FHA Loans · CO
FHA Home Loans in Mancos, CO
FHA's 3.5% minimum on Mancos's $312,000 median requires just $10,920 — $4,680 less than a 5% conventional down payment.
3.5% Down
$10,920
Monthly Total
$2,073/mo
2026 FHA Limit
$541,287
Income Needed
$78,781/yr
FHA Limit Covers Mancos
FHA loan limits in MONTEZUMA County ($541,287) comfortably cover the Mancos median home price ($312,000).
Down Payment Comparison
Most Popular
FHA 3.5% Down
$10,920
Lower MIP
FHA 10% Down
$31,200
No PMI
Conventional 20%
$62,400
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $1,936 | $137 | $2,073 |
| Conventional 5% down | — | $172 | $2,094 |
Upfront MIP of $5,268 (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 Mancos
Low down payment, flexible credit requirements, and DPA stackable programs.