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FHA loans in Colorado

Quick answer

FHA loans in Colorado require 3.5% down with a 580+ credit score; on a $502,200 home that's about $17,577. County FHA limits start at $541,287 for one-unit homes in lower-cost areas.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast updated

FHA loan snapshot for Colorado

ItemEstimate
Minimum down payment3.5%
Minimum credit score580
Typical CO home value$502,200
3.5% down on typical home$17,577
20% down on typical home$100,440
Avg. effective property tax0.49%/yr (~$204/mo)
Income for typical home (31% rule)$151,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Which Colorado programs pair with FHA loans?

  • CHFA Down Payment Assistance Grant: A grant (no repayment) toward down payment and closing costs, with a slightly higher first-mortgage rate.
  • CHFA Second Mortgage Loan: A deferred second loan for down payment assistance repaid when the home is sold or refinanced.

Details and current limits: Colorado Housing and Finance Authority (CHFA).

Who is an FHA loan best for?

FHA is designed for buyers with modest savings or credit that's still being built. Because the government insures the lender against loss, lenders can approve borrowers they might otherwise decline.

  • Credit scores between 580 and 680.
  • Debt-to-income ratios up to about 50% with compensating factors.
  • Buyers using gift funds for the entire down payment.
  • Buyers who had a bankruptcy 2+ years ago or foreclosure 3+ years ago.

How much does FHA mortgage insurance cost?

The upfront premium (UFMIP) is 1.75% of the base loan amount and is usually rolled into the loan. The annual premium for most 30-year loans is 0.55% of the balance, paid monthly. With less than 10% down, annual MIP lasts for the life of the loan; with 10% or more, it ends after 11 years. Many owners later refinance into a conventional loan to drop MIP.

FHA loans in Colorado cities

FHA in DenverFHA in Colorado SpringsFHA in AuroraFHA in Fort CollinsFHA in LakewoodFHA in ThorntonFHA in ArvadaFHA in WestminsterFHA in PuebloFHA in GreeleyFHA in CentennialFHA in BoulderFHA in Highlands RanchFHA in LongmontFHA in LovelandFHA in Castle RockFHA in BroomfieldFHA in Grand JunctionFHA in Commerce CityFHA in ParkerFHA in LittletonFHA in BrightonFHA in Security-WidefieldFHA in NorthglennFHA in WindsorFHA in Pueblo WestFHA in Dakota RidgeFHA in EnglewoodFHA in Ken CarylFHA in Wheat RidgeFHA in ErieFHA in LafayetteFHA in FountainFHA in ColumbineFHA in EvansFHA in Four Square MileFHA in LouisvilleFHA in MontroseFHA in GoldenFHA in CliftonFHA in SherrelwoodFHA in DurangoFHA in Cimarron HillsFHA in JohnstownFHA in FirestoneFHA in Cañon CityFHA in WelbyFHA in FrederickFHA in Greenwood VillageFHA in Black ForestFHA in Federal HeightsFHA in Lone TreeFHA in FruitaFHA in Steamboat SpringsFHA in SterlingFHA in SuperiorFHA in Castle PinesFHA in The PineryFHA in BerthoudFHA in Wellington

Frequently asked questions

Yes. FHA loans are available statewide in Colorado through approved lenders, subject to county loan limits where they apply.

Often yes. Colorado Housing and Finance Authority (CHFA) and local programs frequently pair assistance with FHA, conventional, VA or USDA first mortgages. Eligibility depends on income, price and program rules.

Answer a few questions on Purchase Mortgage Loan and we'll match you with lenders and loan officers in our network who serve Colorado.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.