Purchase
FHA Loans
Government-insured loans with low down payments and more flexible credit guidelines.
What it is
FHA loans are insured by the Federal Housing Administration. That insurance lets lenders offer easier credit guidelines and a low down payment.
Who it's great for
- First-time buyers
- Buyers rebuilding credit
- Buyers with smaller savings
Key features
- 3.5% minimum down payment
- Flexible credit guidelines
- Gift funds allowed
General requirements
- Credit score often 580+ for 3.5% down
- Primary residence only
- FHA mortgage insurance required
- Home must meet FHA property standards
General guidelines only. Every loan is subject to credit approval, underwriting and property review. Not a commitment to lend.
Common Questions
Is FHA only for first-time buyers?
No. Anyone who meets the guidelines and will live in the home can use it.
Can I get rid of FHA mortgage insurance?
It depends on your down payment. Many people later refinance into a conventional loan.
What are the loan limits in Larimer and Weld counties?
They change each year. Call me and I'll give you this year's numbers.
Can I buy a condo?
Yes, if the complex is FHA-approved or qualifies for single-unit approval.
Is a FHA Loan Right for You?
Let's talk about your situation. Honest answers, no pressure.
NMLS #172296 | Licensed in Colorado