FHA Loans · CO
FHA Home Loans in Sterling, CO
FHA's 3.5% minimum on Sterling's $178,000 median requires just $6,230 — $2,670 less than a 5% conventional down payment.
3.5% Down
$6,230
Monthly Total
$1,182/mo
2026 FHA Limit
$541,287
Income Needed
$53,916/yr
FHA Limit Covers Sterling
FHA loan limits in LOGAN County ($541,287) comfortably cover the Sterling median home price ($178,000).
Down Payment Comparison
Most Popular
FHA 3.5% Down
$6,230
Lower MIP
FHA 10% Down
$17,800
No PMI
Conventional 20%
$35,600
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $1,104 | $78 | $1,182 |
| Conventional 5% down | — | $98 | $1,194 |
Upfront MIP of $3,005 (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 Sterling
Low down payment, flexible credit requirements, and DPA stackable programs.