We are here to help you

Call us: 1-800-731-3560

Colorado FHA Loans

View Loan Limits - Calculate Your Payment
2020 Colorado FHA Loan Requirements

Colorado FHA Loans | Requirements | 2020 FHA Loan Limits

FHA loans provide a great opportunity to buy a home in Colorado.  The FHA (Federal Housing Administration) was created to help the average American have a chance at owning their own home.  One of the reasons that FHA loans are so popular is because of the low down payment option.  FHA loans allow you to purchase a home with only a 3.5% down payment.  There are also less strict requirements to get an FHA loan (compared to conventional loans), such as being able to qualify with a credit score as low as 500.

2020 Colorado FHA Loan Requirements

  • Credit Score – To qualify for the 3.5% down payment, you must have a 580 credit score or higher. If your credit score is between a 500-579, you still may qualify for an FHA loan, but will be required to put 10% down.
  • Job History – Proof of employment for 2 years is required. It is ok if you have changed jobs, but you need to show consistent employment/income.
  • Financial Statements – You should expect to be required to provide your 2 most recent bank statements, pay stubs, and tax returns.
  • Debt-to-Income – You can not have a debt-to-income ratio higher than 43%.  However, if you have “compensating factors” you might be able to get approved with higher debt levels (a compensating factor could be more money in savings, longer job history, or great credit).
  • Primary Residence – You must occupy the home that you intend to purchase and have it be your primary residence. FHA loans are not available to purchase an investment property, second home, or vacation home.
  • Mortgage Insurance – All FHA loans, regardless of the lender, require two types of mortgage insurance.  This includes the UPMIP (Upfront Mortgage Insurance Premium) and the regular MIP (Mortgage Insurance Premium).  FHA MIP acts similarly to how PMI (Private Mortgage Insurance) on a conventional loan acts.  You can use this FHA loan calculator to estimate your monthly payment and mortgage insurance costs.
  • FHA Loan Limits – FHA loans have maximum lending limits, which are set at the county level. You can view the 2020 FHA loan limits for all counties in Colorado below.

Would you like to see if you qualify for an FHA loan?  We can help match you with a mortgage lender that offers FHA loans in Colorado.  To have an FHA lender contact you, request a free consultation.

2020 Colorado FHA Loan Limits

Below are the 2020 FHA loan limits for all counties in Colorado:

