FHA Loans · CO
FHA Home Loans in Lamar, CO
FHA's 3.5% minimum on Lamar's $148,000 median requires just $5,180 — $2,220 less than a 5% conventional down payment.
3.5% Down
$5,180
Monthly Total
$983/mo
2026 FHA Limit
$541,287
Income Needed
$48,362/yr
FHA Limit Covers Lamar
FHA loan limits in PROWERS County ($541,287) comfortably cover the Lamar median home price ($148,000).
Down Payment Comparison
Most Popular
FHA 3.5% Down
$5,180
Lower MIP
FHA 10% Down
$14,800
No PMI
Conventional 20%
$29,600
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $918 | $65 | $983 |
| Conventional 5% down | — | $82 | $993 |
Upfront MIP of $2,499 (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 Lamar
Low down payment, flexible credit requirements, and DPA stackable programs.