CALL:

Colorado

FHA Loan

Unlock Your Dream Home with an FHA Loan!

If you're buying a home in Colorado and looking for a flexible loan with low down payment requirements, an FHA loan may be the perfect fit—especially for first-time buyers or those with less-than-perfect credit.

FHA LOAN

What Makes an FHA Loan Different

FHA loans were created to help more people become homeowners, especially those who might not qualify for conventional financing due to limited credit history or smaller down payments.

Unlike conventional loans, FHA loans are backed by the federal government, which reduces the lender’s risk and opens the door to more flexible qualification standards.

These loans allow for lower credit scores, higher debt-to-income ratios, and more lenient underwriting overall. They also allow gifts or down payment assistance from family members or approved programs to help cover upfront costs.

Mortgage insurance is required for all FHA loans, both upfront and monthly, which slightly increases the overall cost—but the tradeoff is easier access to financing.

FHA loans can also be used with renovation programs like the FHA 203k loan, allowing borrowers to purchase and repair a property with a single loan.

Our Relentless Commitment Is To Provide You With

The Best Possible Services

FHA Loans

and How They Work

FHA loans are government-backed mortgages insured by the Federal Housing Administration. They’re designed to make homeownership more accessible, especially for first-time buyers, lower-income households, or those with a limited credit history.
One of the most appealing features of an FHA loan is the low down payment requirement. Qualified buyers can put as little as 3.5% down, making it easier to purchase a home without needing years of savings.
In Colorado, FHA loans are widely used by buyers entering the housing market for the first time or looking for a more flexible path to homeownership. These loans can be used to purchase single-family homes, condos, and even certain multi-unit properties, as long as the buyer intends to live in one of the units.
Because the loan is insured by the government, lenders are more willing to work with buyers who may not meet the stricter credit or income requirements of conventional loans. However, borrowers are required to pay mortgage insurance premiums, which protect the lender in case of default.
FHA loans are also commonly used for refinancing, especially for homeowners looking to reduce their interest rate or switch from a higher-cost loan.

How to Qualify for a

FHA Loan

FHA loans were created to help more people become homeowners, especially those who might not qualify for conventional financing due to limited credit history or smaller down payments.
Unlike conventional loans, FHA loans are backed by the federal government, which reduces the lender’s risk and opens the door to more flexible qualification standards.
These loans allow for lower credit scores, higher debt-to-income ratios, and more lenient underwriting overall. They also allow gifts or down payment assistance from family members or approved programs to help cover upfront costs.
Mortgage insurance is required for all FHA loans, both upfront and monthly, which slightly increases the overall cost—but the tradeoff is easier access to financing.
FHA loans can also be used with renovation programs like the FHA 203k loan, allowing borrowers to purchase and repair a property with a single loan.

FHA Mortgages: A Different Approach to Home Loans

To qualify for an FHA loan, you’ll need a credit score of at least 580 to take advantage of the 3.5% down payment option. Some lenders may approve with lower scores, but a higher score can improve your chances and lower your costs.

You must have a steady employment history or consistent income for the past two years. Lenders will also evaluate your debt-to-income ratio to ensure you can afford the monthly payments.

FHA loans are intended for primary residences, so you must live in the home you’re buying. The property must also meet specific safety and livability standards to qualify.

While FHA loans have more lenient requirements, you’ll still need to pay an upfront mortgage insurance premium and ongoing monthly premiums for the life of the loan, unless you refinance into a different loan type later.