FHA Loans · CO
FHA Home Loans in Black Hawk, CO
Black Hawk sits in an elevated FHA zone ($862,500 limit), reflecting the area's higher-than-average home values and giving FHA access to more of the local market.
3.5% Down
$17,080
Monthly Total
$3,243/mo
2026 FHA Limit
$862,500
Income Needed
$111,432/yr
FHA Limit Covers Black Hawk
FHA loan limits in GILPIN County ($862,500) comfortably cover the Black Hawk median home price ($488,000).
Down Payment Comparison
Most Popular
FHA 3.5% Down
$17,080
Lower MIP
FHA 10% Down
$48,800
No PMI
Conventional 20%
$97,600
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $3,028 | $215 | $3,243 |
| Conventional 5% down | — | $270 | $3,276 |
Upfront MIP of $8,241 (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 Black Hawk
Low down payment, flexible credit requirements, and DPA stackable programs.