FHA Loans · CO
FHA Home Loans in Cañon City, CO
FHA's 3.5% minimum on Cañon City's $302,000 median requires just $10,570 — $4,530 less than a 5% conventional down payment.
3.5% Down
$10,570
Monthly Total
$2,007/mo
2026 FHA Limit
$541,287
Income Needed
$76,939/yr
FHA Limit Covers Cañon City
FHA loan limits in FREMONT County ($541,287) comfortably cover the Cañon City median home price ($302,000).
Down Payment Comparison
Most Popular
FHA 3.5% Down
$10,570
Lower MIP
FHA 10% Down
$30,200
No PMI
Conventional 20%
$60,400
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $1,874 | $133 | $2,007 |
| Conventional 5% down | — | $167 | $2,027 |
Upfront MIP of $5,100 (1.75%) is typically rolled into the loan balance.
Down Payment Assistance
CHFA (Colorado Housing and Finance Authority) offers down payment assistance grants and second mortgage products stackable with FHA — eligible buyers may reduce out-of-pocket to near $0. Income and purchase price limits apply.
CHFA Eligible: Colorado Housing and Finance Authority offers down payment assistance grants and second mortgage products stackable with FHA. Income and purchase price limits apply.
FAQs
Get pre-approved for an FHA loan in Cañon City
Low down payment, flexible credit requirements, and DPA stackable programs.