FHA Loans · CO
FHA Home Loans in Norwood, CO
Norwood's FHA limit of $1,045,350 — among the highest in CO — puts most local properties within FHA reach despite elevated prices.
3.5% Down
$9,870
Monthly Total
$1,874/mo
2026 FHA Limit
$1,045,350
Income Needed
$73,227/yr
FHA Limit Covers Norwood
FHA loan limits in SAN MIGUEL County ($1,045,350) comfortably cover the Norwood median home price ($282,000).
Down Payment Comparison
Most Popular
FHA 3.5% Down
$9,870
Lower MIP
FHA 10% Down
$28,200
No PMI
Conventional 20%
$56,400
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $1,750 | $124 | $1,874 |
| Conventional 5% down | — | $156 | $1,893 |
Upfront MIP of $4,762 (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 Norwood
Low down payment, flexible credit requirements, and DPA stackable programs.