FHA Loans · CO
FHA Home Loans in Ouray, CO
Ouray sits in an elevated FHA zone ($750,950 limit), reflecting the area's higher-than-average home values and giving FHA access to more of the local market.
3.5% Down
$17,220
Monthly Total
$3,270/mo
2026 FHA Limit
$750,950
Income Needed
$112,186/yr
FHA Limit Covers Ouray
FHA loan limits in OURAY County ($750,950) comfortably cover the Ouray median home price ($492,000).
Down Payment Comparison
Most Popular
FHA 3.5% Down
$17,220
Lower MIP
FHA 10% Down
$49,200
No PMI
Conventional 20%
$98,400
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $3,053 | $217 | $3,270 |
| Conventional 5% down | — | $272 | $3,303 |
Upfront MIP of $8,308 (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 Ouray
Low down payment, flexible credit requirements, and DPA stackable programs.