FHA Loans · CO
FHA Home Loans in Hotchkiss, CO
FHA's 3.5% minimum on Hotchkiss's $292,000 median requires just $10,220 — $4,380 less than a 5% conventional down payment.
3.5% Down
$10,220
Monthly Total
$1,941/mo
2026 FHA Limit
$541,287
Income Needed
$75,097/yr
FHA Limit Covers Hotchkiss
FHA loan limits in DELTA County ($541,287) comfortably cover the Hotchkiss median home price ($292,000).
Down Payment Comparison
Most Popular
FHA 3.5% Down
$10,220
Lower MIP
FHA 10% Down
$29,200
No PMI
Conventional 20%
$58,400
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $1,812 | $129 | $1,941 |
| Conventional 5% down | — | $161 | $1,960 |
Upfront MIP of $4,931 (1.75%) is typically rolled into the loan balance.
Down Payment Assistance
CHFA (Colorado Housing and Finance Authority) offers down payment assistance grants and second mortgage products stackable with FHA — eligible buyers may reduce out-of-pocket to near $0. Income and purchase price limits apply.
CHFA Eligible: Colorado Housing and Finance Authority offers down payment assistance grants and second mortgage products stackable with FHA. Income and purchase price limits apply.
FAQs
Get pre-approved for an FHA loan in Hotchkiss
Low down payment, flexible credit requirements, and DPA stackable programs.