FHA Loans · CO
FHA Home Loans in Lake City, CO
FHA's 3.5% minimum on Lake City's $328,000 median requires just $11,480 — $4,920 less than a 5% conventional down payment.
3.5% Down
$11,480
Monthly Total
$2,180/mo
2026 FHA Limit
$563,500
Income Needed
$81,767/yr
FHA Limit Covers Lake City
FHA loan limits in HINSDALE County ($563,500) comfortably cover the Lake City median home price ($328,000).
Down Payment Comparison
Most Popular
FHA 3.5% Down
$11,480
Lower MIP
FHA 10% Down
$32,800
No PMI
Conventional 20%
$65,600
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $2,035 | $145 | $2,180 |
| Conventional 5% down | — | $181 | $2,202 |
Upfront MIP of $5,539 (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 Lake City
Low down payment, flexible credit requirements, and DPA stackable programs.