FHA HOME LOAN

Homeownership could be closer than you think. Our FHA loan programs are created for buyers like you who are ready to take the next step in life...

With features like homeownership workshops and available down payment assistance, FHA loans are perfect for:

  •  First-time homebuyers 
  •  Low-to-moderate income families 
  •  Buyers looking for a low down payment

Contact us today to see how an FHA loan can put your homeownership goals within reach... 

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What is an FHA Loan?

FHA Loans are Government-backed loans that are ideal for Colorado first-time homebuyers who have higher debt-to-income ratios, lower credit scores, and/or limited savings for a down payment. 

FHA Home Loan Calculator

Requirements for an FHA Loan

  • Down payments as low as 3.5% 
  • Qualify with a credit score as low as 500-580
  • Intend to use the property as your primary residence 
  • Steady income history, or you've at least worked for the same employer for the past two years 
  • Must have a valid Social Security number & be a lawful U.S. resident 
  • Have an appraisal performed on the property by an approved appraiser 
  • Mortgage Insurance is required upfront (financed into the loan or paid in cash) and annually (paid monthly as part of the mortgage payment)

FHA Loan Highlights 

  • Down payment can be gifted from a relative, borrowed from an eligible 401K or provided through an approved state or local program (learn more about down payment assistance programs
  • Seller can contribute up to 6% of the purchase price towards closing costs 
  • Co-signers are allowed, but must be eligible borrowers 
  • Loan limits vary by county - Denver County loan limit - $575,000*, El Paso County Loan Limit - $356,500*, Arapahoe County loan limit - $575,000* (Contact us for the FHA Loan Limits in your County)

* As of January 01, 2020. Single unit limit (lowest).