FHA Loans · CO
FHA Home Loans in Fort Morgan, CO
FHA's 3.5% minimum on Fort Morgan's $265,000 median requires just $9,275 — $3,975 less than a 5% conventional down payment.
3.5% Down
$9,275
Monthly Total
$1,761/mo
2026 FHA Limit
$541,287
Income Needed
$70,074/yr
FHA Limit Covers Fort Morgan
FHA loan limits in MORGAN County ($541,287) comfortably cover the Fort Morgan median home price ($265,000).
Down Payment Comparison
Most Popular
FHA 3.5% Down
$9,275
Lower MIP
FHA 10% Down
$26,500
No PMI
Conventional 20%
$53,000
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $1,644 | $117 | $1,761 |
| Conventional 5% down | — | $146 | $1,778 |
Upfront MIP of $4,475 (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 Fort Morgan
Low down payment, flexible credit requirements, and DPA stackable programs.