FHA Loans · CO
FHA Home Loans in Parachute, CO
Parachute's FHA limit of $1,249,125 — among the highest in CO — puts most local properties within FHA reach despite elevated prices.
3.5% Down
$10,780
Monthly Total
$2,047/mo
2026 FHA Limit
$1,249,125
Income Needed
$78,055/yr
FHA Limit Covers Parachute
FHA loan limits in GARFIELD County ($1,249,125) comfortably cover the Parachute median home price ($308,000).
Down Payment Comparison
Most Popular
FHA 3.5% Down
$10,780
Lower MIP
FHA 10% Down
$30,800
No PMI
Conventional 20%
$61,600
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $1,911 | $136 | $2,047 |
| Conventional 5% down | — | $170 | $2,067 |
Upfront MIP of $5,201 (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 Parachute
Low down payment, flexible credit requirements, and DPA stackable programs.