2024 FHA Loan Limits in Colorado
With the help of an FHA loan, Colorado homebuyers with low credit scores or limited savings can purchase property. These loans, backed by the Federal Housing Administration, have less stringent qualifications than conventional home loans, but limit the amount you can finance depending on where you live. In many Colorado counties, single-family homebuyers can borrow up to $498,257 through an FHA loan, but in pricier spots, like Eagle, Garfield and Pitkin counties, loan limits can reach $1,149,825.
Colorado FHA loan limits by county
| County name | One unit | Two units | Three units | Four units | Median sales price |
|---|---|---|---|---|---|
| ADAMS | $816,500 | $1,045,250 | $1,263,500 | $1,570,200 | $710,000 |
| ALAMOSA | $498,257 | $637,950 | $771,125 | $958,350 | $209,000 |
| ARAPAHOE | $816,500 | $1,045,250 | $1,263,500 | $1,570,200 | $710,000 |
| ARCHULETA | $498,257 | $637,950 | $771,125 | $958,350 | $375,000 |
| BACA | $498,257 | $637,950 | $771,125 | $958,350 | $80,000 |
| BENT | $498,257 | $637,950 | $771,125 | $958,350 | $128,000 |
| BOULDER | $856,750 | $1,096,800 | $1,325,800 | $1,647,650 | $737,000 |
| BROOMFIELD | $816,500 | $1,045,250 | $1,263,500 | $1,570,200 | $710,000 |
| CHAFFEE | $632,500 | $809,700 | $978,750 | $1,216,350 | $550,000 |
| CHEYENNE | $498,257 | $637,950 | $771,125 | $958,350 | $100,000 |
| CLEAR CREEK | $816,500 | $1,045,250 | $1,263,500 | $1,570,200 | $710,000 |
| CONEJOS | $498,257 | $637,950 | $771,125 | $958,350 | $120,000 |
| COSTILLA | $498,257 | $637,950 | $771,125 | $958,350 | $70,000 |
| CROWLEY | $498,257 | $637,950 | $771,125 | $958,350 | $167,000 |
| CUSTER | $498,257 | $637,950 | $771,125 | $958,350 | $258,000 |
| DELTA | $498,257 | $637,950 | $771,125 | $958,350 | $304,000 |
| DENVER | $816,500 | $1,045,250 | $1,263,500 | $1,570,200 | $710,000 |
| DOLORES | $498,257 | $637,950 | $771,125 | $958,350 | $155,000 |
| DOUGLAS | $816,500 | $1,045,250 | $1,263,500 | $1,570,200 | $710,000 |
| EAGLE | $1,149,825 | $1,472,250 | $1,779,525 | $2,211,600 | $1,173,000 |
| EL PASO | $517,500 | $662,500 | $800,800 | $995,200 | $450,000 |
| ELBERT | $816,500 | $1,045,250 | $1,263,500 | $1,570,200 | $710,000 |
| FREMONT | $498,257 | $637,950 | $771,125 | $958,350 | $285,000 |
| GARFIELD | $1,149,825 | $1,472,250 | $1,779,525 | $2,211,600 | $1,050,000 |
| GILPIN | $816,500 | $1,045,250 | $1,263,500 | $1,570,200 | $710,000 |
| GRAND | $747,500 | $956,950 | $1,156,700 | $1,437,500 | $650,000 |
| GUNNISON | $633,650 | $811,200 | $980,550 | $1,218,550 | $551,000 |
| HINSDALE | $498,257 | $637,950 | $771,125 | $958,350 | $345,000 |
| HUERFANO | $498,257 | $637,950 | $771,125 | $958,350 | $153,000 |
| JACKSON | $498,257 | $637,950 | $771,125 | $958,350 | $175,000 |
| JEFFERSON | $816,500 | $1,045,250 | $1,263,500 | $1,570,200 | $710,000 |
| KIOWA | $498,257 | $637,950 | $771,125 | $958,350 | $111,000 |
| KIT CARSON | $498,257 | $637,950 | $771,125 | $958,350 | $171,000 |
| LA PLATA | $655,500 | $839,150 | $1,014,350 | $1,260,600 | $570,000 |
| LAKE | $498,257 | $637,950 | $771,125 | $958,350 | $359,000 |
| LARIMER | $632,500 | $809,700 | $978,750 | $1,216,350 | $550,000 |
| LAS ANIMAS | $498,257 | $637,950 | $771,125 | $958,350 | $161,000 |
| LINCOLN | $498,257 | $637,950 | $771,125 | $958,350 | $173,000 |
| LOGAN | $498,257 | $637,950 | $771,125 | $958,350 | $215,000 |
| MESA | $498,257 | $637,950 | $771,125 | $958,350 | $375,000 |
| MINERAL | $498,257 | $637,950 | $771,125 | $958,350 | $252,000 |
| MOFFAT | $498,257 | $637,950 | $771,125 | $958,350 | $257,000 |
| MONTEZUMA | $498,257 | $637,950 | $771,125 | $958,350 | $286,000 |
| MONTROSE | $561,200 | $718,450 | $868,400 | $1,079,250 | $488,000 |
| MORGAN | $498,257 | $637,950 | $771,125 | $958,350 | $316,000 |
| OTERO | $498,257 | $637,950 | $771,125 | $958,350 | $137,000 |
| OURAY | $561,200 | $718,450 | $868,400 | $1,079,250 | $488,000 |
| PARK | $816,500 | $1,045,250 | $1,263,500 | $1,570,200 | $710,000 |
| PHILLIPS | $498,257 | $637,950 | $771,125 | $958,350 | $179,000 |
| PITKIN | $1,149,825 | $1,472,250 | $1,779,525 | $2,211,600 | $1,050,000 |
| PROWERS | $498,257 | $637,950 | $771,125 | $958,350 | $180,000 |
| PUEBLO | $498,257 | $637,950 | $771,125 | $958,350 | $280,000 |
| RIO BLANCO | $498,257 | $637,950 | $771,125 | $958,350 | $205,000 |
