FHA Home Loans in Hot Sulphur Springs, CO
Hot Sulphur Springs is a smaller rural market where inventory is thin and USDA financing is often in play. Grand County is a designated high-cost county for 2026, so the conforming limit is $883,200 rather than the $832,750 national baseline. HUD set the county's one-unit FHA limit at $883,200 — $341,913 above the $541,287 national floor. At a $345,000 median, both conforming and FHA financing reach the middle of the Hot Sulphur Springs market. The FHA ceiling of $883,200 sits above the $345,000 median, so a typical Hot Sulphur Springs home is financeable with the 3.5% minimum down payment. On 2–4 units, the FHA limits step up to $1,130,496 (duplex), $1,366,664 (triplex), and $1,698,482 (fourplex) — the route Colorado buyers use to house-hack with 3.5% down while tenants carry part of the payment.
FHA loan limits in Grand County ($883,200) comfortably cover the Hot Sulphur Springs median home price ($345,000).
Down Payment Comparison
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $2,113 | $153 | $2,266 |
| Conventional 5% down | — | $115 | $2,213 |
Upfront MIP of $5,826 (1.75%) is typically rolled into the loan balance.
Down Payment Assistance
Colorado buyers in Grand 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 $345,000 Hot Sulphur Springs median before you write an offer.
FAQs
Get pre-approved for an FHA loan in Hot Sulphur Springs
Low down payment, flexible credit requirements, and DPA stackable programs.