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FHA Loans in Salida, Colorado 2026
Salida has transformed from an affordable mountain town to a sought-after destination. At a $595K median, FHA's ceiling covers only the lower half of Salida's SFR market — but FHA still has a clear role.
Chaffee County FHA Limit (2026)
FHA limit $524,225 standard baseline. Conforming $806,500. At 3.5% down, FHA covers purchases up to about $543,000.
Where FHA Works in Salida
Townhomes and condos $375,000–$500,000 (well within FHA). Smaller SFRs on east side $420,000–$530,000. Poncha Springs (3 miles, $50K–$80K below Salida median) and Moffat — adjacent FHA-eligible communities.
FHA Payment Example — Salida
Purchase $485,000 with 3.5% down ($16,975). Loan $468,025 + UFMIP = $476,218. Rate 6.875%. P&I ~$3,128/mo. MIP ~$218/mo. Property tax ~$182/mo. Insurance ~$150/mo. Total PITI ~$3,678/mo.
CHFA + FHA in Chaffee County
CHFA active in Chaffee County. Second mortgage covers 3.5% down — buyers bring only closing costs.
FHA vs. Conventional in Salida's Market
FHA MIP never cancels at 3.5% down; conventional PMI cancels at 80% LTV. Conventional rates for 680+ credit competitive with FHA. FHA wins for credit below 680 or when CHFA layering is needed.
Salida and Chaffee County FHA financing from a Western Slope broker. 970-708-9624 | tj@taytoncapitalllc.com.
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