FHA Loans · CO
FHA Home Loans in Nucla, CO
FHA's 3.5% minimum on Nucla's $158,000 median requires just $5,530 — $2,370 less than a 5% conventional down payment.
3.5% Down
$5,530
Monthly Total
$1,049/mo
2026 FHA Limit
$541,287
Income Needed
$50,204/yr
FHA Limit Covers Nucla
FHA loan limits in MONTROSE County ($541,287) comfortably cover the Nucla median home price ($158,000).
Down Payment Comparison
Most Popular
FHA 3.5% Down
$5,530
Lower MIP
FHA 10% Down
$15,800
No PMI
Conventional 20%
$31,600
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $980 | $69 | $1,049 |
| Conventional 5% down | — | $87 | $1,060 |
Upfront MIP of $2,668 (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 Nucla
Low down payment, flexible credit requirements, and DPA stackable programs.