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 -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).