Benefits of FHA Loans
Low down payment requirement
Flexible credit score requirements
Competitive interest rates
Option to finance closing costs
Assumable loans, which can be transferred to a new buyer
Streamlined refinancing options
FHA Home Loans in Colorado
Your Path to Homeownership Starts Here
What is an FHA Loan?
An FHA loan is a mortgage insured by the Federal Housing Administration, designed to make homeownership more accessible for individuals and families with lower credit scores or limited savings for a down payment. FHA loans offer competitive interest rates and require a minimum down payment of just 3.5%, making them an attractive option for first-time homebuyers in Colorado.
Low Down Payment:
With an FHA loan, you can buy a home in Colorado with as little as 3.5% down, making homeownership more achievable.
Assumable Loans
FHA loans are assumable, meaning that if you decide to sell your home, the buyer can take over your existing FHA loan, potentially making your home more attractive to buyers.
Flexible Credit Requirements
FHA loans are available to borrowers with credit scores as low as 580, providing an opportunity for those with less-than-perfect credit to qualify.
Streamlined Refinancing
FHA offers a streamlined refinance option, known as the FHA Streamline Refinance, which allows borrowers to refinance their existing FHA loan with minimal documentation and paperwork.