FHA Home Loans in Almont, CO
Almont is a resort market where second-home and short-term-rental demand sets the price floor. Gunnison County uses the $832,750 national baseline conforming limit for 2026. HUD set the county's one-unit FHA limit at $747,500 — $206,213 above the $541,287 national floor. At a $485,000 median, both conforming and FHA financing reach the middle of the Almont market. The FHA ceiling of $747,500 sits above the $485,000 median, so a typical Almont home is financeable with the 3.5% minimum down payment. On 2–4 units, the FHA limits step up to $956,800 (duplex), $1,156,682 (triplex), and $1,437,517 (fourplex) — the route Colorado buyers use to house-hack with 3.5% down while tenants carry part of the payment.
FHA loan limits in Gunnison County ($747,500) comfortably cover the Almont median home price ($485,000).
Down Payment Comparison
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $2,971 | $215 | $3,185 |
| Conventional 5% down | — | $161 | $3,111 |
Upfront MIP of $8,190 (1.75%) is typically rolled into the loan balance.
Down Payment Assistance
Colorado buyers in Gunnison County can pair FHA with CHFA first-mortgage and down payment assistance programs, which can cover the 3.5% minimum through a second mortgage or grant. Income and purchase-price caps apply and are set by county, so we check eligibility against the $485,000 Almont median before you write an offer.
FAQs
Get pre-approved for an FHA loan in Almont
Low down payment, flexible credit requirements, and DPA stackable programs.