FHA Loans · CO
FHA Home Loans in New Castle, CO
New Castle's FHA limit of $1,249,125 — among the highest in CO — puts most local properties within FHA reach despite elevated prices.
3.5% Down
$16,030
Monthly Total
$3,044/mo
2026 FHA Limit
$1,249,125
Income Needed
$105,879/yr
FHA Limit Covers New Castle
FHA loan limits in GARFIELD County ($1,249,125) comfortably cover the New Castle median home price ($458,000).
Down Payment Comparison
Most Popular
FHA 3.5% Down
$16,030
Lower MIP
FHA 10% Down
$45,800
No PMI
Conventional 20%
$91,600
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $2,842 | $202 | $3,044 |
| Conventional 5% down | — | $253 | $3,075 |
Upfront MIP of $7,734 (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 New Castle
Low down payment, flexible credit requirements, and DPA stackable programs.