FHA Loans · CO
FHA Home Loans in Colorado Springs, CO
FHA's 3.5% minimum on Colorado Springs's $460,000 median requires just $16,100 — $6,900 less than a 5% conventional down payment.
3.5% Down
$16,100
Monthly Total
$3,057/mo
2026 FHA Limit
$541,650
Income Needed
$106,241/yr
FHA Limit Covers Colorado Springs
FHA loan limits in EL PASO County ($541,650) comfortably cover the Colorado Springs median home price ($460,000).
Down Payment Comparison
Most Popular
FHA 3.5% Down
$16,100
Lower MIP
FHA 10% Down
$46,000
No PMI
Conventional 20%
$92,000
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $2,854 | $203 | $3,057 |
| Conventional 5% down | — | $254 | $3,088 |
Upfront MIP of $7,768 (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 Colorado Springs
Low down payment, flexible credit requirements, and DPA stackable programs.