County Single Family 2 Family 3 Family 4 Family
ADAMS COUNTY $575,000 $736,100 $889,800 $1,105,800
ALAMOSA COUNTY $331,760 $424,800 $513,450 $638,100
ARAPAHOE COUNTY $575,000 $736,100 $889,800 $1,105,800
ARCHULETTA COUNTY $331,760 $424,800 $513,450 $638,100
BACA COUNTY $331,760 $424,800 $513,450 $638,100
BENT COUNTY $331,760 $424,800 $513,450 $638,100
BOULDER COUNTY $644,000 $824,450 $996,550 $1,238,500
BROOMFIELD COUNTY $575,000 $736,100 $889,800 $1,105,800
CHAFFEE COUNTY $369,150 $472,550 $571,250 $709,900
CHEYENNE COUNTY $331,760 $424,800 $513,450 $638,100
CLEAR CREEK COUNTY $575,000 $736,100 $889,800 $1,105,800
CONEJOS COUNTY $331,760 $424,800 $513,450 $638,100
COSTILLA COUNTY $331,760 $424,800 $513,450 $638,100
CROWLEY COUNTY $331,760 $424,800 $513,450 $638,100
CUSTER COUNTY $331,760 $424,800 $513,450 $638,100
DELTA COUNTY $331,760 $424,800 $513,450 $638,100
DENVER COUNTY $575,000 $736,100 $889,800 $1,105,800
DOLORES COUNTY $331,760 $424,800 $513,450 $638,100
DOUGLAS COUNTY $575,000 $736,100 $889,800 $1,105,800
EAGLE COUNTY $765,600 $980,325 $1,184,925 $1,472,550
EL PASO COUNTY $356,500 $456,350 $551,650 $685,550
ELBERT COUNTY $575,000 $736,100 $889,800 $1,105,800
FREMONT COUNTY $331,760 $424,800 $513,450 $638,100
GARFIELD COUNTY $765,600 $980,325 $1,184,925 $1,472,550
GILPIN COUNTY $575,000 $736,100 $889,800 $1,105,800
GRAND COUNTY $473,800 $606,550 $733,150 $911,150
GUNNISON COUNTY $371,450 $475,500 $574,800 $714,350
HINSDALE COUNTY $427,800 $547,650 $662,000 $822,700
HUERFANO COUNTY $331,760 $424,800 $513,450 $638,100
JACKSON COUNTY $331,760 $424,800 $513,450 $638,100
JEFFERSON COUNTY $575,000 $736,100 $889,800 $1,105,800
KIOWA COUNTY $331,760 $424,800 $513,450 $638,100
KIT CARSON COUNTY $331,760 $424,800 $513,450 $638,100
LA PLATA COUNTY $422,050 $540,300 $653,100 $811,650
LAKE COUNTY $331,760 $424,800 $513,450 $638,100
LARIMER COUNTY $454,250 $581,500 $702,900 $873,550
LAS ANIMAS COUNTY $331,760 $424,800 $513,450 $638,100
LINCOLN COUNTY $331,760 $424,800 $513,450 $638,100
LOGAN COUNTY $331,760 $424,800 $513,450 $638,100
MESA COUNTY $331,760 $424,800 $513,450 $638,100
MINERAL COUNTY $331,760 $424,800 $513,450 $638,100
MOFFAT COUNTY $331,760 $424,800 $513,450 $638,100
MONTEZUMA COUNTY $331,760 $424,800 $513,450 $638,100
MONtrOSE COUNTY $425,500 $544,700 $658,450 $818,250
MORGAN COUNTY $331,760 $424,800 $513,450 $638,100
OTERO COUNTY $331,760 $424,800 $513,450 $638,100
OURAY COUNTY $425,500 $544,700 $658,450 $818,250
PARK COUNTY $575,000 $736,100 $889,800 $1,105,800
PHILLIPS COUNTY $331,760 $424,800 $513,450 $638,100
PITKIN COUNTY $765,600 $980,325 $1,184,925 $1,472,550
PROWERS COUNTY $331,760 $424,800 $513,450 $638,100
PUEBLO COUNTY $331,760 $424,800 $513,450 $638,100
RIO BLANCO COUNTY $331,760 $424,800 $513,450 $638,100
RIO GRANDE COUNTY $331,760 $424,800 $513,450 $638,100
ROUTT COUNTY $638,250 $817,050 $987,650 $1,227,400
SAGUACHE COUNTY $331,760 $424,800 $513,450 $638,100
SAN JUAN COUNTY $331,760 $424,800 $513,450 $638,100
SAN MIGUEL COUNTY $765,600 $980,325 $1,184,925 $1,472,550
SEDGWICK COUNTY $331,760 $424,800 $513,450 $638,100
SUMMIT COUNTY $722,200 $924,550 $1,117,550 $1,388,850
TELLER COUNTY $356,500 $456,350 $551,650 $685,550
WASHINGTON COUNTY $331,760 $424,800 $513,450 $638,100
WELD COUNTY $404,800 $518,200 $626,400 $778,450
YUMA COUNTY $331,760 $424,800 $513,450 $638,100

Easily Receive More Information

Fill out the form below to receive a free consultation from a mortgage lender

Property State

Loan Type
PurchaseRefinance

Loan Amount

Credit Rating: ExcellentGoodFairPoor

Home Loan Programs Available In:

Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Florida, Georgia, Kansas, Louisiana, Iowa, Illinois, Indiana, Maryland, Michigan, Minnesota, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, and Wyoming.