FHA Loans · CO
FHA Home Loans in La Junta, CO
FHA's 3.5% minimum on La Junta's $152,000 median requires just $5,320 — $2,280 less than a 5% conventional down payment.
3.5% Down
$5,320
Monthly Total
$1,010/mo
2026 FHA Limit
$541,287
Income Needed
$49,116/yr
FHA Limit Covers La Junta
FHA loan limits in OTERO County ($541,287) comfortably cover the La Junta median home price ($152,000).
Down Payment Comparison
Most Popular
FHA 3.5% Down
$5,320
Lower MIP
FHA 10% Down
$15,200
No PMI
Conventional 20%
$30,400
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $943 | $67 | $1,010 |
| Conventional 5% down | — | $84 | $1,020 |
Upfront MIP of $2,566 (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 La Junta
Low down payment, flexible credit requirements, and DPA stackable programs.