FHA Loans · CO
FHA Home Loans in Grand Junction, CO
FHA's 3.5% minimum on Grand Junction's $342,000 median requires just $11,970 — $5,130 less than a 5% conventional down payment.
3.5% Down
$11,970
Monthly Total
$2,273/mo
2026 FHA Limit
$541,287
Income Needed
$84,362/yr
FHA Limit Covers Grand Junction
FHA loan limits in MESA County ($541,287) comfortably cover the Grand Junction median home price ($342,000).
Down Payment Comparison
Most Popular
FHA 3.5% Down
$11,970
Lower MIP
FHA 10% Down
$34,200
No PMI
Conventional 20%
$68,400
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $2,122 | $151 | $2,273 |
| Conventional 5% down | — | $189 | $2,296 |
Upfront MIP of $5,775 (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 Grand Junction
Low down payment, flexible credit requirements, and DPA stackable programs.