FHA Loans · CO
FHA Home Loans in Monte Vista, CO
FHA's 3.5% minimum on Monte Vista's $202,000 median requires just $7,070 — $3,030 less than a 5% conventional down payment.
3.5% Down
$7,070
Monthly Total
$1,342/mo
2026 FHA Limit
$541,287
Income Needed
$58,381/yr
FHA Limit Covers Monte Vista
FHA loan limits in RIO GRANDE County ($541,287) comfortably cover the Monte Vista median home price ($202,000).
Down Payment Comparison
Most Popular
FHA 3.5% Down
$7,070
Lower MIP
FHA 10% Down
$20,200
No PMI
Conventional 20%
$40,400
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $1,253 | $89 | $1,342 |
| Conventional 5% down | — | $111 | $1,355 |
Upfront MIP of $3,411 (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 Monte Vista
Low down payment, flexible credit requirements, and DPA stackable programs.