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 6.53% for the week of 2024-05-17, compared to the national average (all FHA variants) of 6.744% for the same period.

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

The average rate for the prior week (2024-05-10) was 6.47% and one month ago for the week of 2024-04-12, the average rate was 6.34%.

The average rate one year ago was 5.99%.

For refis of the same type during the week of 2024-05-17, the average rate was 6.87%.

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).