockmens Bank 4 4.91% $11,810
Ixonia Bank 4 5.25% $11,581
Strong Home Mortgage, LLC 4 4.09% $8,932
ENDEAVOR CAPITAL, LLC. 3 5.21% $13,487
EMM LOANS LLC 3 3.58% $14,147
HOME FUNDING CORPORATION 3 5.17% $16,141
Adams Bank & Trust 3 5.75% $8,828
WILLOW BEND MORTGAGE COMPANY, LLC 3 3.79% $11,224
AXIA FINANCIAL, LLC 3 4.21% $10,995
Victorian Finance, LLC 3 5.17% $11,095
Neighborhood Loans, Inc. 3 5.29% $17,693
RANLIFE, INC. 3 5.88% $15,009
Magnolia Bank 3 4.75% $13,788
Residential Mortgage Solutions, Inc. 3 4.46% $18,885
SOVEREIGN LENDING GROUP INCORPORATED 3 4.33% $11,202
1ST SIGNATURE LENDING, LLC 3 6.29% $16,626
Wallick & Volk, Inc. 3 4.33% $14,113
GUARANTY HOME MORTGAGE CORPORATION 3 5.17% $14,824
HUNT MORTGAGE CORPORATION 3 4.04% $9,444
Shea Mortgage Inc. 3 4.67% $10,914
Prosperity Home Mortgage, LLC 3 5.50% $16,174
PHH Mortgage Corporation 3 5.63% $18,652
HOMESTAR FINANCIAL CORPORATION 3 4.92% $9,874
Zions Bank 3 5.00% $11,812
FirstBank 2 4.81% $9,603
HOMEXPRESS MORTGAGE CORP. 2 5.44% $12,945
First Option Mortgage, LLC 2 5.56% $14,671
First Home Bank 2 5.25% $15,579
LAND HOME FINANCIAL SERVICES, INC. 2 5.69% $16,427
MEMBER FIRST MORTGAGE, LLC 2 5.88% $13,234
M&T Bank 2 4.75% $11,572
Mutual Federal Bank 2 4.50% $15,427
EMBRACE HOME LOANS, INC. 2 4.94% $16,481
NATIONWIDE MORTGAGE BANKERS, INC. 2 5.25% $14,786
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 2 5.19% $21,400
NP, Inc. 2 6.75% $15,334
OAKTREE FUNDING CORP. 2 5.44% $26,150
OCEANSIDE MORTGAGE COMPANY 2 3.88% $3,520
Peoples Bank 2 5.00% $15,447
CENTENNIAL LENDING, LLC 2 3.19% $9,693
CALCON MUTUAL MORTGAGE LLC 2 5.69% $21,465
PREMIER LENDING, INC. 2 4.94% $16,240
BETTER MORTGAGE CORPORATION 2 5.38% $14,942
ROUNDPOINT MORTGAGE SERVICING CORPORATION 2 5.38% $8,896
1ST FINANCIAL, INC. 2 6.75% $19,659
SUCCESS MORTGAGE PARTNERS, INC. 2 5.06% $22,452
Austin Capital Bank SSB 2 4.94% $15,004
Assurance Financial Group, L.L.C. 2 5.31% $12,137
The Union Bank Company 2 5.00% $13,513
TJC Mortgage, Inc. 2 5.56% $15,983
Trinity Oaks Mortgage, LLC 2 4.44% $6,512
UNION HOME MORTGAGE CORP. 2 3.63% $7,613
HOMESPIRE MORTGAGE CORPORATION 2 4.19% $12,072
Paramount Bank 1 7.13% $11,744
Citizens Bank 1 2.63% $10,301
RESIDENTIAL HOME FUNDING CORP. 1 5.13% $10,593
Pacific Lending LLC 1 6.13% $13,165
RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 3.75% $10,790
Academy Bank 1 4.63% $10,648
FIRST COMMUNITY MORTGAGE, INC. 1 4.63% $11,764
Commerce Bank 1 5.13% $6,131
Servion, Inc. 1 5.50% $9,405
ServisFirst Bank 1 6.63% $13,409
Core Bank 1 3.75% $6,735
North American Savings Bank, F.S.B. 1 3.75% $11,741
Cornerstone First Mortgage, Inc 1 6.50% $9,341
NexBank 1 5.75% $13,034
