FHA Loans
FHA loans are mortgages insured by the Federal Housing Administration, designed to make homeownership more accessible — particularly for buyers with limited down payment savings or a less-than-perfect credit history. They remain one of the most common ways Colorado buyers get into their first home.
Who this program tends to fit
- First-time and repeat buyers with a limited down payment
- Buyers rebuilding or establishing credit history
- Buyers who may not qualify for the lowest conventional pricing yet
- Buyers purchasing a primary residence (FHA is not available for investment properties)
How it works
FHA loans allow down payments as low as 3.5% for qualifying borrowers and tend to have more flexible credit and debt-to-income guidelines than conventional financing. In exchange, FHA loans require mortgage insurance premiums (both upfront and ongoing) for the life of many loans. I'll walk through how those costs compare to conventional options so you can weigh the full picture, not just the down payment.
Frequently asked questions
What's the minimum down payment for FHA?
As low as 3.5% for borrowers who meet the qualifying credit threshold; buyers with lower credit scores may need to put down more, depending on program guidelines.
Can I use an FHA loan for a rental property?
No — FHA loans are intended for primary residences. Certain multi-unit properties (up to four units) can qualify if you occupy one unit as your primary home.
Does FHA mortgage insurance ever go away?
It depends on your down payment and loan terms. Some FHA loans carry mortgage insurance for the life of the loan, while others allow it to be removed under certain conditions — this is exactly the kind of detail worth reviewing together before you commit to a program.
Have questions about FHA Loans?
I'm glad to talk through whether this program fits your specific situation — no pressure, just a clear answer.