| RIO GRANDE | $498,257 | $637,950 | $771,125 | $958,350 | $155,000 |
| ROUTT | $1,012,000 | $1,295,550 | $1,566,050 | $1,946,200 | $880,000 |
| SAGUACHE | $498,257 | $637,950 | $771,125 | $958,350 | $127,000 |
| SAN JUAN | $517,500 | $662,500 | $800,800 | $995,200 | $450,000 |
| SAN MIGUEL | $1,045,350 | $1,338,250 | $1,617,650 | $2,010,350 | $865,000 |
| SEDGWICK | $498,257 | $637,950 | $771,125 | $958,350 | $135,000 |
| SUMMIT | $1,006,250 | $1,288,200 | $1,557,150 | $1,935,150 | $875,000 |
| TELLER | $517,500 | $662,500 | $800,800 | $995,200 | $450,000 |
| WASHINGTON | $498,257 | $637,950 | $771,125 | $958,350 | $150,000 |
| WELD | $560,050 | $716,950 | $866,650 | $1,077,050 | $487,000 |
| YUMA | $498,257 | $637,950 | $771,125 | $958,350 | $185,000 |
How are FHA loan limits determined?
The FHA revises its loan limits each year to reflect changing housing costs across the country based on a formula outlined in the National Housing Act. Because of this, the maximum amount you can borrow with an FHA loan is always a percentage of the national conforming loan limit set by the Federal Housing Finance Agency for conventional loans – or mortgages that conform to Fannie Mae and Freddie Mac’s guidelines.
In 2024, the largest FHA loan you can get in most counties across the country, known as the loan limit floor, is $498,257 – or 65% of the national conforming loan limit of $766,550. But those living in more expensive areas can borrow far more, up to the ceiling amount of $1,149,825 – or 150% of the same national conforming loan limit.
Of Colorado’s 64 counties, only buyers in three, Eagle, Garfield and Pitkin, can access that top loan amount. Residents of another 25 of its counties, including Boulder, Denver, Park and Summit, will find their FHA loan limit falls somewhere between the floor and ceiling amount, while those in the remaining 36 counties can get FHA loans up to $498,257.
How to qualify for an FHA loan in Colorado
FHA loans have more relaxed qualification requirements than conventional loans thanks to their government-backed status, but you will still need to meet the following criteria to apply for one:
→ Minimum credit score of 500: You’ll need to put down 10% or more to get an FHA loan if your credit score is between 500 and 579.
→ 3.5% down payment: You can finance all of your home purchase bar this small sum if your credit score tops 580.
→ Maximum debt-to-income ratio of 43%: Lenders will divide your total monthly debt by your pre-tax monthly income to discover how much of your money goes toward debt repayment. The lower that ratio, the less risky a borrower you’re thought to be. The FHA typically approves those with a DTI ratio at or below 43%, although those with a higher ratio may still qualify with a strong enough credit score or large cash reserves.
→ Live in the purchased home: Any property bought with an FHA loan must be used as your primary residence for at least one year. You can’t buy vacation homes or rental properties with this loan.
→ Stable income history: While FHA loans come with no income limits or requirements, you’ll still need to show lenders at least two years of steady past employment through pay stubs, W-2s or 1099s.
→ FHA mortgage insurance: FHA loans come with two extra insurance hurdles: an upfront FHA mortgage insurance premium equaling 1.75% of the total loan, and an annual mortgage insurance premium, which costs between 0.15% and 0.75% of the total loan.
→ Get an FHA appraisal: Any home purchased with an FHA loan must undergo and pass a $400-$700 FHA appraisal verifying the value, condition and safety of the property.
Buying a multifamily property with an FHA loan
If you’re looking to buy a home for yourself as well as an investment property, FHA loans can be used to purchase multifamily properties with between two and four separate housing units, and you’ll still only need to put 3.5% down if you live in one of the units.
While higher loan limits apply when buying multiunit properties, the qualifications are the same as for single units.
| Number of units | Low-cost FHA loan limit |
|---|---|
| Two | $637,950 |
| Three | $771,125 |
| Four | $958,350 |
FHA lenders in Colorado
Lender | LendingTree rating | Min. FHA credit score | |
|---|---|---|---|
 Flagstar Bank | 580 | ||
 Guaranteed Rate | Not disclosed | ||
 PennyMac | 580 | ||
 Rocket Mortgage | 580 | ||
 BMO Harris Bank | 580 |
