Low Colorado (CO) FHA Loan Rates
Colorado FHA loans are home loans insured by the Federal Housing Administration which give Colorado borrowers the opportunity to secure home loans when they otherwise don’t quality for other conventional loans. Future Colorado homeowners with little credit history or poor credit history are sometimes able to qualify for Colorado FHA loans.
First Time Homeowners and FHA
CO FHA loans are ideal for first-time Colorado homeowners due to low down-payment requirements and flexible qualifying guidelines.
Colorado Refinancing and FHA
FHA also offers a refinancing option for Colorado homeowners where it’s possible to refinance up to 97.5 percent of your home’s value. Additionally, there’s also an option for FHA cash-out refinance of up to 85 percent.
Requirements
- No income limit
- Colorado borrower credit score flexibility
- 3.5 percent down payment on Colorado Purchase Loans
- Bankruptcy: CO FHA loans can be obtained as soon as 2 years after Chapter 7 discharge (assuming good credit history since)
- Foreclosures: Colorado FHA loans can be obtained as early as 3 years after the final date of foreclosure (assuming good credit history since)
Colorado (CO) FHA Loan Limits
FHA loan limits in Colorado vary based on a number of criteria including the specific location (county), number of units in the property (up to 4-unit properties in Colorado), etc. Please contact Home Point Financial’s Colorado FHA loan experts for details on loan limits for FHA loans in Colorado (CO). Contact Home Point Financial to learn more about FHA Loans in Denver, Colorado Springs, Aurora and throughout Colorado.
