FHA Home Loans in Crested Butte, CO
With a $785,000 median, the $747,500 FHA limit covers 95.2% of typical Crested Butte purchases — buyers at or above the median may need a larger down payment or conventional financing.
The 2026 FHA loan limit in GUNNISON County is $747,500. The Crested Butte median home price is $785,000, which is above the FHA limit. Buyers may need to cover the gap with a larger down payment or explore jumbo financing.
Down Payment Comparison
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $4,871 | $347 | $5,218 |
| Conventional 5% down | — | $435 | $5,271 |
Upfront MIP of $13,256 (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.
FAQs
Get pre-approved for an FHA loan in Crested Butte
Low down payment, flexible credit requirements, and DPA stackable programs.