CRESCENT MORTGAGE COMPANY 1 4.75% $6,888
NEW DAY FINANCIAL, LLC 1 3.88% $5,645
DAS Acquisition Company, LLC 1 6.13% $17,353
FIRST CONTINENTAL MORTGAGE, LTD. 1 3.25% $14,245
DIRECT MORTGAGE, CORP. 1 2.25% $19,845
NATIONS RELIABLE LENDING, LLC 1 3.99% $13,836
LIBERTY HOME MORTGAGE CORPORATION 1 7.00% $7,705
First United Bank and Trust Company 1 6.63% $11,493
Armed Forces Bank 1 4.63% $16,550
ENVOY MORTGAGE, LTD 1 5.63% $11,369
Texana Bank 1 3.25% $12,973
ANGEL OAK HOME LOANS LLC 1 2.88% $13,793
AmRes Corporation 1 4.50% $13,996
Fifth Third Bank 1 5.00% $11,290
Ameris Bank 1 5.13% $14,870
Mortgage Investment Services Corporation 1 5.75% $4,710
THE MORTGAGE FIRM, INC. 1 4.63% $11,135
Willamette Valley Bank 1 5.50% $13,158
AMERIFIRST FINANCIAL CORPORATION 1 5.25% $9,937
INTERCOASTAL MORTGAGE COMPANY 1 5.75% $7,538
AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 1 5.38% $24,605
Hometown Lenders, Inc. 1 3.63% $9,484
INLANTA MORTGAGE, INC. 1 5.25% $20,895
TruHome Solutions, LLC 1 4.38% $10,181
MidFirst Bank 1 2.63% $3,012
Goldwater Bank, N.A. 1 5.13% $10,220
United Fidelity Funding Corp. 1 5.88% $28,137
FirstBank 1 2.50% $8,609
ALLIED MORTGAGE GROUP, INC. 1 6.63% $10,747
AIR ACADEMY 1 5.25% $9,726
Advisors Mortgage Group, L.L.C. 1 6.12% $12,742
US MORTGAGE CORPORATION 1 5.25% $9,645
VANDERBILT MORTGAGE AND FINANCE, INC. 1 5.88% $18,594
First Bank & Trust 1 4.63% $14,856
PREMIA MORTGAGE, LLC 1 4.75% $6,090
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 5.75% $31,051
PREMIER MEMBERS CREDIT UNION 1 6.75% $13,984
BROOKHOLLOW MORTGAGE SERVICES, LTD 1 4.25% $16,047
BNC National Bank 1 4.00% $11,609
MASON MCDUFFIE MORTGAGE CORPORATION 1 6.50% $18,067
BEST CAPITAL FUNDING 1 4.63% $28,270
PROPER RATE, LLC 1 4.90% $13,280
PNC Bank 1 5.13% $11,849
PENTAGON FEDERAL CREDIT UNION 1 5.00% $5,739
Bell Bank 1 6.13% $10,500
Chickasaw Community Bank 1 3.63% $11,360

The top Colorado FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 1,359 FHA loans originated. Their average total fees are $13,308, which is $19 lower than the next largest lender, AMERICAN FINANCING CORPORATION.

The lowest fee Colorado FHA lenders (with over 10 loans originated) are NOVA FINANCIAL & INVESTMENT CORPORATION ($3,747), MID AMERICA MORTGAGE, INC. ($5,339), CHERRY CREEK MORTGAGE, LLC ($6,421), Ent Credit Union ($8,007) and LAKEVIEW LOAN SERVICING, LLC ($8,872).

The lowest rate Colorado FHA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC (3.52%), Lakeview Community Capital, LLC (3.67%), VILLAGE CAPITAL MORTGAGE (3.87%), First Guaranty Mortgage Corporation (3.90%) and PENNYMAC LOAN SERVICES, LLC (4.07%).

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).